Power Africa reaches a deal with Africa50 to raise funds for the electricity sector in Africa. The collaboration will also focus on the development of innovative public-private partnership models in sub-Saharan Africa. “Energy generation and transmission are among the most pressing infrastructure needs in Africa, with important economic multiplier effects. To successfully develop energy sector...

Venture capital company CVentures made its first investment since it launched activities in December 2018. Along with Algebra Ventures and ASI Ventures, the company co-injected $1 million in the Egyptian heath tech startup Yadowy, a start-up company founded in 2018 by Karim Khashaba, Sherief El-Feky, and Yasser AbdelGawad. The start-up, which allows users to order medicines and...

It was deals that brought participants to the 2019 Africa Investment Forum and they were not disappointed. The second Forum ended on a high note Wednesday, with 56 boardroom deals valued at $67.6 billion tabled - a 44% increase from last year. Fifty-two deals worth $40.1 billion secured investor interest compared with $37.8 billion dollars last year. During the 2018 edition of...

The Tunisian Stock Exchange (BVMT) experienced its lowest transaction value in the third quarter of 2019, since the fourth quarter of 2017, we learned. The value of transactions carried out on the market over the three months ending at the end of September was TND258 million, down for the third consecutive time since the beginning of the year. Tunindex, the benchmark index for all companies in...

The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent.  EIB Vice President, Ambroise Fayolle (photo), also revealed that the bank has signed three further agreements to boost sustainable development on the continent.  But the major deal is what the EIB has dubbed SheInvest. The EIB expects the gender-lending...

The African Development Bank, Credit Suisse AG, the Industrial and Commercial Bank of China Limited and Ghana Cocoa Board (COCOBOD) signed a $600 million syndicated receivables-backed term loan on Tuesday, to boost cocoa productivity in Ghana - the world’s second-largest cocoa producer. Ghanaian President Nana Addo Dankwa Akufo-Addo, the President of the African Development Bank...

Africa has the potential to expand the continental economy fourfold, with energy demands expanding by only 50 percent, according to a new report. The International Energy Agency (IEA) unveiled its report on the first day of the second African Investment Forum in Johannesburg, South Africa. Africa Energy Outlook 2019 found that the continent’s future energy prospects look bright, but only if...

The suspension of fifty-three fund managers by Ghana’s Securities Exchange Commission (SEC) has put about 70,000 investors at risk of losing a total of 8 billion cedis (about $1.4 billion). The regulator explained that the suspended managers pumped the money into unprofitable investments. For the time being, the coverage and guarantees provided by the government cover bankruptcy risk of...

On November 12, Power Africa and Africa50 signed a memorandum of understanding for a new partnership focused on attracting power sector financing and developing innovative public private partnership models in sub-Saharan Africa. Africa50 will be the nineteenth development partner to join the Power Africa initiative.  This new partnership between Power Africa and Africa50 provides a...

The Africa Investment Forum is making phenomenal progress in attracting interest from all over the world since launching at the Sandton Convention Centre last year. The value of boardroom transactions which will be negotiated this year will be considerably higher compared to $43bn in 2018.  A hundred and nine countries are represented at this year’s conference, 61 of which are not...