Ingressive Capital has announced the completion of its $10 million African tech fund. Founded by Maya Horgan Famodu in 2017,…
Africa Finance Corporation issues US$700 Million 5-year Reg S Eurobond
Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider in Africa, today announces the successful issuance of…
Germany looks to facilitate private sector investments in Africa
The German government’s policy, in terms of targeting its ODA spending, has followed the principle of diffusing aid globally on…
DFC Approves $1 Billion of Investments in Global Development
The U.S. International Development Finance Corporation (DFC) Board of Directors has approved $1 billion of investments that will advance development…
Helium Health Secures $10 Million in Series A Financing Round
Helium Health, a Lagos-based healthcare technology company, today announced it has completed a $10 million Series-A funding round. Global Ventures…
The OPEC Fund increases support for trade and development in Africa
The OPEC Fund for International Development (the OPEC Fund) has increased its trade finance program from US$50 to US$100 million…
Novastar Ventures fund closes at $108m for investments in East, West African startups
The Novastar Ventures Africa Fund II has held its final close at US$108 million, which will be used to back…
IFC, Proparco Join Efforts to Maximize Development Impact and Accelerate COVID-19 Recovery
IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD) devoted to…
Remittance flows to fall by 23% in Sub-Saharan Africa – World Bank
Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by…
European DFIs plan for billion-dollar bailout to save jobs in Africa
Development Finance Institutions (DFIs) in Europe aim to launch an emergency liquidity facility focusing on African firms hit by the…
