Softbank Launches $100m Growth Fund to Support Minority Founders
SoftBank has launched a $100 million fund to support ventures led by black people and other minority groups in light of the global uproar against racism. The new Opportunity Growth [...]
BAT Kenya Makes Changes in its Board of Directors
British American Tobacco has announced changes in its board of directors, appointing Philemon Kipkemoi as an Executive Director in its board. Philemon has been with BAT for 14 years. He [...]Bolt Raises $109 Million Funding
The taxi-hailing company, Bolt Technologies, has received $109 million in funding from London-based investment firm Naya Capital Management. According to the company, they will use the funding to increase its [...]Novastar Ventures Secures $108 Million in Funding
Pan-African Venture Capital Manager, Novastar Ventures, has closed its second round of funding with a total of $108 million in commitments, bringing its total capital to $200 million. This makes [...]Safaricom : If not now, then when?
I will start with why people invest. At Berkshire investing is defined as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power [...]
Sub-Sahara Africa Q1 Mergers Acquisitions Hit $4.8 Billion
A report by Refinitiv Sub Saharan Africa Investment Banking Review for Q1:2020 reveals that the value of Mergers and Acquisitions (MA) hit $4.8B. However, the value is 48% less than [...]
Helios Invests KSh10 Billion in Acorn Holdings
Helios Investment Partners has announced a KSh10 billion equity investment in Acorn Holdings group, in addition to the initial KSh3 billion loans it had already offered Acorn. With this new [...]Details of Kenya-US Trade Investment Pact
In late January, President Uhuru Kenyatta travelled to the United States in a bid to cement a agreement between the two countries. The Kenya-US trade and investment pact will also [...]Safaricom Investment Cooperative Defers Dividends
The Safaricom Investment Cooperative (SIC) has frozen the dividends of its members for the year ended December 2019. This means that members will not receive any profits from their shares. [...]Nigeria's Aella Raises KSh1B to Lend to Underbanked
Nigeria's fintech Aella has received Ksh1 billion ($10M) debt financing from HQ Financial Group to lend to the underbanked. The start-up has so far netted 300,000 borrowers by building trustworthy [...]Why Egypt is Africa’s Top Investment Hub
The sheer size of its market, accompanied by a relatively sophisticated business sector relative to its neighbours makes Egypt the most attractive investment destination in Africa. This is according to [...]
Ethiopian EdTech Gebeya Raises KSh200M Seed Investment
Ethiopia's Gebeya Inc. closed a Ksh200 million ($2M) seed round investment co-led by Partech, Orange Digital Ventures, and Consonance Investments Limited. Gebeya, an Ed Tech and online software outsourcing Marketplace [...]
