The Empower Africa Business Platform is Now Live !!!
With a track record of over 25 investments in 14 countries, Amethis has already significantly impacted Africa’s private equity landscape. The new fund will enable the firm to continue supporting entrepreneurs and businesses, making a difference in Africa’s future. The $490 million fund will focus on investing in high-growth sectors such as healthcare, education, financial services, and consumer goods. Amethis’ latest move comes at a time Africa’s private equity market is rapidly evolving, with the pan-African fund a clear demonstration of the firm’s commitment to driving sustainable socio-economic development on the continent.

The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has approved a grant of 1.7 billion CFA francs (about $2.8 million) to support private sector growth in West Africa’s monetary union.

Google has unveiled the 10th cohort of its Google for Startups Accelerator Africa, selecting 15 startups from a highly competitive pool of close to 2,600 applicants.

Egypt’s Minister of Communications and Information Technology, Amr Talaat, has inaugurated the Deloitte Innovation Hub, a new venture established with an investment of $30 million over three years.