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Tag: Investment News
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Mastercard and Diamond Trust Bank (DTB) Partner to Enhance Digital Payments in East Africa
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.
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Visa Strengthens African Digital Economy with Investments in Four Fintech Startups
Visa has announced investments in four fintech startups that recently graduated from its Africa Fintech Accelerator program.
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Nigeria Partners with Moroccan Firm to Boost Local Electric Vehicle Production
Nigeria is advancing its electric vehicle (EV) industry through a strategic partnership with a Moroccan company, aiming to drive local manufacturing and reduce dependence on imported vehicles.
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Egypt Launches $30 Million Deloitte Innovation Hub to Boost Digital Exports and Job Creation
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.
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British International Investment and Absa Group Announce $150 Million Trade Facility to Support African SMEs
British International Investment (BII), the UK’s development finance institution, has unveiled a $150 million trade facility with Absa Group.
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Pan-African Talent Cloud Tech Company Gebeya Partners with NVIDIA to Upskill 50,000 Developers in Africa
Gebeya, a leading Pan-African talent cloud technology company, has joined forces with NVIDIA, a global powerhouse in graphics and AI technology, to establish a network of 50,000 NVIDIA-certified developers in Africa.
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African VC Janngo Capital Closes Second Fund at $78 Million to Back African Entrepreneurs
Janngo Capital, an African venture capital firm, has successfully closed its second fund at $78 million, exceeding its initial goal of $63 million by 20%.
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Egypt’s Raya Foods Secures $40 Million Investment from Helios Investment Partners
Egyptian firm Raya Foods has secured a $40 million investment from Helios Investment Partners.
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Ghana’s Oyster Agribusiness Secures $2 Million to Drive Climate-Smart Farming Expansion
Oyster Agribusiness, a Ghana-based agri-tech firm championing climate-smart agriculture, has successfully raised $2 million in funding to scale up its operations and strengthen the resilience of the country’s agricultural sector against climate challenges.