In a major environmental commitment, the world’s largest global climate fund has pledged $39.1 million to support Rwanda in its fight against climate change by revitalizing the country’s last remaining montane forests. The $12.8 billion Green Climate Fund, headquartered in South Korea, has initiated this substantial investment with the aim of enhancing the climate resilience […]

The Zimbabwe Stock Exchange (ZSE) has announced impressive results for the third quarter of 2023, with market turnover hitting $171 billion. This marks a remarkable 27 percent increase from the preceding quarter, signifying a robust performance within the Zimbabwean financial sector. Comparing Q3 2023 to the same period last year (Q3 2022), the ZSE experienced […]

Sony Group has unveiled its latest endeavor, the Sony Innovation Fund: Africa (SIF: AF), aimed at fostering the growth of entertainment businesses across the African continent. As part of this strategic initiative, the multinational conglomerate, headquartered in Tokyo, has allocated a substantial $10 million through Sony Ventures Corporation (SVC) to support early-stage startups operating in […]

In a groundbreaking financial maneuver, Egypt has achieved a significant milestone by successfully issuing a 3-year Sustainability Panda Bond valued at RMB 3.5 billion (equivalent to $478.7 million). This historic endeavor marks the North African nation as the first on the African continent to venture into the Chinese debt capital market via Panda bonds. This […]

In a groundbreaking move towards sustainability and environmental responsibility, the Johannesburg Stock Exchange (JSE) has proudly unveiled a new carbon market in partnership with Xpansiv, the leading global infrastructure provider for environmental markets. This collaborative effort has taken shape through the establishment of a distinct legal entity known as JSE Ventures. The new carbon market […]

HoneyCoin, the burgeoning cross-border web3 super app, has officially unveiled its partnership with MYKOBO. This strategic collaboration paves the way for HoneyCoin’s grand entrance into the European market. The overarching goal of this dynamic partnership is to empower users across all 27 European Union Member States, spanning a diverse range of countries such as Austria, […]

Egypt is set to borrow at least $1.5 billion before the end of this year, according to Finance Minister Mohamed Maait. This borrowing will predominantly occur through the utilization of Asian capital markets, with debt issuance guaranteed by development institutions. Key aspects of the borrowing plan involve the issuance of $500 million in Egypt’s debut […]

South African private equity firm Harith General Partners has confirmed its acquisition of a substantial 46% stake in its larger counterpart, Mergence Investment Managers. The deal is set to facilitate the pooling of their formidable combined assets, totaling a whopping 59 billion South African rand, equivalent to $3.1 billion, to support crucial infrastructure projects and […]

Africa’s longstanding early-stage investment leader, Baobab Network, is poised to significantly amplify its dedication to the African continent. The commitment involves investing in a staggering 1000 African tech companies over the next decade, accompanied by a substantial increase in their funding threshold, doubling the ticket size from $50,000 to an impressive $100,000 for recipient companies. […]

Startups across the Middle East and North Africa (MENA) region have experienced a substantial contraction in investment funding and deals during the month of September, according to the latest report from Wamda. Wamda’s monthly investment report reveals that in September, a mere $36 million was raised across 36 deals, marking a staggering 64 percent month-on-month […]