Rwanda has introduced a new five-year FinTech strategy to become a regional financial services hub. The plan, covering 2024 to 2029, focuses on boosting the… Read More »Rwanda Launches Five-Year Plan to Become FinTech Hub
Sawari Ventures, an Egypt-based venture capital firm, will launch its second fund, “Sawari Ventures II,” in early 2025. The firm aims to raise $200 million… Read More »Sawari Ventures to Launch $200 Million Fund in Early 2025
IHS Towers, Africa’s largest telecom tower company, has secured a $439 million loan to strengthen its operations. The loan will help manage currency risks and… Read More »IHS Towers Secures $439 Million Loan to Refinance Debt and Manage Currency Risks
Invest Africa and British International Investment (BII) will host a forum focused on promoting inclusive development in South Africa. The event, titled “Impactful Investing for… Read More »Invest Africa to Host Forum on Impactful Investing for Inclusive Growth in South Africa
The Milken Institute and Motsepe Foundation have revealed the 10 teams advancing to the Semifinalist Round of the Milken-Motsepe Prize in FinTech. Each team will… Read More »Milken Institute and Motsepe Foundation Announce Semifinalists for $2M FinTech Prize
Grid Africa has received an equity investment of R50 million ($2.8 million) from Rifuwo Energy Partners. This funding aims to boost the development of renewable… Read More »Grid Africa Secures R50 Million Investment to Drive Solar Energy in South Africa Amid Rising Energy Costs
Endeavor South Africa has secured R190 million in the first close of its R500 million Harvest Fund III. This exceeds its initial target of R150… Read More »Endeavor South Africa Raises R190 Million in First Close of Harvest Fund III
Citi and Mastercard have announced a new collaboration aimed at simplifying cross-border payments. Using Citi’s WorldLink Payment Services and Mastercard Move, Citi clients can now… Read More »Citi and Mastercard Join Forces for Faster Cross-Border Payments
IFC, a member of the World Bank Group, and South Africa’s Absa Group Limited have announced a $50 million commodity trade finance facility for Valency… Read More »IFC and Absa Partner to Provide $50 Million Finance Facility for African Farmers
The African Development Bank Group has appointed Mrs. Marie-Laure Akin-Olugbade as Senior Vice President. Her appointment took effect on October 4, 2024. Mrs. Akin-Olugbade, a… Read More »Marie-Laure Akin-Olugbade Appointed Senior Vice President of African Development Bank Group