Macro & Markets
Moroccan Water Infrastructure Leader SNCE Welcomes CDG Invest Growth and Mediterrania Capital Partners as Minority Shareholders
The historic hydraulic engineering firm is bringing in institutional investors to accelerate regional expansion across Africa and the Middle East while keeping the founding Laraqui family at the helm.
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Dangote Petroleum & Petrochemicals Enlists 24-Bank Syndicate to Drive Historic $1.6 Billion IPO
A powerhouse consortium of regional and international financial heavyweights has been officially assembled to manage the milestone public offering of the 650,000 barrels-per-day refining giant.
Moroccan Water Infrastructure Leader SNCE Welcomes CDG Invest Growth and Mediterrania Capital Partners as Minority Shareholders
The historic hydraulic engineering firm is bringing in institutional investors to accelerate regional expansion across Africa and the Middle East while keeping the founding Laraqui family at the helm.
Ghanaian Fintech Seevcash Secures $333,000 in Stellar Community Fund Grants to Expand Diaspora Remittances
The blockchain-powered fintech platform is expanding its digital wallet infrastructure, deepening its MoneyGram integration, and scaling the adoption of its physical Visa cards across African diaspora corridors.
AHL Venture Partners Hits $45.5 Million Second Close for Africa Credit Fund I Following $15 Million Commitment
The pan-African debt fund has advanced toward its $70 million target, backed by Ceniarth and co-investors, to scale senior secured and mezzanine lending across high-impact sectors.
African Fintech Nomba Secures $3 Million Debt Facility via CardinalStone to Scale Africa-Asia Payment Infrastructure
The B2B financial services provider is leveraging new debt capital to boost U.S. dollar liquidity through Hong Kong and Singapore, positioning its Democratic Republic of Congo hub for faster trade settlement.
South Africa-Focused Regtech Instarc Secures €1.25 Million to Accelerate Cloud-Native Compliance Platform Rollout
The strategic investment round, led by HFO Investments, will scale the firm's modular regulatory infrastructure designed to streamline customer due diligence and FICA compliance.
Global Ride-Hailing Giant Uber Exits Nigeria and Uganda After Over a Decade of Operations
The multinational platform has abruptly wound down its services in two of its key East and West African markets as part of a broader corporate restructuring and strategic portfolio reset.
Africa50 Appoints Former IFC Regional Director Cheick-Oumar Sylla as CEO of its Project Development Fund
Bringing over three decades of development finance and infrastructure investment experience, the seasoned executive steps in to accelerate the continent’s pipeline of bankable opportunities.
Flutterwave Acquires Open Banking Startup Mono in All-Stock Deal Valued Up to $40 Million
African payments giant Flutterwave has acquired Nigerian open banking infrastructure startup Mono, marking a major strategic milestone in the continent's digital financial services ecosystem.
Diageo to Sell Controlling Stake in East African Breweries to Asahi in $4.8 Billion Deal
Diageo plc has entered into a definitive agreement to divest its controlling shareholding in East African Breweries Limited (EABL) to Asahi Group Holdings in a landmark $4.8 billion transaction, reshaping the consumer goods and beverage landscape across East Africa.
AXIAN Telecom Expands East African Fiber Footprint via Acquisition of Wananchi Group
AXIAN Telecom expands its East African digital infrastructure footprint by acquiring a majority stake in regional internet provider Wananchi Group.