Helium Health, a Lagos-based healthcare technology company, today announced it has completed a $10 million Series-A funding round. Global Ventures … More
Category: Uncategorized
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 … More
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 … More
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 … More
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 … More
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 … More
Alitheia IDF fund for women-led African enterprises reaches second close at $75 million
A joint venture fund aimed at growing women-led businesses in Africa has reached its second close at $75 million and … More
African Development Bank Group approves Gender Equality Trust Fund
The Board of Directors of the African Development Bank Group have approved a new Gender Equality Trust Fund (GETF) aimed … More
Actis to create a $250 million African data centre platform
Actis, a leading investor of private capital into global emerging markets, establishes a US$250 million pan-African data centre platform. … More
Investors close $160m for the Facility for Energy Inclusion
The African Development Bank (AfDB), the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly … More
