Umba, a Nairobi‑headquartered digital bank operating in Kenya and Nigeria, has successfully closed a $5 million debt financing round to accelerate the expansion of its lending portfolio, advance its proprietary credit‑scoring technology, and fuel entry into new East and West African markets within the next 12 months Tech In AfricaFintech News Africa. Led by Star […]
Mirae Asset Investment Managers (India) Pvt. Ltd. has unveiled the Mirae Asset Global Allocation Fund IFSC, a close‑ended Category III Alternative Investment Fund (AIF) with an initial target corpus of $200 million (plus a green‑shoe option of an additional $200 million). Launched through the firm’s International Financial Services Centres Authority (IFSCA)–regulated IFSC branch at GIFT […]
Arnergy, a pioneering Nigerian provider of distributed renewable energy solutions, has closed an $18 million funding round to supercharge the rollout of solar-plus-storage systems throughout Africa Tech In Africa. Led by All On—an off‑grid energy impact investor seeded by Shell—with participation from Breakthrough Energy Ventures (Bill Gates’ climate‑tech fund), ElectriFI (the EU‑backed Electrification Financing Initiative), […]
After the dramatic collapse of CBEX—a trading platform that left thousands of Kenyans unable to withdraw their funds—the Capital Markets Authority (CMA) has stepped in to remind investors of the only online forex brokers, market‑making dealers, and portfolio managers legally licensed to operate in Kenya. This comprehensive guide explores the CBEX fallout, profiles the various […]
A landmark study by education marketplace MSM Unify reveals that global investment in green bonds for educational institutions has surged to USD 15 billion, underscoring the sector’s accelerating commitment to sustainability and carbon‑neutral campuses. Market overview: A booming green bond landscape Green bonds have moved from niche instruments to mainstream fixtures in global fixed‑income markets. […]
Visa has strengthened its commitment to Africa’s rapidly evolving fintech ecosystem by making strategic investments in Moroccan fintech PayTic and Tunisian payments innovator Konnect. Both companies graduated from the third cohort of the Visa Africa Fintech Accelerator—a 12‑week program that combines mentorship, technical training, and access to Visa’s global payments network. These investments not only […]
In a move that underscores the evolving dynamics of Africa’s banking sector, KCB Group PLC has secured critical regulatory approvals from both the Central Bank of Kenya (CBK) and the National Treasury. This pivotal clearance paves the way for the sale of National Bank of Kenya Limited (NBK) to Nigeria’s Access Bank PLC—a deal that […]
In a dramatic turn of events amid intensifying US-China technology tensions, Nvidia has announced a charge of $5.5 billion related to its H20 artificial intelligence chip following new export restrictions imposed by the US government. These measures, which have sent ripples through global semiconductor markets, mark yet another chapter in the ongoing battle for technological […]
In a landmark development for the continent’s sustainable development landscape, Airnergize Capital has successfully completed its first close, raising $106 million to accelerate clean technology solutions across South Africa and broader Africa. The fund, which is focused on renewable energy, gas, and water infrastructure, is set to drive economic growth and social upliftment while positioning […]
In a strategic move aimed at reducing its mounting debt and streamlining its operations, West Africa-focused oil and gas explorer Tullow Oil has announced plans to sell its Kenyan assets to Gulf Energy Ltd for at least $120 million. The transaction is structured to include three separate payments of $40 million each, with Tullow maintaining […]
Kenya, a vibrant East African economic hub, finds itself at a critical juncture, grappling with persistent challenges of corruption, illicit...
The United States labor market delivered a robust performance in June, with job growth surpassing economists' forecasts and the unemployment...
Africa is on the cusp of a profound digital transformation, with its data centre sector emerging as a critical backbone...
The vibrant city of Nairobi is currently hosting a pivotal event poised to redefine Africa's investment landscape: the inaugural NextFrontierAfrica...
