Tag: Investment News
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Adenia Partners Secures $470 Million for Largest Africa-Focused Fund
Adenia Partners, a Mauritius-based private equity firm specializing in African investments, has announced the successful closing of its fifth and largest Africa-focused fund, the Adenia Africa Fund, at $470 million.
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Mono and Mastercard Partner to Power Payment Solutions for Digital Commerce in Africa
Mono Technologies Nigeria Limited, a provider of open banking infrastructure for African businesses, has announced a strategic partnership with Mastercard to revolutionize digital payments across the continent.
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Kenyan Clean Cookstove Company BURN Secures $12 Million to Expand Across Africa
BURN Manufacturing, a leading Kenyan clean cookstove producer, has secured $12 million to accelerate the distribution of its clean cooking solutions across Africa.
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Ghanaian Fintech Zeepay Secures $3 Million Investment From Verdant Capital Hybrid Fund
Zeepay, a leading Ghanaian remittance and mobile money provider, announced today the closing of a $3 million equity investment from Verdant Capital Hybrid Fund. This marks Verdant Capital’s fourth investment in just over two years.
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Kenyan Travel Tech Startup Triply Secures Investment From Y Combinator
Kenyan travel technology startup Triply has secured a significant investment of $500,000 from Y Combinator, a world-renowned startup accelerator.
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Trade and Development Bank Secures $100 Million From BII to Support African Businesses
The Trade and Development Bank (TDB), a key financial institution focused on African development, has secured a $100 million financing package from the British International Investment (BII), the UK’s development finance arm.
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Africa Finance Corporation Raises $1.16 Billion, Its Largest Ever Syndicated Loan, to Close Africa’s Infrastructure Gap
Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider in Africa, has announced the successful close of its largest ever debt facility, a $1.16 billion syndicated loan, attracting new lenders from the Middle East, Europe and Asia.
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Yango Delivery Launches Cargo Express to Streamline Large Item Deliveries in Africa
Yango Delivery, a leading logistics platform in Africa, has announced the launch of Cargo Express, a new feature designed to improve the delivery of bulky items across the continent.
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Malian Industrial Giant Ibi Group Launches Electric Vehicle Subsidiary “Angata”
The Malian industrial conglomerate Ibi Group, known for its work in aviation, renewable energies, and irrigation systems, has expanded its operations into the urban transport sector with the launch of a new subsidiary, Angata.