Benin Pledges $2mn to the African Development Bank's Fund
Benin has pledged $2 million to the African Development Fund (ADF), the concessional fund behind the African Development Bank Group (AfDB), joining six other countries that contribute to the regional [...]
Investors Flood T-Bills Amid Interest Rate Cuts
Investor demand for Treasury bills surged in the weekly auction, recording the steepest oversubscription rate in 2024. Demand remained skewed to the shorter term 91-day paper as investors continue to [...]
Guide to Buying Land in Kenya and Ensuring a Safe Investment
Buying land in Kenya is an investment that requires due diligence to avoid pitfalls and ensure a secure transaction. With land values constantly appreciating, it is an excellent investment but [...]
Ethio Telecom to Kickstart Ethiopian Securities Exchange with 10% Listing
Ethio Telecom will be the first company to list on the Ethiopian Securities Exchange (ESX), the country's new bourse kicks off next week. Ethio Telecom enjoyed a virtual monopoly until [...]
Demand for Startups' Reports by Investors Grows by 20% Amidst Cash Crunch
A survey done on investors and startup founders by Wimbart reveals that in 2024, 88.9% of investors determine the quality of African startups by the depth and regularity of their [...]Angola's Investment Windfall Continues Ahead of Biden's First and Last Visit to Africa
Angola's investment windfall has continued, as multiple lenders and companies announce they will either expand or make investments in the country. We see great opportunities to acquire mature assets in [...]Afreximbank Approves US$20.8mn for Nigeria's Starlink Global
The African Export-Import Bank (Afreximbank) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global Ideal Limited to construct and operate a 30,000-metric tonne per annum cashew processing [...]Ndovu Wealth Launches Money Market Fund after CMA Greenlight
Ndovu Wealth Limited has launched its Money Market Fund (MMF) Ndovu Fund after formal approval from the Capital Markets Authority in March. We are fostering a culture of [...]African Finance Corporation Issues US$500mn Eurobond Listed on LSE
The African Finance Corporation (AFC) has successfully issued a US$500mn 144A//Reg S Eurobond on a five year bond, issued at par with a coupon of 5.55%. “The significant oversubscription and [...]AfDB Invests US$10mn in Kenyan Company Dhamana Guarantee
The African Development Bank Group (AfDB) has made a $10mn equity investment in Dhamana Guarantee, a Kenyan enterprise that provides guarantees to support sustainable growth enterprises. Dhamana will demonstrate the [...]Centum Lays Groundwork for Francophone Africa
Centum Investment Company PLC (Ticker: CTUM) has signed a deal with HR firm ITM Holdings, that allows for ITM toexpand into Kenya’s rapidly growing Business Process Outsourcing (BPO) sector, while [...]US's Bridgewater Associates Calls Out Global Community For Not Investing in Africa
By the next decade, Africa’s working population could exceed China’s, presenting both an opportunity and a challenge. If properly managed, this demographic dividend could fuel economic growth and improve living [...]
