Debt & Financing
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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.
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.
Spiro Secures $50 Million in Debt Funding to Expand African EV Battery-Swapping Network
African electric mobility leader Spiro has raised $50 million in debt financing from Afreximbank, Nithio, and the Africa Go Green Fund. The capital will fuel the expansion of its battery-swapping infrastructure and proprietary technology platform across the continent.
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.
LemFi Secures $53M Series B Growth Capital Led by Highland Europe to Accelerate Global Cross-Border Platform
LemFi has closed a $53 million Series B funding round led by Highland Europe to scale its cross-border financial services infrastructure and accelerate international market expansion.
Moniepoint Joins Africa’s Unicorn Club with $110M Series C led by DPI and Google
Nigerian fintech powerhouse Moniepoint has officially crossed the billion-dollar threshold, securing a $110 million Series C funding round led by Development Partners International (DPI) and Google's Africa Investment Fund.
Zenith Bank Completes Landmark $195M Tier-1 Capital Raise to Drive Regional Expansion
Zenith Bank has successfully closed a landmark $195 million Tier-1 capital raise, securing vital financial firepower to accelerate its regional expansion strategy across Africa.
LIPTON Teas and Infusions Rebalances East African Footprint via Strategic Asset Sale to Browns Investments
Lipton Teas and Infusions has rebalanced its East African operational footprint through a strategic asset sale of its tea estates to Browns Investments, shifting its business model toward a partnership approach in the region.