Nigeria's Flutterwave Seeks to Increase Valuation to $3 Billion
Nigeria's payments firm, Flutterwave, is in talks with investors, seeking for fresh funding that will triple its valuation to $3 billion or more. However, terms of the funding round haven’t [...]
Kenya, Nigeria, Egypt and South Africa top Investment Destinations in Africa – AfDB Report
Kenya Egypt, Nigeria and South Africa accounted for more than 80 per cent of investment into Africa, according to a report by African Development Bank (AfDB). The four countries also [...]
Why Kenya Leads the World in Grassroot Crypto Adoption 2021 Report
Crypto currencyadoption inAfricais growing rapidly, with the six countries from the continent among the top 20 countries according to a recent report. The recent report seeks to provide an objective [...]
Opinion; New global tax rules will help address imbalances in tax revenue in Africa
One hundred and thirty six of the 140 members of the OECD G20 Inclusive Framework, including South Africa, have agreed on a new set of global tax rules that will [...]Air Tanzania Begins Direct Flights to Nairobi
Air Tanzania has announced plans to launch direct flights will launch direct flights to Nairobi, Bujumbura and Lubumbashi in November this year. The airline says it will operate two daily [...]Cellulant picks Akshay Grover as its New Group CEO
Cellulant, a Pan-African payments company with its head offices in Nairobi has appointed Akshay Grover as the Group CEO and Director with effect from October 1st 2021. The appointment follows [...]Podcast; The State of Blockchain in East Africa with cLabs Regional Ecosystem Leads
In partnership with BitcoinKe, we recently interviewed Umar Bukenya Sebyala, Uganda Ecosystem lead at cLabs and Daniel Kimotho, Kenya Ecosystem Lead at cLabs, a member of the Alliance for Prosperity [...]The rise of African tech unicorns
African unicorns have made big news in recent months, with four startups having recently reached a $1 billion valuation or more this year alone, taking the total up to seven. [...]Sub-Saharan Africa Pandemic Induced recession will end in 2021 World Bank
Sub-Saharan Africa is set to emerge from the 2020 recession brought about by the COVID-19 pandemic with growth expected to expand by 3.3 percent in 2021, one percent higher than [...]Tesla installs 8 charging stations in Morocco, first in Africa
American Electric car manufacturer Tesla Inc has installed its first charging stations in Morocco, the first in Africa. Four supercharger stations were installed in Tangier, a Moroccan port on the [...]AfDB to Invest $7 Billion in Trade within the AfCFTA
The African Development Bank (AfDB) said it will support trade valued at $7 billion over the next five years in a bid to spur the growth of the African Continental [...]Africa Focused PE Firm DPI secures US$1.15 billion to invest in innovative companies
Africa focused private equity firm Development Partners International (DPI) has announced that its African Development Partners III Fund (ADP III), has surpassed its US$800 million target, and is set to [...]
