Trustco Group Holdings, a prominent Namibian investment firm, has solidified a strategic partnership with Riskowitz Value Fund (RVF), a United States-based entity, securing a substantial investment totaling $100 million. Under the six-month agreement, Trustco aims to leverage RVF’s extensive market expertise to explore lucrative investment opportunities both within Namibia and internationally. Quinton Zandré van Rooyen, […]

During the LEAP 2024 event held in Riyadh, AfriLabs and the Ministry of Investment of Saudi Arabia (MISA) solidified a significant partnership through the signing of a Memorandum of Understanding (MOU). This collaboration aims to foster innovation and investment cooperation between Africa and Saudi Arabia’s tech and innovation sectors. Established in 2011, AfriLabs has been […]

Uganda has officially entered the Islamic banking sphere with the launch of Salaam Bank in Kampala. Salaam Bank, a subsidiary of the Djibouti-based institution of the same name, commenced operations last month following the Ugandan government’s enactment of legislation facilitating Sharia-compliant financial services. President Yoweri Museveni inaugurated Salaam Bank, marking a significant milestone after years […]

In response to South Africa’s ongoing power crisis, MTN, Africa’s largest mobile phone group, has announced a strategic investment plan totaling R1.9 billion ($101 million) by mid-year. The investment will focus on enhancing infrastructure such as generators, batteries, and renewable energy sources to address the persistent threat of power blackouts, locally known as “load shedding.” […]

Innovative Shifts in East African Equities: As East African stock markets navigate the complexities of global trade, executives are deliberating a significant policy shift. The proposal under consideration involves allowing companies to issue debt instruments in hard currency, primarily the US dollar. This move aims to introduce a competitive edge against commercial banks, particularly in […]

In response to shifting consumer demands and technological advancements, Standard Bank South Africa has strategically expanded its physical footprint across the nation. Despite the pervasive trend towards digital banking solutions, the bank has seen a notable increase in branch numbers, from 619 to 652 in 2023, with a further projected growth of over 5% by […]

BURN Manufacturing, a leader in clean cookstove production, has announced a significant investment exceeding $12 million to advance clean cooking initiatives across Africa. The investment, facilitated by Key Carbon Ltd. and backed by Cartesian, aims to address the challenges posed by traditional cooking fuels in Sub-Saharan Africa. With approximately 950 million people in the region […]

Adenia Partners Ltd., a seasoned private equity firm with a keen eye on African opportunities, has sealed its fifth and largest Africa-focused fund to date, raising an impressive $470 million. This substantial investment underscores growing investor confidence in Africa’s potential as a lucrative investment destination. The Adenia Africa Fund, with its diverse investor base including […]

In a strategic move to bolster economic resilience in Africa, The Trade and Development Bank (TDB) has secured a significant funding boost of $100 million from British International Investment (BII), the UK’s development finance division. With assets exceeding $5 billion, TDB has established itself as a key player in financing African trade, sustainable growth, and […]

Ethiopia’s financial landscape is set for a significant transformation with the advent of its Securities Exchange, slated for launch in the third quarter of this year. In anticipation of this milestone, Deloitte, a leading audit and consultancy firm, has secured a noteworthy achievement by obtaining the first securities investment adviser license for operations within the […]