2022

Adiwale Fund I announces the acquisition of a minority stake in IDC

21 January 2022

Mauritius/Abidjan, 18 January 2022 - Adiwale Fund I announces the acquisition of a minority stake in IDC. IDC is a drilling services company which started operations 10 years ago in Senegal and today also operates in Cote d’Ivoire, Mali and Guinea, with f…

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Britain’s DFI beats 2020 Africa Investment Summit pledge to invest GBP 2 billion in Africa

20 January 2022

CDC Group reaches milestone despite upheaval caused by the pandemic Africa to remain the focus for investment over the next five-year strategy period London - 20 January 2022 - CDC Group, the UK’s development finance institution, today announced tha…

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Copia Global raises US$50m to ramp up Africa expansion

20 January 2022

Nairobi, Kenya - January 2022 - Copia Global announces the company has raised $50 million in a Series C equity round led by Goodwell Investments. Copia is the first and only B2C e-commerce platform with a distribution solution to serve the rapidly growing…

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IQ-EQ launches Hybrid Funds Desk to meet growing client and industry demand

20 January 2022

Leading global investor services provider announces new, market-leading offering for hybrid fund managers Luxembourg – January 20, 2022 – IQ-EQ, a leading global investor services provider, announced today the launch of its new Hybrid Funds Desk. The new…

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Bowmans shines at the Chamber Africa Awards

19 January 2022

Leading African law firm Bowmans has been recognised at the Chambers Africa Awards ceremony held on the 13th of January. The firm’s Kenyan practice was named Kenya Law Firm of the Year and its chairman and senior partner, Ezra Davids, was named South Afri…

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FinDev Canada and its 2X Canada facility invest in Energy Entrepreneurs Growth Fund to contribute to greater access to clean energy in Africa

19 January 2022

Montreal, January 2022 - FinDev Canada and its 2X Canada facility announced today a participation of up to US$ 13 million in Energy Entrepreneurs Growth Fund (EEGF). The Energy Entrepreneurs Growth Fund offers catalytic financing and technical assistance …

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Proparco and Absa join forces to support SMEs impacted by the Covid-19 crisis

19 January 2022

Proparco is collaborating with South Africa's third largest bank by assets, Absa Bank Limited, by granting it a senior loan of $20 million to contribute to its support plan for Corporate SMEs in the context of the continuing Covid-19 crisis. South Africa…

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AFC raises US$400m in syndicated loan for critical infrastructure in Africa

18 January 2022

Lagos, 18 January 2022. Africa Finance Corporation, Africa’s leading infrastructure solutions provider, has raised USD$400 million in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure. The three-ye…

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SeamlessHR raises $10 Million from TLcom Capital for cutting-edge cloud HR and payroll solutions across Africa

17 January 2022

The funding round led by TLcom Capital will accelerate SeamlessHR’s next phase of growth and international expansion. Lagos, Nigeria - SeamlessHR, the leading human resources (HR) and payroll technology company in Africa, announces it has raised $10 mill…

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FMO grants EUR5mn loan to Fin'ELLE to support MSMEs and women in Cote d'Ivoire

13 January 2022

The COFINA Group is pleased to announce the new partnership with FMO, which has approved a EUR5mn investment with Fin'Elle, La Finance pour ELLE. The subsidiary of the COFINA Group is dedicated to supporting women entrepreneurs in Côte d'Ivoire and offeri…

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AfDB Board approves EUR10.5mn investment in tech startup fund to boost innovation across Africa

02 January 2022

The Board of Directors of the African Development Bank Group has approved an equity investment pool of EUR10.5mn toward the first close of the Janngo Start-Up Fund, a pan-African tech start-up fund. The pooled funds comprise EUR7mn provided by the Africa…

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Aruwa Capital Management invests in CrowdForce

01 January 2022

Aruwa Capital Management (“Aruwa”), an early-stage growth equity and gender lens fund investing in Nigeria and Ghana is pleased to announce an investment into CrowdForce (the “Company”), a financial services distribution platform facilitating delivery of …

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@Loewhaley Ummmm.. 😅

The countdown to the AVCA Conference is on, and you can now book early bird tickets! Join us for a week of engagi… https://t.co/1Ah2KBrbzL

We're hiring an Events Manager to organise and deliver AVCA’s events and training, including conferences, webinars,… https://t.co/buvQx5JOLQ

👩🏾‍💻 Women-led startups raising millions 🌍 Influx of international capital 🦄 More homegrown unicorns 2021 was a fa… https://t.co/lhy7x3UvUX

RT @CDCgroup: For #COP26, we produced a series of videos for our YouTube channel all focused on: ✅ The role of investment in supporting cl…