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Sendy, an app-based on-demand delivery services platform operating across Kenya, has completed a Series A investment round, led by DOB Equity. DOB Equity will invest alongside CFAO, member of the [...]

CDC Group plc (“CDC”), the UK’s Development Finance Institution, can confirm that it has made a bid to acquire a majority stake in the Zambian company, Copperbelt Energy Corporation (“CEC”). CDC [...]

French independent power producer (IPP) Akuo Energy has secured €78-million in financing to build the 50 MW Akuo Kita Solar Photovoltaic (PV) power plant, in southern Mali. Private sector [...]

African Infrastructure Investment Managers (AIIM) has acquired a minority stake in the Amandi IPP power plant in Ghana. AIIM said its investment in Amandi is financed through its third [...]

The International Finance Corporation (IFC) said on Monday it would extend a seven-year loan of 740 million rand ($62 million)to Mercantile Bank to boost lending to small and medium businesses [...]

Equity injection to bolster new stock exchange ZAR X’s balance sheet and listings pipeline and bolster its black economic empowerment credentials, Johannesburg-based Business Day reports, citing [...]

DEG, a German development finance institution and a subsidiary of KfW Group, has invested €4m in M-BIRR, a cashless money transfer and payment service in Ethiopia. Other investors include the [...]

InfraCo Africa has signed a shareholders agreement with Berkeley Energy, committing $30m of equity investment to the Corbetti Geothermal project, doubling its original commitment of $15m. Alex [...]

Solar firm Azuri has raised Sh411.2 million ($4 million) for expanding its off-grid power product in Kenya and other African countries. UK-based Azuri said this first round of fundraising is part [...]

Telecom operator Bharti Airtel said it received the approval of the Rwanda Utilities Regulatory Authority for its acquisition of Tigo Rwanda Limited, a subsidiary of Millicom International [...]

The Emerging Africa Infrastructure Fund (EAIF) has signed a Participation Agreement with the International Finance Corporation (IFC) to provide a $21m B loan to Central Termica de Ressano Garcia [...]

Injaro Investments is pleased to announce an investment in AviNiger, a poultry farm built with stringent specifications to cater for animal welfare and supply quality consumer eggs to reduce the [...]

• Off Grid Electric to Expand Partnership with EDF in Ghana • Declining solar prices helping bring power to rural areas Off Grid Electric, a San Francisco-based company that develops rooftop [...]

TPG Growth, the middle market and growth equity investment platform of global alternative asset firm TPG, announced today that it has signed a definitive agreement to acquire a majority stake in [...]