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Historic Milestone: Nandi-Ndaitwah Becomes Namibia’s First Female President
Apple Pledges $1 Billion to Overcome iPhone 16 Ban in Indonesia
SIFEM Invests $15M in Africa’s Thriving Credit Market with Ninety One’s Opportunities Fund 3
SPE Capital Injects $35M into Morocco’s Dislog Group to Drive Consumer Goods Expansion
Holcim Exits Nigeria with $1 Billion Deal: Sells 84% Lafarge Africa Stake to Huaxin Cement
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STARTUPS
Apple Pledges $1 Billion to Overcome iPhone 16 Ban in Indonesia
SIFEM Invests $15M in Africa’s Thriving Credit Market with Ninety One’s Opportunities Fund 3
SPE Capital Injects $35M into Morocco’s Dislog Group to Drive Consumer Goods Expansion
M-KOPA Eyes $400M Revenue Milestone, Cementing Leadership in Africa’s Pay-As-You-Go Fintech Revolution
Breega Unveils $75M Fund to Support African Startups, Highlighting Vast Opportunities
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PUBLIC SECTOR
Holcim Exits Nigeria with $1 Billion Deal: Sells 84% Lafarge Africa Stake to Huaxin Cement
Dr. Ngozi Okonjo-Iweala Secures Historic Second Term as WTO Director-General
MTN Nigeria’s $120M 5G rollout sets a new benchmark for internet speeds in West and Central Africa!
Ninety One Raises $260 Million in Initial Close for Africa and Emerging Markets Credit Fund
PepsiCo Commits R746 Million to Expand Operations in South Africa
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Year:
2023
Emerging Africa Infrastructure Fund Allocates XOF $48m to Launch Asset-Backed Security in West Africa
Egypt’s MNT-Halan has secured a securitization of $130 million, bringing its total funding for 2023 to more than $400 million.
Interswitch has incurred losses of $38m due to chargeback fraud
Black business owners have been given $25,000 grants to help expand their enterprises.
The co-founders of Skype and Flutterwave support a $205 million tech fund for Africa.
The e-commerce earnings in Africa are projected to reach $59.18 billion by 2027, with an annual growth rate of 10.4%.
list of African nations that are set to benefit from the IMF’s $1 billion financial assistance program
In July 2023, African startups secured funding totaling $123.4 million.
The African Development Fund has given its approval for a grant of $102.59 million to support Ghana’s Fiscal Consolidation and Economic Recovery Program.
The founders of Skype and Flutterwave are supporting a $205 million tech fund for Africa
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