FinDev, the Canadian financial institution dedicated to the private sector in developing countries, has announced an investment of $12 million in...
The African Development Bank today announced the addition of two new countries - Mauritius and Morocco - to its Bloomberg African Bond Indices (ABABI),...
Moroccan tech group RMK Holding, which controls e-payment company M2M Group and payment operator Naps, sold for an untold amount a minority stake of 6.16%...
Member states of the West African Economic and Monetary Union mobilized a total of CFA9.2163 trillion ($17 billion) on the regional money market last...
The Ivorian government said it will pay CFA620.2 billion ($1.1 billion) to about twenty private international creditors which are either banks or private...
Daystar Power, which specializes in solar energy supply in West Africa, has raised $38 million in a Series B round to boost its activity. The...
The announcement by the Ivorian President, Alassane Ouattara, of plans to asphalt 1,331 km of roads in his country in 2021 is prompting interest from...
2020 has been a tough year for large US banks active in the investment segment in sub-Saharan Africa, Refinitiv reported. Over the period reviewed,...
Equity Bank Kenya will obtain a loan portfolio guarantee of $50 million from the Dutch Development Finance Fund (FMO) to support SMEs in Kenya. This...
Ivorian banker Tidjane Thiam (pictured) is reportedly launching a special investment vehicle worth $250 million. According to comments relayed by...
Islamic finance assets could reach $3.7 trillion by 2024, according to an estimate by the Islamic Development Finance Corporation and Refinitiv, the...
The Nigerian All-Share Index, which tracks the performance of all companies listed on the Lagos Stock Exchange, soared by 47.3% in 2020, according to data...
Over the 7 operation days closing on Dec 24, the value of Dangote Cement has jumped by 605 billion naira on the Lagos Stock Exchange, data provided by...
At the 6th edition of the African Insurance Awards held on 18 December, Mauritian insurer MUA was awarded Insurance Company of the Year. These annual...
The Board of Directors of the African Development Bank has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for a new...
European private equity firm Charterhouse Capital Partners announced an undisclosed investment in the capital of Vermeg, a banking and insurance software...
The group of intermediaries working on the bond issue currently being carried out by the Moroccan Banque Centrale Populaire (BCP) will share nearly MAD4.5...
The African Development Bank’s Board of Directors on Monday 14 December 2020 approved $15 million from the Sustainable Energy Fund for Africa (SEFA)...
Tunisian investment firm Ekuity Capital and asset manager United Gulf Financial Services-North Africa (UGFS North-Africa) jointly co-invested in the...
Hikma Pharmaceuticals obtained $200 million from the International Finance Corporation IFC to improve its drug distribution service in the MENA...
The shareholders of insurance group Jubilee Holdings approved on Dec 15 the sale of a majority stake between 51% and 66% in the group’s five African...
An economist and development expert, Aissa Touré, the Country Manager designated for Rwanda, a Senegalese national, brings to the Bank over 25 years of...
The leasing company, Arab Tunisian Lease (ATL Leasing), has again contracted a loan with the European Bank for Reconstruction and Development (EBRD). This...
The U.S. investment firm Capria Ventures has entered into an undisclosed strategic transaction with the UAE-based venture capital firm Global...
Kenyan startup Ilara Health, which markets diagnostic equipment to clinics and hospitals in Africa, raised $3.75 million in a deal led by venture...
The Swedish development finance institution, Swedfund, contributed an additional $10 million to African Development Partners (ADP III), a private...
Aerobotics, a South African startup that uses artificial intelligence and drones to help farmers improve their yields and monitor their agricultural...
The aggregate value of restructured loans by commercial banks listed on the Nairobi Securities Exchange, Kenya's capital market, reached KSh1.4 trillion...
Investors & Partners (I&P), which finances and supports startups and small and medium-sized enterprises (SMEs) in sub-Saharan Africa, has invested in...
Since January 2020, the international investment banks posted a total of $84.8 billion in revenues, up 14% compared with that of 2019. They achieved...
While the South African economic data announced an unexpected growth of the gross domestic product during the third quarter of 2020, the main stock market...
Inside Capital, a private equity fund manager targeting high-potential opportunities in the southeast African region will invest $3.1 million in...
In the first nine months of 2020, Ecobank's net income was down 197% compared to the same period in 2019. This underperformance is linked to the way...
US asset manager Everstrong Capital plans to raise nearly $45 million for its investment fund Kenya Infrastructure Fund dedicated to financing a...
U.S. Congress passed a bill that could kick Alibaba group, founded by Chinese billionaire Jack Ma, out of the New York Nasdaq where it is listed. In...

Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

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