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 [...]IFC Invests Nearly KSh 81 Billion in Africa's Telecoms, Media Tech Sectors
The International Finance Corporation (IFC) has announced that it invested over $1 billion (KSh108 billion) in the telecoms, media and technology (TMT) industry in emerging markets in the last fiscal [...]Diaspora Remittances Jump to $1.75 Billion in First Half of 2021
Hundreds of thousands of Kenyans working abroad sent home record amounts of remittances to their families from January to June this year. Diaspora remittances in the first half of 2021 [...]IFC Invests $1.2 Million in Tanzania's Corporate Bond
The International Finance Corporation (IFC), the private sector investment arm of the World Bank, on Thursday ploughed in $1.2 million (KSh129.8 million) in a five-year corporate bond issued by the [...]Linkham Group Completes Acquisition of Stake in Resolution Insurance Kenya
Linkham Group, a Mauritius headquartered global insurance services firm, has confirmed the completion of its acquisition of a majority stake in Resolution Insurance Kenya. The deal will see Linkham Group [...]Africa's Challenges in Attracting Investment Capital
Africa has remained the least attractive to investors compared to other emerging markets despite its huge untapped potential. According to research by Rwanda Finance and Africa Legal, concerns around security, [...]M-KOPA Solar Expands into Nigeria
M-KOPA Solar, the world’s leading pay-as-you-go energy provider to off-grid homes, and which also offers underbanked customers finance to acquire smartphones, solar lighting, TVs and domestic appliances, has expanded into [...]
