News
Zimbabwe: RBZ Allotments Hit U.S.$47 Million Amid Surging Foreign Currency Receipts
Reserve Bank of Zimbabwe (RBZ) foreign exchange auction this week allotted US$47 million with key economic productive needs receiving the huge chunk amid ...
News
Nigeria: Coronation Insurance Assets Hit N41.15bn
Coronation Insurance has posted total assets of N41.15billion at the end of the third quarter of 2021 as against N39.72billion recorded in same ...
Egypt
Egypt grocery delivery startup Rabbit closes $11M record pre-seed funding
Speed grocery delivery apps have mushroomed across Europe during the global pandemic attracting record investment from investors. These venture-backed grocery delivery firms attracted ...
Egypt
Egypt: Vodacom to buy controlling stake in Vodafone Egypt
South Africa’s Vodacom Group has announced that it has agreed terms with Vodafone to acquire its controlling stake in Vodafone Egypt for R41 billion or (US$2.738 ...
South Africa
SA startup Adbot raises $500K from Enygma Ventures
Adbot, an SA-based online advertising startup has completed a $500K funding round by Engyma Ventures. The funding will be channeled to expand the ...
News
Nigeria’s FX reserves to surpass $42 b mid-2022 – Emefiele
Nigeria’s foreign reserves will surpass the $42 billion threshold by the middle of next year, the Central Bank of Nigeria (CBN) Governor, Mr. ...
Africa
MFS Africa Raises $100-Million in Series C Funding
MFS Africa, one of Africa’s largest digital payments networks, has raised $100-million through an equity and debt financing round. The fundraising marks another ...
Africa
Flutterwave acquires creator platform, Disha for undisclosed amount
Flutterwave, a digital payment platform has acquired Disha, a content creator platform for an undisclosed amount. The acquisition represents Flutterwave’s first public acquisition ...
Africa
Econet Group Announces Launch of Cassava Technologies
Cassava Technologies, headquartered in London, is Africa’s first integrated tech player of continental scale at the forefront of technology innovation Unique, pan-African technology ...
News
Tanzania: BoT Commends Exim Bank for Bancassurance Product
TANZANIA Insurance Regulatory Authority (TIRA) and the Central Bank of Tanzania (BOT) have commended Exim Bank Tanzania Limited for its new bancassurance product ...