Shelter Afrique Receives an Additional $3.5 Million Investment from Cameroon
Shelter Afrique has received an additional capital contribution amounting to $3.5 million from the Government of Cameroon, raising the country's shareholding from 3.61% to 5.24%. Earlier in July this year, [...]
IMF Approves $700 Million Loan for Cameroon
The International Monetary Fund (IMF) has approved a $700 million loan for Cameroon, to help the country recover from effects of the global COVID-19 pandemic and pursue reforms. The lender's [...]Ethiopia to Reopen Bidding for Second Telecom Licence in August 2021, Including Mobile Money Rights
Ethiopia will reopen bidding for its second telecom licence later in August 2021, which will extend to the right to operate mobile money services in the country earlier not available [...]African Securities Exchanges Procure Software to engage in Cross-Border Trading
African Securities Exchanges that include some of the most vibrant and biggest bourses in the continent have moved a step closer to doing linking up their trading floors to enable [...]
Airtel Africa Q1 Net Earnings Up 148.7% to US$ 142 Million
Airtel Africa, a telecommunications and mobile money provider in 14 countries in East Africa and Central and West Africa, Net Earnings more than doubled to US$142Million, up 148.7%, for the [...]IBM picks Saad Toma as General Manager for the Middle East, Africa
International Business Machines(IBM), a US multinational technology company headquartered in Armonk, New York, with operations in over 170 countries, has named Saad Toma as its new General Manager for the [...]SWVL Eyes Nasdaq Listing After a $1.5 Billion SPAC Merger Deal with Queen's Gambit
Egyptian ride-sharing company SWVL is planning to list on the Nasdaq after entering a definitive agreement with Queen's Gambit Growth Capital to combine their businesses in a merger transaction valued [...]Acumen Secures $58 Million to Support Smallholder Farmers in Africa
The impact investment company, Acumen, has secured $58 million through its Acumen Resilient Agriculture Fund (ARAF). The funds will go to companies that support small scale farmers to adapt to [...]
Cyber Attacks in Kenya rise 59% in Q2, 2021
Cyber Attacks in Kenya recorded a significant increase in the banking and financial sector in Q2 2021 compared to Q1, 2021, at 59%. This is according to the latest research [...]CMA Partners with Mauritian Regulator to Strengthen Compliance
Kenya's Capital Markets Authority (CMA) has signed an agreement with the Financial Services Commission (FSC) Mauritius to strengthen compliance in the Kenyan and Mauritian capital markets. Through the partnership, the [...]French Telco, Orange, Shows Interest in Ethiopian Telecommunications Firm
The French-based telecom company, Orange, has expressed interest in purchasing some shares in Ethio-Telecom, Ethiopia's state-owned telecommunications company. The Ethiopian mobile phone company is in the process of privatising its [...]Kibo Capital Partners offloads its Shares in IM Rwanda
Kibo Capital Partners, the Mauritius-based private equity fund, has sold its shares in IM Rwanda to Egide Gatera, a business magnate, assisted by Enexus Finance. Established in 1963 as Banque [...]
