news

The Danish SDG Investment Fund, managed by IFU, has invested DKK45m ($6.67m) in Africa Education Holding, which offers affordable high-quality programmes in labour market relevant studies of [...]

Verod Capital Management (Verod), a leading West African private equity firm, has received regulatory approvals for its acquisition of 100% of the shareholding of Metropolitan Life Insurance [...]

Toronto-based Ecopia Tech has received $6.5 million to digitally map sub-Saharan Africa by converting high-resolution images of the real earth into high-definition vector maps. With financial [...]

Yasser Agiba, member of the board of directors of MEDAF Investments Holding, said that his company aims to gain a market share ranging between 30 to 50% of the electronic payment (e-payment) [...]

People are our everything. I’m incredibly excited to announce today that we’ve raised $1.6 million pre-seed investment funding with participation from Startupbootcamp, Haresh Aswani of the [...]

Chipper Cash, a Ugandan mobile money payment firm based in Silicon Valley, has partnered with Paystack, a Nigerian fintech startup providing payment tools to businesses across Africa, to expand [...]

South African based venture capital firm Vunani Capital has announced its recent investment into SnapnSave through the Vunani Fintech Fund. The investment amount and valuation was not disclosed. [...]

African Rainbow Capital Investments Ltd is in advanced talks to complete a deal in the South African asset- management industry that could be worth about 800 million rand ($54.8 million). The [...]

De Raj Group AG has entered into an agreement to acquire an asset in water recycle / reuse space in Namibia. Construction of this asset was completed 4 years back and currently it is treating and [...]

Saved from collapse last year after a R2.7bn facility with lenders, Edcon has been looking to sell some of its non-core businesses to stay afloat. Under the transaction, SSCG will buy 100% of [...]

Ghana-based incubator Meltwater Entrepreneurial School of Technology has invested $1.1 million in 11 tech startups that formed part of its 2019 cohort. Meltwater is a training program, seed fund, [...]

Kenya’s biggest bank by market value plans to acquire a controlling stake in Banque Commerciale du Congo, according to an emailed statement, it’s second purchase in the Democratic Republic of [...]

The investment will be used to launch Moneybaba’s service in Africa Duet Private Equity and EMEA Capital have invested an undisclosed sum in fintech business Moneybaba. UK based Moneybaba is an [...]

Colgate-Palmolive Co. acquired a majority stake in Hypo Hygiene Products Ltd., a Nigerian unit of Tolaram 2000 Ltd., according to the Singapore-based company. Tolaram sold the 51% stake in Hypo, [...]