- EmpowerAfrica
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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
African Changemaker
Nakhla is a serial entrepreneur and founder of businesses delivering microfinancing to SMEs and individuals.
He is the Co-Founder and CEO of MNT-Halan, Africa’s first unicorn of 2023 and Egypt’s first-ever private tech firm to break above $ 1 billion. MNT-Halan is Egypt’s leading fintech ecosystem and the largest growing lender to the unbanked and underbanked, driving the fintech boom in the MENA region.
Nakhla has over 15 years of experience in the telecoms and technology industry. He has been honoured and recognized for his contribution to the growth of the two sectors in Africa.
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Private equity firm Mediterrania Capital Partners has announced a €100 million co-investment into Coris Holding, the second-largest banking group in the West African Economic and Monetary Union (WAEMU) region.
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Germany’s development finance institution DEG has announced a US$25 million commitment to Helios Fund V, the fifth private-equity vehicle managed by London-based Helios Investment Partners.
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The African Development Bank (AfDB) has pledged US$75 million in financing to Nyanza Light Metals, a South Africa–based company, to help establish a titanium-dioxide pigment production facility in the Richards Bay Industrial Development Zone (RBIDZ), KwaZulu-Natal.