Category: New Investments

Standard Chartered Bank and British International Investment (BII), the UK’s development finance institution, have signed a $350 million risk participation agreement aimed at supporting the trade finance needs of small and medium-sized enterprises (SMEs) and corporates in Africa and South Asia.

The UK government, in partnership with FSD Africa, has unveiled a KSH 667 million ($5.2 million) initiative to improve financing access for small and medium-sized enterprises (SMEs) in Kenya.

Specialist agricultural investor AgDevCo has announced a $9.5 million mezzanine loan investment in Agventure, a Kenyan farmer-owned business pioneering regenerative agriculture in non-irrigated cereal-based systems.

Startupbootcamp, Mara Group, and Blend Financial Services have announced plans to launch a $250 million fund aimed at accelerating the growth of African technology startups.

The African Development Bank Group has announced a $75 million financing package to support Export Trading Group (ETG), a Mauritius-based conglomerate with extensive operations throughout Africa.

The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both part of the World Bank Group, have joined forces with Morocco’s Tanger Med Port Complex in a significant expansion project for its truck and passenger terminal.

African startups have been invited to apply for the prestigious New Venture Competition organized by Harvard Business School’s Africa Business Club.

Beacon Power Services (BPS), an innovative energy technology company, has successfully secured funding through a Series A financing round.

Mastercard and Diamond Trust Bank (DTB) have entered into a significant 10-year agreement aimed at expanding digital payment solutions across Kenya, Uganda, and Tanzania.