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Energy Access Ventures (EAV), an investor in smart infrastructure in Africa, and ElectriFI, a flexible financial facility funded by the EU, have co-invested in Solarise Africa, a pan-African [...]

Danone increased its stake in Fan Milk International to 100% after transaction on July 30, the dairy product manufacturer’s Accra-based unit says in statement emailed by Ghana Stock Exchange. * [...]

A subsidiary of MTN Nigeria has been awarded a licence by the country’s central bank that would allow it to provide financial services, the telecoms firm said on Monday. Nigeria announced last [...]

Funding for so-called fourth phase of gas-fired Azito power plant to be provided by nine institutions, including IFC, Proparco and West African Development Bank, according to company statement in [...]

South African insurer Momentum Metropolitan is to acquire the short-term insurance business of financial services group Alexander Forbes for around 1.94 billion rand ($138.68 million), the two [...]

Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan Africa, announces the acquisition through its third fund, MC III, of [...]

Old Mutual to invest in transport, power and energy projects across sub-Saharan Africa Old Mutual raised $320 million through its African Infrastructure Investment Managers (AIIM) fund to invest [...]

AJ Capital and Investment LLC (AJCI), a Dubai-based private equity firm, inked a deal Thursday for a majority stake in Kenyan start-up micro-insurer, Insurance For All (IFA) Ltd, for undisclosed [...]

XSML has announced an investment, through its African Rivers Fund, in Ice Industries (ICE), a producer of flake ice, which is used mainly to keep fresh produce cold and is an essential element [...]

VertoFX, an Africa and emerging markets-focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London-based company, with a [...]

African international schools network Enko Education just announced the closing of a 1.4 million dollars funding round from a pool of private and institutional investors. The transaction was [...]

AHL Venture Partners, a leading impact investment firm in East Africa, has today announced, acting as lead investor, an equity investment in a Kenyan company, Crop Nutrition Laboratory Services [...]

Having sustained an impressive compound annual growth rate (CAGR) of 7% over the past decade, Tanzania now boasts the third-largest economy in East Africa, following Ethiopia and Kenya [...]

Investec Asset Management, via its pan-African private equity fund, has bought a controlling stake in supermarket chain Spinneys Egypt. “The business is one of the leading grocery retail players [...]