Thursday, February 22, 2024
Old Mutual Private Equity (OMPE), one of the largest and most established private equity players in South Africa, has acquired a 50% interest in Medhold Group (Medhold), a prominent end-to-end supplier of world-class medical devices. The transaction has obtained unconditional...
China Telecom Global (CTG), a subsidiary of China Telecom Corporation Limited – providers of integrated telecommunication services, and Liquid Telecom, a pan-African telecoms group, announced the signing of a historic strategic partnership whereby the two companies will collaborate to...
Finnfund, a Finnish development finance company, has invested $6m in Jumo, a financial services platform providing mobile financial services in emerging markets. Finnfund’s investment, which takes the form of a debt instrument, will support Jumo’s expansion in Africa and Asia...
Global and African financial heads identified country risk as the biggest challenge to their ability to lend more to African countries. Speaking in Abidjan during a one-day forum on investment risks in Africa hosted by the African Trade Insurance...
Sweden’s development finance institution Swedfund has invested SEK 126m in the Evolution II Fund, which is focused on clean energy supply and resource efficiency in Sub-Saharan Africa. Sweden’s development finance institution Swedfund has invested SEK 126m in the Evolution II...
The Kenya Power Pension Fund (KPPF) has been named the best fund in Africa. This is after it emerged the winner of the category in the recently-held Africa Investor (Ai) Capital Market & Index Series Awards in New York, USA. The...
Amid great fanfare 44 African countries signed the long-awaited African Continental Free Trade Area (CFTA) earlier this year. The bloc is expected to boost intra-African trade – pegged at less than 20% – by eliminating import duties and scaling...
A new report by multinational professional services network PricewaterhouseCoopers (PwC) has identified how Africa’s ports and shipping sector could unlock the full potential of its economic growth. The report, ‘Strengthening Africa’s gateways to trade’, which PwC developed in response to the...
New York, 29 September – African governments can turn trade barriers into accelerators that build back stronger economies and accelerate intra-continental trade. At a high-level side event on the margins of the 76th United Nations General Assembly, the African...
In December 2022, officials from 49 African nations as well as hundreds of civil society and private sector business leaders convened in Washington, D.C. for the U.S.-Africa Leaders Summit, empowered by the promise of a revitalized U.S.-Africa partnership focused...
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