Latest News East Africa
Capital Market & Private Equity
07/12/2023 at 16h37, by Aurélie Benoit (old en)
Métier manager Paul Botha ready to close Capital Growth Fund III in 2024 [Free]
The South African manager could close his final fundraising round in the next few months, having added...
Commercial banking
06/12/2023 at 18h56, by Africa Business+
Ruth Zaipuna’s NMB Bank wins IFC backing for Tanzania’s first sustainability bond
The bond, first listed on 25 September, totals $400 million and is denominated in US dollars and shillings....
Insurance
05/12/2023 at 17h00, by Christelle Marot
Olea Insurance Solutions Africa acquires 70% of Uganda’s Ballpack Insurance Group
Details from Africa Business+.
Private Equity
04/12/2023 at 15h25, by Aurelie Benoit
Chui Ventures, VestedWorld and SME Impact Fund join Mastercard Foundation Africa Growth Fund portfolio
The $200 million fund of funds is significantly expanding its holdings with three new investments, up...
Renewable energies
01/12/2023 at 13h03, by Africa Business+
Arc Power Rwanda minigrid investors secure their equity stake
Oikocredit and two units of the Dutch bank Triodos have received a MIGA guarantee for this $10 million...
Agri-food industry
30/11/2023 at 16h32, by Africa Business+
Madhvani Group’s Kioo expands Tanzanian glass bottle factory
Kioo, the country’s only hollow glass manufacturer, is investing $60 million in its Dar es Salaam site....
Transport & Logistics
27/11/2023 at 15h35, by Christelle Marot
BluePeak invests $20 million in Prime Logistics based on ESG criteria
Asset management firm BluePeak Private Capital is diversifying its portfolio with its first hybrid loan...
Construction & Infrastructure
23/11/2023 at 21h29, by Samba Camara
Ethiopia: China Wu Yi wins $72.3m road project over stiff competition
The Ethiopian government is making progress on upgrading the Jimma-Chida and Sodo-Sawla roads.
Capital Market & Private Equity
23/11/2023 at 18h29, by Africa Business+
FMO and IFC support African Rivers Fund IV, XSML’s Central Africa SME fund
The fund plans to make 40 to 50 investments with average target tickets of between $2 million and $3...
Agribusiness
16/11/2023 at 17h00, by Africa Business+
ENI accelerates Kenya biofuel plants with IFC as lead lender and arranger
The $213 million project aims to process 600,000 tonnes of agricultural products annually. It is part...
Health
14/11/2023 at 19h39, by Africa Business+
CFAO: Pascal Bordeaux moves from supermarkets to pharmacies
The former head of CFAO Retail in Côte d’Ivoire has joined the healthcare division in Kenya, where the...
Private Equity
10/11/2023 at 17h12, by Africa Business+
Nithio, run by former Google and White House staff, raises funds for electrification of continent
The financing platform for off-grid energy access, founded by investment specialists, continues to raise...
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