Inspiring Leadership & Sustainable Business Transformation in Africa
AFRICA – Pan-African digital currency trading platform Yellow Card has announced the completion of its US$40 million Series B investment round, headed by Polychain Capital. Other investors that took part in the round include Valar Ventures, Third Prime, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, and The Raba Partnership. The startup plans to utilise the capital to…
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AFRICA – Byld Ventures, an investment firm focusing on early-stage funding for fintechs in Africa, has made a new close of its US$15 million fund launched in May, with a focus to back fintechs in the African ecosystem. Over a dozen athletes, in addition to the government of Dubai and a few institutional investors who have not been disclosed, have…
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SOUTH AFRICA – International Financial Corporation (IFC) and Redefine Properties Ltd., a leading South African-based Real Estate Investment Trust (REIT) announced the issuance of a green bond, with IFC as anchor investor, to help promote sustainability and climate-smart commercial real estate in South Africa. Redefine will use the bond’s proceeds to improve the environmental sustainability of eligible buildings in its…
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AFRICA – ECOWAS, the Federal Republic of Nigeria and the Kingdom of Morocco have signed a Memorandum of Understanding (MoU) for a gas pipeline project. According to a published joint communique, the Memorandum of Understanding attests to the commitment of ECOWAS and all the countries crossed by the gas pipeline, to contribute to the feasibility and technical studies, the mobilisation…
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AFRICA – Barclays, a multinational universal bank, is expanding private-banking services in Africa, looking to target the continent’s US$2 trillion net worth market. The British lender has hired nine bankers from Credit Suisse based in mainly Dubai, London and Zurich after agreeing a deal to handle clients referred by the Swiss rival, Barclays Private Bank CEO Jean-Christophe Gerard said. “Barclays…
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KENYA – E-commerce platform, Jumia has launched a new integrated warehouse and logistics network facility in Nairobi, Kenya, to enhance the consumers’ shopping experience by reducing delivery times and cutting costs. The 11,000 metres facility will transform Jumia’s logistics operations by providing increased storage capacity for scale-up of warehouse operations and also provide converged services. Located along Mombasa Road, the…
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