Tomie Balogun – The young lady blazing investment trails in Nigeria.

Tomie Balogun is an Innovator and award-winning leader in the financial services industry in Africa with over 15 years’ worth of experience across management consulting, telecommunications, investment advisory and Fintech. She is the Founder of The Green Investment Club which has recently been gaining international recognition for its efforts in improving financial literacy in Nigeria. The CEO Business Africa magazine had an opportunity to chat with Balogun who is also the CEO of the Vestract Company on how her club is influencing investment in Africa.

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Fintech ImaliPay enters South African market

SOUTH AFRICA – Financial services platform for gig economy workers ImaliPay has entered the South African market, its third major African market after Nigeria and Kenya, aiming to help more of Africa’s gig economy workers improve their financial security and shape their journey towards financial freedom. Co-founded in 2020 by Tatenda Furusa and Sanmi Akinmusire, ImaliPay offers both new and existing gig…

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KfW inks US$55.3m financing deal to decentralize electricity supply in Sub-Saharan Africa

SUB-SHARAN AFRICA – German state-owned investment and development bank (KfW), on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ),  signed a €49 million (US$55.3 million) financing agreement for the Clean Energy and Energy Inclusion for Africa (CEI Africa) foundation. The aim of the foundation set up by KfW is to supply climate-friendly electricity to people in sparsely populated…

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IRENA partners with Alliance for Rural Electrification to boost off-grid renewables

AFRICA – The International Renewable Energy Agency (IRENA) has signed a memorandum of understanding (MoU) with the Alliance for Rural Electrification (ARE), to strengthen their existing cooperation on rural electrification and universal access to energy. The MoU was signed in the margins of the fifth International Off-grid Renewable Energy Conference (IOREC) by IRENA Director-General Francesco La Camera and ARE Chief Executive Officer…

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