Nigeria Invests $ 29.3 Million in Shelter Afrique
Nigeria has committed US$29.3 Million to Shelter Afrique, lifting it to be the second-largest shareholder in the institution, with 14.77% of the shareholding, behind Kenya's 14.87% stake and ahead of [...]
JSE to Acquire Link Market Services SA
The Johannesburg Stock Exchange (JSE) has received approval from South Africa's Competition Tribunal to purchase a majority stake in Link Market Services Limited SA. However, the tribunal's approval is subject [...]Ethiopian Airlines in Talks to Support South African Airways Out of 5 Months of Dormancy
Ethiopian Airlines is in talks to help South African Airways to return to the skies after five months of dormancy. Part of the negotiations includes taking a stake in the [...]
Investors Oversubscribe to Mdundo.com's Denmark IPO by 111%
Private and professional investors oversubscribed to Mdundo.com's listing onNasdaq First North Growth Market Denmarkby 111%. The music download and streaming service received subscription orders worth DKK 84.3 million ($13.4M) against [...]CredoLab Raises $7 Million for African Expansion
CredoLab has raised $ 7 million in Series A funding led by GBG, Walden International, and Access VC. CredoLab launched in Kenya, Nigeria, and South Africa in 2019 and intends [...]
Pandemic Pushes Young African Women to Adopt Bitcoin Paxful
The onset of COVID19 and the declaration as a global pandemic saw global markets plummet threatening investment and plunging people into financial distress. Furthermore, the prolonged lockdown periods across African [...]Nigeria Sets a $13 Million Minimum Capital Base for Mobile Money Licenses
The Central Bank of Nigeria has set a $13 million minimum capital base for any payment service banks looking to get mobile money licenses; a move that is likely to [...]All Set For the Africa Regional Leading Women in Banking e-Conference
The Kenya Bankers Association (KBA) is set to convene the Africa Regional e-Conference for Leading Women in Banking and Finance from 15th to 16th October 2020. The virtual summit will [...]Ghana to Resume International Travel on September 1
Ghana will resume international travel on September 1 after closing its skies since March. The country will require entrants to present a negative test for -COVID-19, taken in the past [...]Kenya Nigeria Lead as Bitcoin Trading Volumes Hit All-Time High in Africa
Bitcoin peer-to-peer (P2P) trading volume in Africa hit an all-time high in August according to publicly available data from leading peer to peer exchanges. Since March when most countries began [...]Weekly Deals Digest; Aug 19th – 25th 2020
In this third issues of the Weekly Deals Digest, we cover the deals in emerging markets like Argentina, India and Mexico. We also have tidbits from Africa and the rest [...]U.S Cuts $130Million in Foreign Aid to Ethiopia over Disputes on the Nile dam Project
Earlier this week, U.S. Secretary of State Mike Pompeo approved the Trump administration plans to withdraw some foreign aid to Ethiopia as the United States mediates tension over the Grand [...]
