Inspiring Africa's Sustainable Business Growth
SOUTH AFRICA – Be Mobile Africa, a neobank that provides affordable banking services, has announced the launch of their new multi-currency business banking platform for businesses in Africa. The platform will enable customers to apply for and open USD and EUR business accounts within 48 hours, without the need to visit a bank branch in person. The neobank’s new service…
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AFRICA – Vodacom Business Africa has announced plans to launch its software-defined wide area networking (SD-WAN) solution to clients in all 47 operating countries across its African footprint after a successful trial in South Africa. SD-WAN is emerging as the go-to solution in business, delivering unmatched performance and cost benefits, including increased agility and quality of service, better reliability and…
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DRC – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement with Equatorial Power (EP), committing US$1.7 million to scale the company’s innovative mini-grid model in the Democratic Republic of the Congo (DRC) and Rwanda. The project will see the companies co-develop four new mini-grids and four agri-processing hubs (APHs) on Idjwi Island, DRC, followed…
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AFRICA – The Fund for Export Development in Africa, FEDA, the impact investment arm of the African Export-Import Bank, Afreximbank, set up to support intra-African trade growth, value-add export development and industrialization, has announced its first close of US$670 million across its four fund strategies. Of the US$670 million raised, US$270 million is earmarked for FEDA Direct Equity Fund I,…
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ETHIOPIA – Ignite Investment Inc. has developed an equity crowdfunding platform that links Ethiopian startups with investors from the diaspora who are interested in investing in Ethiopian companies. By giving equity in their business to a large number of individual investors contributing relatively modest amounts of money, entrepreneurs can obtain financing through a process known as equity crowdfunding. Ignite is…
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GHANA – Bamboo, a Nigerian online brokerage firm that allows Africans to invest real time in local and foreign asset classes, has announced its official launch in Ghana. Bamboo offers a wide range of premium investing content and education tools tailored to users who are new to investing in U.S. stocks. “We believe strongly that all Africans should earn a…
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NORTH AFRICA – Canon Central and North Africa announced the launch of its revolutionary virtual film school called Canon Academy Video, aimed at providing filmmakers with a dynamic, interactive, and engaging educational platform. Canon is a provider of digital cameras, digital SLR cameras, inkjet printers & professional printers for business and home users With this first of its kind, newly…
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SOUTH AFRICA – DHL Global Forwarding, an international air, ocean, and road freight services provider, has launched a new US$6.83 million facility (R127 million) transhipment hub and head office in Johannesburg, South Africa. The sustainable, primarily solar-powered complex is located in the Sky Park Industrial Estate it provides easy access to OR Tambo International Airport. The facility’s opening marks a…
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RWANDA -Doğuş Group, a Turkish company, has announced plans to investing in Rwanda’s hospitality sector by setting up at least three luxury resort hotels. This was announced by Ferit Şahenk, the group chairman, following his meeting with Prime Minister Edouard Ngirente which was held in Kigali. According to him, they plan to construct high-end luxury hotels and restaurants in Kigali…
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AFRICA – African Women Impact Fund (AWIF) Initiatives has been launched with a commitment of US$60 million. These funds will provide capital to existing women owners and women fund managers across different asset classes and African regions. The AWIF is an Initiative of the Economic Commission of Africa (ECA) together with its partners: UN Women, the Office of the Special…
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