Inspiring Leadership & Sustainable Business Transformation in Africa
UGANDA – Kenyan-founded digital payments services provider Cellulant has been granted a licence by the National Bank of Uganda to offer online payment solutions. The firm has been granted a Payments Systems Operator licence in line with the National Payments System Act, 2020, which seeks to streamline burgeoning fintech space in Uganda. By obtaining the license, Cellulant will be able…
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SOUTH AFRICA – Agrarius Sustainability Engineered (Agrarius), has listed as Africa’s first Shari’ah-compliant sustainability-linked Sukuk (Sukuk) on the Johannesburg Stock Exchange (JSE). Agrarius is a Polish company which has been introducing products for agricultural and horticultural crops to the market since 2006. The listing of the Sukuk constitutes the inaugural issuance by the Company under its ZAR10 billion (US$551.5m) Shari’ah compliant sustainability-related asset…
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KENYA – Glovo, a leading multi-category delivery platform, has launched its third micro fulfillment center in Nairobi, Kenya, as the company expands its ‘Q-commerce’ division. Q-Commerce means that consumers can use Glovo to order from their favorite supermarkets and neighbourhood stores. The first micro fulfillment center was launched in June 2021, while the second was opened in June 2022, now…
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CAMEROON – The Radisson Blu hotel group has laid the foundation stone for the construction of a complex in Yaoundé, the Cameroonian capital. Funds for this project, valued at CFA37 billion (US$54.87m), will be raised from the U.S. International Development Finance Corporation (DFC). However, the local project carrier -BrightView Bethesda SA- offered Cameroonians the opportunity to become partners in…
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KENYA – Vertiv, a global provider of critical digital infrastructure and continuity solutions, has announced the opening of its new office and state-of-the-art Customer Experience Center in Nairobi. With an increasing demand for high-efficiency critical infrastructure in East Africa, this centre supports Vertiv’s efforts in offering digital infrastructure solutions to local customers. The center’s experts offer firsthand knowledge of the…
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AFRICA – Satgana, a climate tech VC firm has announced the first closing of its fund, with a EUR30 million (US$29 million) target size, and plans investments in Africa and Europe. Headquartered in Luxembourg, Satgana is a climate tech VC fund, with the ambition to invest in startups providing technological solutions to the climate emergency. Focused on climate technologies, Satgana…
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AFRICA – Flourish Ventures, a venture capital firm located in the United States, has created Madica, a pan-African investment initiative that intends to provide cash, technological assistance, and coaching to underrepresented entrepreneurs throughout the continent. The sector-agnostic initiative focuses on pre-seed stage technology firms, which is where most ideas fail. The initiative has set aside US$6 million for investment in…
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KENYA – Acorn Holdings, through its subsidiary Acorn Project (Two) LLP, has announced its intention to exercise an early redemption option of KSh800.2 million (US$6.6m) of its KSh5.7 billion (US$47m) green bond, being a portion of outstanding notes issued under the bond program. According to Acorn, the redemption will be effected on or before the 31st of this month, at…
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KENYA – Holged, a leading private education provider in Tunisia and Morocco, has announced plans to expand to Kenya and other African countries. This is after securing funds from Africa50, a Pan-African infrastructure investment platform. The firm offers a K-12 education system, an American tutoring system that includes kindergarten and 12 years of basic education such as six years of…
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KENYA – Holiday Inn, a member of the InterContinental Hotels Group (IHG), a hotel company, has officially opened its doors in Kenya. The hotel located in Two Rivers Mall in Nairobi is expected to become a top choice for family, business, and leisure travellers in Kenya. The hotel’s tranquil, elegant ambiance and the surrounding vibrant community offer a variety of…
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