Walmart Makes African Debut With Launch of First Retail Store in South Africa
The U.S. retail giant Walmart has officially opened its first store under the Walmart name in South Africa, marking a major step in its African expansion.
Key Developments
Critical business developments shaping Africa’s economic future
Trending News
VC firm Equator raises $40 million to back climate-tech African startups.
Equator, a VC firm focused on supporting innovative solutions to climate change, has raised $40 million in commitments to invest in African startups tackling climate challenges.
BasiGo to Spearhead Rwanda’s Electric Mobility Revolution with the Introduction of Electric Buses
Rwanda’s vision for a greener and more sustainable future takes a giant leap forward as BasiGo, a renowned electric vehicle manufacturer, announces its plans to bring electric buses to the streets of Rwanda.
Egypt’s MNT-Halan Attains Unicorn Status with $400 Million Raised in Securitization Issuances – Copy
MNT-Halan has become Egypt’s first unicorn after announcing a raise of over $400 million securitizationion issuances this year, solidifying its position as a leading player in the region’s financial technology sector.
New Investments
Latest funding rounds and investment opportunities across the continent
Chui Ventures’ First Fund Hits $17.3m as It Accelerates Investment in African Startups
Chui Ventures, the pan-African early-stage venture capital firm with a gender-inclusive investment philosophy, has closed its maiden Fund I at US$17.3 million, comfortably surpassing its initial target of US$10 million.
Joliba Capital Raises $59 Million to Invest in West African SMEs
Joliba Capital, a private equity firm focused on investing in SMEs in West Africa, has announced the first close of its Joliba Fund I at $59m.
Telecom Egypt and 4iG Group Partner to Build $600 Million Modern Fiber Network in Egypt
Telecom Egypt, the leading telecom operator in Egypt, and 4iG Group, a prominent Hungarian IT and telecommunications group, have signed a Memorandum of Understanding (MoU) to establish a joint venture (JV) focused on building a state-of-the-art fiber network.
ThriveAgric, Visa Partner to Support 10,000 Farmers in Kenya
Nigerian agritech startup ThriveAgric has joined forces with global payments giant Visa to empower Kenyan farmers.
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