Africa-focused private equity firm Development Partners International (DPI) has sold part of the share it holds in fast food group Food Concepts for an undisclosed amount. The London-based private equity firm will retain a majority stake in the company, which operates in Nigeria and Ghana under the "Chicken Republic," "PieXpress," and "Chop Box" brands. DPI sold its 31% stake to African Capital...

After it negotiated the restructuring of its debt with public creditors, Chad began talks with private partners. Oil group Glencore, one of these partners, already reached a debt restructuring agreement with N'Djamena in 2018. The World Bank is calling on Chad's private creditors to accelerate their efforts to help the country deal with its debt. The information was made public in a statement...

Access to a traditional bank account remains difficult for a large segment of the population in Africa, which does not facilitate international transfers of funds from one bank account to another. Today, mobile money is an alternative to bank accounts and an asset to facilitate money transfers in Africa.   MTN Congo is the leader in mobile money in Congo-Brazzaville, which offers these...

The German government will contribute €100 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. The announcement came during the United Nations High-Level Dialogue on Energy, held in New York on 24 September as part of the UN...

Africa is increasingly positioning itself as a stronghold of the global cryptocurrency market. With increased investment in the continent's exchange platforms, this momentum is expected to continue. Pan-African cryptocurrency exchange platform Yellow Card announced it has closed a $15 million Series A funding round to pursue its expansion  in Africa and launch new products. Since it...

Birimian, the first operational investment company dedicated to African luxury and premium heritage brands, has selected the finalists of its first call for applications (see list below). These finalists will join the acceleration program IFM- Birimian Accelerator x Africa, in partnership with Institut Français de la Mode (IFM). The designers selected will also be highlighted at the Première...

After more than three weeks as head of Guinea, Colonel Mamady Doumbouya wants to comply with the new Transition Charter. He will be officially sworn in as president by the Guinean Supreme Court tomorrow. The head of Guinea's ruling military junta, Mamady Doumbouya (pictured), will be sworn in on Friday, October 1. The announcement was made on September 29, on national television. Mamady...

In its recent new white paper, the World Economic Forum (WEF) highlights the importance of directing current and future funding to cleaner energy solutions. The paper was written in collaboration with Deloitte. The “Financing the Future of Energy” report identifies financing options to accelerate Africa's energy transition and reduce carbon emissions. “The entire continent remains...

In its recent new white paper, the World Economic Forum (WEF) highlights the importance of directing current and future funding to cleaner energy solutions. The paper was written in collaboration with Deloitte. The “Financing the Future of Energy” report identifies financing options to accelerate Africa's energy transition and reduce carbon emissions. “The entire continent remains...

ABCHealth in collaboration with UNECA and NIH gathered African leading health experts, business visioners and development institutions to collaborate on a path for universal health for Africans, during UNGA76 week. The Africa Investment Summit on Health has been hailed as the long-awaited continental effort to galvanize cohesive actions that will help scale and achieve capacity in the African...