Between 2014 and 2019, 44% of venture capital deals recorded in African tech ecosystems included participation from at least one impact investor, data from Africa Private Equity and Venture Capital Association show. With a slump in venture capital investment expected in African tech ecosystems this year, the role of impact
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DFI Partnerships Point to a New Way of Doing Business
PARIS—At a meeting in Oxford, England, last year, a group of leaders from Development Finance Institutions wrestled with a problem that has hampered private sector development for decades: Even with enough capital to invest, there were not enough bankable projects in the poorest countries—especially in fragile ones. The group, known
AUDA-NEPAD confirms Hubert Danso as Chairperson of the Continental Business Network Council
Institutional Investment Leader, Hubert Danso, internationally-renowned infrastructure Investment Advocate, was today formally appointed as the Chairperson of the African Union Development Agency (AUDA-NEPAD) Continental Business Network Council (CBN). Mr Danso who held the position as CBN interim Chairperson since September 2019, is also the Chief Executive Officer and Chairman of Africa
First public road by private investors to open in Kajiado
Kenya is set to complete its first annuity road this year after nearly one decade of false starts, easing demand for foreign debt. The annuity financing model allows private contractors to design, build and maintain public roads using their own resources with the Treasury reimbursing lenders at uniform rate for
COFINA GABON raises 4 billion CFA Francs to finance Gabonese SMEs
COFINA Gabon is pleased to announce that it has obtained a medium- term financing of 4 billion FCFA (€ 6 million) from the Development Bank of Central African States (BDEAC) based in Brazzaville, Republic of Congo. COFINA Gabon, a subsidiary of the COFINA Group, the pan-African leader in mesofinance, has
Nigeria’s Fintechs project $543 million revenue growth in two years
The number of fintech companies in Africa grew at a yearly rate of 24 per cent between 2009 and 2019, fuelled mostly by Nigeria, Kenya and South Africa. This is even as is projected that Fintech revenues in Nigeria will grow from $153million in 2017 to $543million by 2022, driven
EU signs Sh602 million deal to fund safe trade
Efforts to speed up cargo movement in the region received a major boost Tuesday after the European Union signed a deal with the Trademark East Africa (TMEA) to fund safe clearance at the ports and border points. Under the Sh602 million (€5 million) emergency trade programme, mobile testing labs will
