The African Export-Import Bank (Afreximbank) in Nairobi has announced the disbursement of a $120-million financing facility to Djibouti’s Great Horn Investment Holding (GHIH) for the execution of a... 

Ten innovative Southern African startups have been awarded financing through the Southern Africa Innovation Bridge Portal Fintech Challenge to advance their solutions, and help improve financial... 

The United States Agency for International Development (USAID) announced last month that it has committed $3-million to the African Water Facility (AWF). The funding will support the preparation of... 

Black-owned private equity investment firm Agile Capital focuses on investments that drive sustainable development and have a demonstrable track record of growth and investment returns, with Agile... 

London-headquartered investment company Mainbridge has issued an $800-million Africa-related bond offering on the Frankfurt Stock Exchange (FSE). The bond is structured to appeal to long-term... 

Real estate developer Attacq and the Government Employees Pension Fund (GEPF) have concluded a nonbinding term sheet that will result in the GEPF acquiring a 30% interest in Attacq’s AWIC... 

Global foreign direct investment (FDI) fell by 12% to $1.3-trillion in 2022, the ‘World Investment Report 2023’, released by the United Nations Conference on Trade and Development (Unctad) on July... 

The world’s least developed countries rely on external sources for almost three-quarters of their energy investment but may pay up to seven times more than developed countries to access... 

African and global institutional investors have signed subscription agreements and letters of intent in preparation for the first close of the Africa50 Infrastructure Acceleration Fund (IAF), which... 

South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator. The Financial Sector Conduct Authority... 

Financial technology (fintech) group Capital Appreciation has completed the R131.2-million acquisition of Dariel Solutions, the parent company of South African information technology (IT) software... 

Development finance institution the Development Bank of Southern Africa is celebrating 40 years of delivering progress through critical infrastructure that transforms livelihoods, while sustaining... 

Development finance institution the African Development Bank (AfDB) has approved an $11-million equity investment in BluePeak Private Capital Fund toward its $155-million target for final close.... 

Finance Minister Enoch Godongwana has appointed Yanga Mputa as the Tax Ombud, effective from July 1. Mputa becomes South Africa’s first female Tax Ombud. The appointment is for a period of five years. 

JSE-listed industrial products supplier Hudaco Industries has reported a strong performance amid a challenging six months ended May 31, with turnover having increased by 12.4% to R4.3-billion,... 

Pan African financial institution the African Export-Import Bank (Afreximbank), in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat, have launched the Africa Trade... 

Tax-leveraged alternative investment company Anuva Green Energy is actively seeking additional partnerships with industry experts, and reputable engineering, procurement and construction and solar... 

Private equity manager Capitalworks has closed the sale of South African boat builder Robertson and Caine, known for its catamarans, to international investment company Vox Ventures. This... 

The Allan Gray Makers programme says it is taking a proactive step to address unemployment and poverty in South Africa through its Artisans of Mzansi Campaign, which is aimed at amplifying the... 

JSE-listed investment fund African Rainbow Capital Investments (ARC Fund) notes that the third quarter of its 2023 financial year was characterised by a challenging macroeconomic environment... 

In a trading update for the ten months ended April 30, service, trading and distribution group Bidvest has reported that its financial performance remains robust and has so far been sustained in... 

Investec Bank has bought a majority stake in European adviser Capitalmind Group, the latest deal for a boutique firm amid the worst mergers and acquisitions slump in a decade. The subsidiary of... 

Supply chain and logistics company DP World and financial services firm Standard Bank have partnered to offer trade finance solutions. African companies looking for trade finance will now be able... 

In a move to further diversify its debt profile, infrastructure solutions provider the Africa Finance Corporation (AFC) has secured a $625-million syndicated loan with new lenders from the Middle... 

Since its establishment in 2021, risk mitigation solutions provider Africa Speciality Risk (ASR) has set its sights on consolidating its underwriting activities in South Africa as part of its... 

Development finance institution the African Development Bank (AfDB) has appointed Mike Salawou as the director of its Infrastructure and Urban Development Department, effective from May 16. Salawou... 

Zimbabwe President Emmerson Mnangagwa has promised development partners and creditors that his government will implement reforms necessary for resolving the country’s nearly $8.3-billion debt and... 

Construction company Wilson Bayly Holmes-Ovcon (WBHO) listed on A2X on April 11, and data gathered by the exchange reflects that WBHO shareholders are now able to transact at the best price on A2X,... 

African private capital markets experienced a record-high volume of deals in 2022. As a result, deal volumes in the region recorded a remarkable 46% year-on-year growth, and venture capital was the... 

Impact investor and private credit provider Norsad Capital on April 26 launched its 2022 Capital Impact Report, the sixth iteration of these reports, with CEO Kenny Nwosu indicating that last year... 

Specialised global asset management firm The Rohatyn Group (TRG) on April 3 announced the completion of its acquisition of Ethos Private Equity, an alternative asset management firm in Africa.... 

Financial services provider Absa has entered into a vehicle finance alliance agreement with local subsidiary of the Beijing Automotive Group, BAIC South Africa (BAIC SA), as the vehicle... 

Small and medium-sized enterprise (SME) financier Business Partners has launched a R400-million Energy Fund aimed at helping SMEs finance viable sources of alternative electricity and thereby keep... 

Sugar company Tongaat Hulett former CFO Murray Munro has been banned from being a director or officer of any listed company for ten years, with immediate effect.  The JSE found that he failed to... 

The government of Tanzania, the African Development Bank (AfDB) and the French Development Agency (AFD) have signed agreements for two development project loans worth $300-million to finance the...