The China Development Bank (CDB) entered into a $400-million financing deal with the African Export-Import Bank (Afreximbank) Monday to support small and medium-sized enterprises (SMEs)… Read More »Afreximbank, China Development Bank Sign $400M Financing Deal for SMEs in Africa
The United States has announced a partnership with Kentaste, a Kenyan coconut processor in a project aimed to enhance coconut processing in Kenya. The US… Read More »US Govt to Invest $1.6M in Kenya’s Coconut Industry
Kentegra, a Kenyan-US biotech firm has secured $15 million funding in equity from Finnish financier, Finnfund in collaboration with USA’s International Development Finance Corporation (CDC).… Read More »Kenya’s Biotech Kentegra Raises $15M Equity Fund to Boost Pyrethrum Production
AMEA Power, a prominent renewable energy firm based in Dubai, has signed a 25-year power purchase agreement (PPA) with the government of Djibouti for a… Read More »Dubai’s AMEA Power Signs Deal with Djibouti for 25MW Solar PV Plant
Glamera, an Egyptian tech startup that helps beauty service providers manage their businesses effectively and connect with clients, has secured the Software Point of Sale… Read More »Egypt’s Beauty Services Booking Platform Glamera Secures Pass to Saudi
Kenyan startups received $520 million in funding in the first half of 2023 to overtake Nigeria as the country with the highest startup funding in… Read More »Kenya Beats Nigeria in Value of Startup Funding in H1 2023
The International Finance Corporation (IFC) has issued a $10 million bond to Zambia to support the country’s domestic capital markets. According to IFC, the bond… Read More »IFC Issues Second Bond to Support Zambia Capital Markets
The 2023 Ecobank Fintech Challenge witnessed over 1,400 fintech startups from 64 countries in Africa and beyond going for top honours. This edition represents the… Read More »Ecobank Fintech Challenge Picks 8 Startups Out of 1,400 Applicants
LemFi, a Canada-based fintech that allows Africans in the diaspora to send money back home and vice versa, has raised $33 million in a Series… Read More »LemFi Raises $33 M Series A Funding, Eyes Global Expansion
The Competition Authority of Kenya (CAK) has approved a move by Moniepoint, a Nigerian fintech company, to acquire a 100% stake in Kopo Kopo, a… Read More »Moniepoint Gets Nod to Acquire Kenyan Fintech Startup Kopo Kopo