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InterCement Participações SA, one of Latin America’s largest cement producers, plans an initial public offering of its operations in Europe and Africa early next year, two sources with [...]

SunFunder announced today the close of a $20 million debt financing facility with a values-aligned family office for ZOLA Electric (“ZOLA”), Africa’s leading renewable energy brand formerly known [...]

Sococim Industries (Vicat group) has entrusted Urbasolar with the construction of a 7 MWp solar power plant destined to supply power to its Rufisque cement works in Senegal. This investment, an [...]

East Africa’s largest organic fertiliser factory is set to open in the eastern district of Tororo in October. Sitting on a 600-acre piece of land, the Guangzhou Dongsong Energy Group-owned [...]

Egypt’s Ministry of Trade and Industry announced a plan to stop exporting Egypt’s natural materials raw, instead requiring the re-manufacturing of materials to increase the value chain. [...]

Construction of Mauritian firm Quantum Power East Africa’s 35-megawatts Menengai geothermal power plant has received a major boost after signing of a financing deal with African Development Bank. [...]

It will create the largest mid-tier accounting firm in the country. BDO South Africa has announced it will merge with Grant Thornton Johannesburg later this year. The merger follows BDO’s [...]

Madagascar’s leader and the acting president of the Common Market for Eastern and Southern Africa (Comesa) Hery Rajaonarimampianina has welcomed Tunisia to the regional bloc. The northern African [...]

EDF invests in convertible bonds that would convert into 20%-30% of equity in Kenyan startup SunCulture, the French company says in an emailed statement. * SunCulture develops affordable [...]

Partners Group and Convergence Partners have established Helical Capital Partners, a private markets firm that will provide the South African investor community with access to a diversified, [...]

Francophone social impact fund Gaia has made an investment in Senegalese solar startup Oolu, a graduate of Silicon Valley-based tech incubator Y-Combinator. The investment amount was not made [...]

STANBIC Bank Zambia has become the first bank in the country to receive an insurance brokerage licence from the Pensions and Insurance Authority (PIA). The licence gives Stanbic Insurance Brokers [...]

EFG Hermes, a leading financial services corporation in frontier and emerging markets (FEM), concluded today its advisory to international microfinance lender ASA International (ASAI) on its GBP [...]

Shenzhen KangMingSheng Technology Industry, a Chinese firm, is planning to site a manufacturing plant for solar-powered equipment in Nigeria. Its subsidiary, Kamisafe Nigeria, announced in Abuja [...]