AfDB Approves €48.82 Million for Burkina Faso
The African Development Bank(AfDB) has approved a €48.82 million loan for Burkina Faso. The investment goes to the Yeleen solar power plant, with the intention of boosting national power supply. [...]
Kenya Leads East Africa in Corporate Deals
A report by IM Burbridge Capital shows that Kenya is leading East Africa nations in corporate deals. As reported by the East Africa Financial Review, there were 9 disclosed corporate [...]
US firm Invests KSh 1.2B in Bidco Animal Feed Mill Upgrade
Bidco has partnered with America's Land O'Lakes to invest KSh1.2 billion in the upgrade of an animal feed factory in Nakuru. With the partnership, the plant will be able to [...]Safaricom Introduces Mali, a new Investment Tool Powered by MPesa
The region's most profitable company Safaricom is introducing an investment tool dubbed Mali, which will allow MPesa users to invest as little as 100 for daily interest. Mpesa users will [...]East Africa's Top PE Firms Venture Capitalists Feted in Gala
Winners of the Second edition of the East Africa Private Equity and Venture Capital Association (EAVCA) Industry Awards have been announced. The Awards recognize and celebrate venture capitalists playing a [...]Ethiopia Receives $388 Million Grant from Germany for Reforms
Ethiopia has received $388 million (KSh39.8 billion) from Germany in the form of a grant. The money is for reforms that will promote private investment and sustainable economic development. According [...]World's Highest Valued Fintech to Spend $1 Billion in Expansion Plans
Alibaba's Ant Financial, and the world's highest-valued Fintech, is set to spend $1 billion in expansion plans to India and Southeast Asia. According to Ji Gang, vice president of Ant [...]African VC Eyes $60m for Women-Led Startups
Abidjan based Janngo Capital is looking to invest $60m into African women-led startups, helping to bridge the gender gap in local ventures. The VC led by Senegalese Fatoumata Ba has [...]German Development Bank Partners with Allianz Global to Offer $188 Million for African Ventures
The German development bank KfW has partnered with Allianz Global to launch a fund worth $188 million to help finance startups and SMEs. The fund, dubbed AfricaGrow, will finance 150 [...]South-East Asia Payments Platform 2C2P Raises $52 Million in Funding
South-East Asia Payments Platform, 2C2P, has secured $52 million in funding. Investors who raised the funds include International Finance Corporation (IFC), Cento Ventures, and Arbor Ventures. According to the firm, [...]Africa Finance Corporation Signs $140 Million Kimchi Term Loan Facility Deal
Africa Finance Corporation (AFC) has closed its first $140 million Kimchi term loan facility. The loan facility is AFC's first Korean instrument. The closing of Kimchi loan facility, therefore, represents [...]Indian Fintech Firm Paytm Raises $1 Billion in Series G Funding
Paytm, India's financial services firm, has secured $1 billion in its series G funding. Investors who took place in the Equity funding include Ant Financials and SoftBank Vision Fund who [...]
