African Tech Ventures Invited to Apply for the Investment Showcase at the 8th Africa Tech Summit London
Africa Tech Summit (ATS) London, the leading tech conference that drives business and investment opportunities across the continent, will host its eighth edition on June 7th, 2024, at the London Stock [...]
Verod-Kepple Ventures Raises US$60 Million
African startups transitioning from Series A to Series B funding rounds will have an opportunity to attract investment this year after VC-firm Verod-Kepple Africa Ventures (VKAV) closed its first fund [...]
Over 1000 CEOs Reveal Factors to Propel Firms Growth in Next 12 Months
Kenya’s CEOs have identified ten internal factors and another eleven external areas that could strengthen their organizations' outlook in the next 12 months. “In terms of domestic factors that could [...]Treasury Bills Rates Drop as Govt Plans Cuts on Domestic Financing
Treasury Bills offered at the latest weekly Government Securities Auction recorded a marginal decline in interest rates offered to bidders by the Central Bank of Kenya (CBK), the first time [...]
French Media Giant Canal+ Makes $1.9bn Buyout Offer for MultiChoice
French media company Canal+, a subsidiary of media conglomerate Vivendi SE, has made a new buyout offer fully acquire MultiChoice, in a deal that would value the South African media [...]How Pezesha, MarketForce CEOs Made Peace in Liquidation Dispute
Summary: In August 2023, Pezesha, a digital financial marketplace that provides debt capital to SMEs, filed a liquidation suit against MarketForce, a B2B marketplace, over unpaid debts. In March 2024, [...]
Kenya Leads East Africa with US$ 600 Million Worth of Deal Activity in 2023
Kenya led East Africa in deal activity in 2023, with a total of 96 deals worth US$ 600.3 million, followed by Tanzania at 12 deals worth US$ 285 million, and [...]Ethiopia's Stock Exchange Surpasses Capital Target by 240%
Ethiopia's plans to launch a stock market are taking shape, after the Ethiopian Securities Exchange (ESX) announced it had surpassed its capital-raising phase by over 200%. The ESX kicked off [...]DFC Approves a $500,000 Technical Assistance Grant to Pezesha
Kenyan digital lending platform, Pezesha, will improve its credit scoring technology after the sub-board of the Development and Finance Corporation approved a $500,000 technical assistance grant in the second quarter [...]LAPTRUST Imara I-REIT to Delay 2023 Financials Until May
Real estate investment trust LAPTRUST Imara I-REIT will delay the publication of its 2023 financials until May 31st 2024, following an extension granted by the Capital Markets Authority (CMA). According [...]CBK Seeks KSh 65Bn in Merged April T-Bonds Tap Sale
Central Bank of Kenya (CBK) has invited investors to participate in the primary bond market through the re-opened two–year fixed coupon Treasury Bond tap sale, where the state fiscal agent [...]State of VC Funding in Africa 2023; Fintechs Get Lion's Share
The United States contributed the greatest share of VC Funding for startups in Africa last year, according to a VC report released this month. Macroeconomic challenges in the global market [...]
