Finance & Investment News|Finance Calculators|Online Courses|Personal Finance Tips Business Finance Tips Macro Economic News Investments News Financial & Investments Calculators Compare Economies & Financial Products My Serrari Serrari Ed Online Courses

Naked, a South African insurtech startup revolutionizing the insurance industry through artificial intelligence (AI), has raised R700 million ($38 million) in its latest Series B2 funding round. The funding, led by global impact investor BlueOrchard, represents the largest single investment in the African insurtech sector to date and underscores the rapid evolution of the insurance […]

In a move designed to bolster operational efficiency and curb fraudulent activities, banks across Nigeria have commenced enforcement of new withdrawal limits for Point-of-Sale (PoS) terminals. The directive, issued by the Central Bank of Nigeria (CBN) on December 17, 2024, sets daily and weekly withdrawal caps at N100,000 and N500,000, respectively. This policy marks a […]

Moniepoint Inc., Nigeria’s leading business payments and banking services platform, has received a strategic investment from Visa, the global leader in digital payments. This investment not only solidifies Moniepoint’s position as a major player in the African fintech landscape but also highlights Visa’s commitment to advancing financial inclusion across the continent. Founded in 2015 by […]

Abu Dhabi-listed blockchain conglomerate Phoenix Group has announced its strategic entry into the African market through an 80-megawatt (MW) power purchase agreement (PPA) with Ethiopian Electric Power (EEP). This milestone move signals Phoenix Group’s commitment to global diversification and underscores Africa’s growing potential as a hub for cryptocurrency mining operations. The deal, facilitated in partnership […]

Nigeria has cemented its position as Africa’s leading destination for upstream oil and gas investment, according to research from market intelligence firm Wood Mackenzie. In 2024, the country accounted for an impressive three out of four Final Investment Decisions (FIDs) announced by global oil and gas majors, reflecting a significant milestone in its efforts to […]

Moroccan startups wrapped up 2024 on a high note, securing $70 million in funding and further establishing the country as a burgeoning hub of innovation in Africa. The achievements reflect the growing prominence of Morocco within the African startup ecosystem, even as the continent experiences broader funding challenges. Breaking Down the Rankings: Morocco and the […]

In a groundbreaking collaboration, the African Development Bank (AfDB) and PowerGen Renewable Energy have joined forces with prominent international investors to launch a scalable renewable energy platform in Africa. The initiative aims to deploy 120 megawatts (MW) of renewable power across underserved regions in Africa, integrating advanced battery energy storage solutions. This platform seeks to […]

PowerGen Renewable Energy (PowerGen), a pioneer in decentralized renewable energy solutions, has unveiled a transformative partnership with leading international investors to create a scalable renewable energy platform. This ambitious project aims to deploy 120 MW of renewable energy, integrated with advanced battery storage systems, across underserved regions in Africa. Initial focus areas include Nigeria, Sierra […]

The 10th of Ramadan Investors Association, a leading body representing key industrial stakeholders in Egypt, has initiated a strategic dialogue with the Commercial International Bank (CIB) to explore opportunities for enhancing Egyptian exports to African markets. The discussions aim to leverage CIB’s financial expertise and expansive African footprint to unlock new trade opportunities and strengthen […]

Overview of the Tender Brait, a prominent South African investment firm, has once again faced challenges in its attempt to reduce its convertible bond (CB) liabilities. The company aimed to repurchase R400 million of its outstanding R3 billion CBs, but investors tendered only R99 million worth of bonds. The bonds, which mature in December 2027, […]