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 ...
Africa
Malawi: RBM’s Monetary Policy Committee Maintains Policy Rate At 12.0 Percent
At its 4th meeting of 2021 held on November 2-3, the Monetary Policy Committee (MPC) of the Reserve Bank of Malawi (RBM) maintained ...
Africa
Helios and InfraCo launch climate-focused Africa investment vehicle, CLEAR
The investment vehicle looks to ultimately raise $350 million for sustainable infrastructure and businesses InfraCo Africa and Helios Investment Partners (Helios) are partnering to establish a ...
Egypt
ITIDA, PepsiCo Egypt partner to expand regional shared services through the Cairo center
This 3-year agreement will increase Egyptian exports in IT products and services The Information Technology Industry Development Agency and PepsiCo Egypt just signed a ...
Kenya
Kenyan edtech startup Craydel raises Sh111.7 million to expand in Africa
Kenyan education technology startup Craydel has announced it has raised Sh110 million ($1 million) to expand outside of Kenya to serve more students ...
Kenya
Kenya: Banks’ bad loans rise to Sh441 billion in August – CBK
Defaults in the Kenyan banking industry rose to Sh441.8 billion in the eight months to August, reversing a decline in the non-performing debt ...
