EAC Unveils Online Portal to Boost Trade
The East African Community (EAC) has unveiled a digital portal, seeking to deepen trade and lower the cost of doing business in the region. The platform, dubbed the Mansa digital [...]
OikoCredit Opportunity International Partner for $100 Million Education Fund
OikoCredit and Opportunity International have partnered for a $100 million education fund over the next three years, aimed at increasing access to education for children from low-income families. The program [...]Twiga Foods Raises KSh 5.5 Billion to Fund Expansion Drive in Africa
Twiga Foods, a Kenyan agri-tech firm, has announced a US$50 Million (KSh 5.5 Billion) Series C round to scale its efforts in Kenya and other neighbouring countries. It targets to [...]
Stephen Chege Appointed Vodacom Group Chief External Affairs Officer
Safaricom Plc Chief Corporate Affairs Officer Stephen Chege has been appointed as Vodacom Group Chief External Affairs Officer effective 15th November 2021. Reporting to Vodacom Group CEO Shameel Joosub, Steve will take up the [...]Tanzania Raises Stake in Shelter Afrique to 1.72%
Tanzania has paid its outstanding capital contribution of $407,284.97 to Shelter Afrique, bringing the total to contribution to $3.1 million, and raising its stake in the firm from 1.54% to [...]Nigeria's Autochek Secures $13.1 Million Seed Funding
Nigerian automotive technology company Autochek, which facilitates auto financing across Africa, has today secured $13.1 Million in seed funding. The round was co-led by follow-on investors, TLcom Capital and 4DX [...]Africa Investment Forum Plans on KSh5 Billion Vaccine Plant in East Africa
The African Development Bank (AfDB) and its partners under the Africa Investment Forum are considering the establishment of a KSh5 billion vaccine plant in East Africa. This will be part [...]Nigeria unveils the eNaira Central Bank Digital Currency
Nigeria has launched its Central Bank Digital Currency(CBDC) at State House in Abuja, a function that has been officiated by President Muhammadu Buhari. The unveiling of the eNaira is a [...]The King of Spacs’ Chamath Palihapitiya is Visiting Kenya, Ghana, Nigeria
Silicon Valley venture investor Chamath Palihapitiya, whose bets on blank check acquisition companies earned him the nickname of King of SPACs has announced he will be making his maiden visit to [...]
E-commerce platform Alsoug secures $5 million in Sudan's first foreign tech investment
Alsoug, a digital marketplace in Sudan, has raised $5 million to build a national payments network enabling quick, easy and safe transactions for the citizens of Sudan. The fundraising round [...]Boost for Air Tanzania as Govt Orders 5 More Aircraft
Tanzania's flag carrier, Air Tanzania, is set to receive 5 more aircraft, after the government made a down payment of $258.7 million for the purchase, expected to be delivered before [...]Kenya's Position Drops in Absa Africa Financial Markets Index 2021
Kenya’s financial market attractiveness in Africa fell in rankings to 11th position in 2021 compared to position 7 in 2020 and 3rd position in 2019, this is according to data [...]
