Sanlam, South Africa’s second biggest life insurer, on Wednesday said it had set aside R3 billion ($279.8 million) for growth prospects in Africa and South East...
Private equity investors have always celebrated the investment opportunities in consumer goods, financial services and telecommunications; obvious strategic plays on Africa’s growth and emerging middle class....
The International Finance Corporation (IFC) has launched its inaugural “Umuganda” bond by signing a deal worth over $29 million with AB Bank Rwanda, Urwego Opportunity Bank,...
Nigeria’s leading distributor of industrial and household power generators, Mikano International has linked up with French-based electricity solutions conglomerate, Schneider Electric, following an agreement that will...
Kenyan car manufacturing startup Mobius has gotten an undisclosed capital from American billionaire Ronald Lauder, which would help it deliver on its promise to produce Africa’s...
Assmang, a metal company owned by Assore and African Rainbow Minerals (ARM), has signed a share subscription agreement to acquire 19.9 percent equity interest in Australia-based...
South Africa and China are in talks for the establishment of a joint science and technology industrial park that will stimulate high-tech manufacturing industries in the...
Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated (ETI) has signed a 10 year partnership with e-payment service provider, Mastercard for the issuance of debit cards...
Savannah Fund, a Nairobi-based venture capital Fund, has made another round of investment in three African startups – Ghana’s BIGxGh, Nigeria’s UniSmart and Zevan Limited from...
Indigenous oil and gas firm, Seplat has spurred the Nigerian Stock Exchange (NSE) market capitalization by 2.23 percent, following the launch of its IPO. Seplat’s IPO,...
Following the recent GDP rebase which saw Nigeria displace South Africa as Africa’s largest economy, global financial rating firm Moody’s has forecast exponential growth in Nigeria’s...
United Bank for Africa (UBA) has decided to slow down on its aggressive expansion across Africa with the aim of consolidating operations in 19 different countries,...
A real estate boom is a natural byproduct of emerging market growth via rapid urbanization and expanding middle classes. As growth moderates, particularly as seen in...
Regus, a multinational corporation that provides flexible workplaces and serviced office accommodation, has opened its first center in Gaborone, Botswana, creating new business opportunities within the...
As part of its 4Africa initiative, software giant, Microsoft Inc. has launched its “MySkills4Africa” training program which will help equip about 200,000 African professionals with technical...
Nigeria’s First City Monument Bank (FCMB) Group plans to invest $200 million in the country’s power sector as it seeks to support private investors in the...
