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 [...]
Africa's Top Investors on Raising Capital in 2024 and Beyond- 54 Collective's African Pre-Seed Podcast
During the African Pre-Seed Live podcast convened by Pan-African VC 54 Collective sector stakeholders sought to define the new model that both investors and innovators should employ in their perception [...]Benefits of Relocating Your Business to an Industrial Park
Kenya set out to diversify its economy by reducing its reliance on agriculture and expanding its industrial sector. Industrial parks became central to this strategy, offering businesses the infrastructure and [...]
Gov't Seeks KSh 30bn from Reopened Bonds in October Sale
The Central Bank of Kenya (CBK) is seeking to raise KSh30 billion from two reopened bonds for budgetary support in October sale. The bonds will be listed on the NSE’s [...]Moody's Upgrades Africa Finance Corporation's Credit Rating
Moody's Investor's Service has upgraded infrastructure solutions provider Africa Finance Corporation's (AFC) credit rating from Negative to Stable. Notwithstanding increased country risk in several of AFC’s countries of operation over [...]
