TotalEnergies Signs Renewable Energy Deal with Uganda
TotalEnergies has signed a renewable energy deal with Uganda that will see the company explore opportunities and develop renewable energy projects in response to the global push for clean energy. [...]
Egypt's Brimore Raises $25 Million in Series A Funding Round
Egypt's social comerce startup, Brimore, has raised $25 million in its Series A round of funding, led by the International Finance Corporation (IFC), and Endure Capital. Other investors who took [...]MTN's Group Public Offer in MTN Nigeria oversubscribed by 139.47%
The Series 1 offer for sale sharesof 575 million shares held by MTN Group in MTN Nigeria to Nigerian investors has beenoversubscribed by 139.47%. While announcing the completion of the [...]
Norrsken, VCs 30 Unicorn Founders set up $200 Million Fund for Startups in Africa
Norrsken Foundation has teamed up with thirty unicorn founders and a couple of venture capital and private equity investors to launch a $200 million fund targeted at growth-stage African startups. [...]Nigeria's Bamboo Raises $15 Million in Series A Funding Round
Nigerian fintech startup, Bamboo, has raised $15 million in its Series A round of funding, seeking to accelerate its growth, move into new markets and launch more products. Investors who [...]Airtel Africa Joins FTSE 100 Index
Airtel Africa is set to join the FTSE 100 index on Monday, 31st January 2022. The Financial Times Stock Exchange 100 Index, is a share index of the 100 companies listed on the London Stock Exchange with [...]Tanzania's NALA Raises $10 Million in its Seed Round of Funding
Tanzania's cross-border payments fintech startup has raised $10 million in its seed round of funding, seeking to expand across Africa in 2022. Investors who took part in this round of [...]EAC Plans to Double its Fruit Vegetable Exports to $900 Million
The East African Community (EAC) gas announced plans to double its fruit and vegetable exports to $900 million in the next eight years. In its 2021-2031 strategic plan, the Community [...]Shanta Gold Production Rises by 7% in 2021
Shanta Gold, East Africa-focused gold producer, recorded a 7% increase in its gold production in 2021, hitting 834,607 tonnes. With its African assets, including New Luika Gold Mine, Singida Project [...]Bboxx, UK firm gets a $ 5.5 Million Loan to Roll Out Clean Energy Solutions in Sub-Sahara Africa
Bboxx, a U.K based company has received a loan of$ 5.5 Million loan from the Africa Go Green Fund for Renewable Energy and Energy Efficiency (AGG), to roll out its [...]
Savannah Cement to float KSh 39.7 Bond on London Stock Exchange for Clinker Project
Savannah Cement plans to raise $350 million (KSh39.7 billion) via a bond on the London Stock Exchange (LSE) to build a clinker production plant. The firm has been relying on [...]Safaricom Ethiopia Plc is Building a $ 100 Million Data Centre in Addis
Safaricom Ethiopia Plc is building a $ 100 million data centre in Addis Ababa. The structure was assembled in China before making its way to the capital Addis via Djibouti. [...]
