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Social impact investor Oikocredit acquires minority stake in Credit Bank

Social impact investor Oikocredit has acquired a minority stake in Credit Bank after inking a Sh1 billion equity investment deal. The bank intends to use the funding to grow its Small and Medium [...]

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Mitsubishi leads Series D round in off-grid company in Africa

Mitsubishi Corporation, a global integrated business enterprise headquartered in Japan, has led a $50m Series D funding round into BBOXX, a next generation utility company. The participants in [...]

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UACN, Imperial Logistics seal $40m shares acquisition deal

NIGERIA’s oldest surviving and largest conglomerate, UAC of Nigeria (UACN) Plc and South African leading logistics provider, Imperial Logistics Limited have entered into a share acquisition [...]

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Zaad Concludes Agreement to Acquire 40% Stake in E. African Seed Co

Zeder is an active investor in the broad agribusiness and related industries. Its portfolio consists of strategic interests in leading companies that provide it with a diversified exposure across [...]

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Coca-Cola Beverages Africa acquires 60% of Eswatini Beverages

Coca-Cola Beverages Africa (CCBA) has acquired a 60% interest in soft drinks business Eswatini Beverages. The remaining 40% interest in the company is owned by Tibiyo TakaNgwane – a Swazi [...]

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SA’s Standard Bank targets small shop owners in fintech deal

South Africa’s Standard Bank has taken a stake in local fintech firm Nomanini to offer credit to potentially millions of small shop owners and other informal retailers across Africa that have [...]

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9mobile of Nigeria Gets $230 Million Africa Finance Corp Credit

Africa Finance Corporation approved a $230 million loan for Nigerian phone company 9mobile to finance business expansion. To be released in two tranches, the funds will be used “to repay historic [...]

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JSE to Buy 74.85% of Link Mkt Services S. Africa for 224.5m Rand

JSE Ltd. to acquire 74.85% of Link Market Services South Africa from Link Australia subject to regulatory approvals. * Link SA’s black economic empowerment partner will retain its existing 25.15% [...]

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Tastemakers raises $1.4M to sell Africa experiences to the world

New York based startup Tastemakers has raised a $1.4 million seed-round—led Precursor Ventures—for its business that connects Africa adventures to global consumers. Tastemakers’ platform curates, [...]

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Palladium announces $40m impact investment fund for Sub Saharan Africa

Global consultancy firm Palladium has announced its first impact investment fund to bridge the financing gap for small businesses in sub-Saharan Africa. The “Palladium Impact Fund I” is expected [...]

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Pan-African incubator MEST has a new MD and 11 fresh startup investments

Pan-African incubator MEST announced investments in 11 startups from its 2019 cohort that will each receive $100,000 in financing. The $1.1 million backing for a graduating class is the largest [...]

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Kenyan diagnostics firm Ilara Health gets Sh75.8m funding

Nairobi-based healthcare diagnostics company Ilara Health has raised Sh75.8 million in seed funding from local and foreign venture capital firms for local expansion. Founded last year, Ilara [...]

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DOB Equity, GIF and Unilever co-invest in Mr. Green Africa

DOB Equity, a Dutch family-backed impact investor in East Africa, and Global Innovation Fund (GIF), in partnership with Unilever, have co-invested in Mr. Green Africa, the Nairobi based recycler [...]

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DTRT Apparel Announces Investment From Verod Capital and Red Bull

West Africa’s largest clothing manufacturer, DTRT Apparel Ltd (DTRT), today announced a major investment from leading investment firm Verod Capital Management and Red Bull GmbH, in a [...]

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