Breega, a venture capital firm renowned for its early-stage funds in Europe, has turned its focus to Africa with the launch of a $75 million fund dedicated to supporting African startups. Having secured $52 million in commitments so far, the firm expects the final close by the end of 2024. This marks a significant expansion […]

Payaza, one of Africa’s leading payment gateway providers, has achieved a remarkable milestone by securing an investment-grade rating from the Global Credit Rating (GCR) agency, an affiliate of Moody’s. This recognition marks a significant step for the African fintech ecosystem, highlighting the company’s financial robustness and potential to transform the region’s digital payment landscape. The […]

Adtopia, South Africa’s premier advertising network for community TV stations, has taken a giant leap forward by forging a strategic partnership with three prominent DStv channels: Ignition, Home Channel, and Business Day TV. The move brings Adtopia’s total network reach to a remarkable 13 million viewers, as per the latest TAMS ratings (September-October 2024), cementing […]

Orange Egypt is at the forefront of Egypt’s digital transformation journey, as showcased at the Cairo ICT 2024 Exhibition and Conference. As an official sponsor of the 28th edition of this prestigious event, Orange Egypt is presenting its groundbreaking innovations in advanced technology fields, including 5G networks, artificial intelligence (AI), smart city solutions, and cutting-edge […]

Africa is set to unveil its most ambitious aviation infrastructure project yet: a new mega-airport near Bishoftu, Ethiopia, 25 miles from the bustling capital city of Addis Ababa. Costing an estimated £5 billion, this facility will not only become the largest airport on the continent but also one of the busiest globally, with projections of […]

South Africa’s commitment to transitioning toward a low-emissions economy has received a significant boost with the conclusion of negotiations for a R7.6 billion ($423 million) loan from the Agence Française de Développement (AFD). The funding, part of the country’s Just Energy Transition Plan (JETP), will address the social and economic challenges of moving away from […]

Ethiopia is navigating critical hurdles in establishing its nascent stock market as the Ethiopian Securities and Exchange Commission (ESEC) reports alarmingly low participation from brokers. This shortage threatens to delay the stock market’s successful launch, which is expected to be a transformative tool for economic growth, financial inclusion, and the mobilization of capital. The Role […]

In a move set to bolster economic collaboration between Europe and East Africa, Equity Group Holdings Plc and DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German Development Finance Institution, have launched the German Desk – Financial Support and Solutions for East Africa. The initiative seeks to facilitate trade, investment, and partnerships between Germany and […]

In a major prelude to the 2024 Africa Investment Forum (AIF) Market Days, top African investors converged in Casablanca, Morocco, on November 12, to engage Moroccan investors and business leaders. This gathering aimed to mobilize financial backing and prepare stakeholders for the annual Market Days event, scheduled for December 4-6 in Rabat, Morocco. The Africa […]

Invest Africa, a prominent pan-African business platform, has joined forces with Premier Invest, a global investment conglomerate, to drive transformative investments across Africa. This partnership is designed to identify and unlock high-impact growth, innovation, and sustainable development opportunities throughout the continent, leveraging key industry events like The Africa Debate and the Invest Africa Mining Series […]