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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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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% [...]

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, [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]