Bizao, a fintech company present in over 10 African countries, has announced an €8 million Series A funding round. The company hopes to accelerate its geographical footprint across the continent …
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Africa
African Export-Import Bank (Afreximbank) and the East Africa Business Council (EABC) have launched the EABC – Africa Trade and Investment Council, with the goal of creating a platform for engagement …
Payment technology and card business, Verve International has welcomed its first francophone e-commerce and merchant aggregator, CinetPay into the Verve ecosystem. CinetPay, the Ivorian-based FinTech provides online and Point-of-Sale (POS) …
The global credit rating agency Fitch Ratings has affirmed the African Development Bank’s (AfDB) long-term credit rating: AAA with a Stable Outlook. The ‘AAA’ rating is given to institutions with …
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US troops undergoing military investigations, to use Elon Musk’s rockets to rush into Africa
The US military is investigating using Elon Musk’s reusable SpaceX rockets and vehicles to rush soldiers to Africa at short notice in case its embassies are attacked. US Transportation Command …
- Business PoliciesEconomyINVESTMENTSouthern Africa
JSE resumes trade after experiencing connection glitches.
The Johannesburg Stock Exchange (JSE) on Wednesday afternoon issued a note to traders stating that trading had been halted as a result of “intermittent disconnects across all markets and services.” …
On Thursday, Seplat Energy announced its appointment of a new chief operating officer and executive director in person of Samson Chibogwu Ezugworie with effect from July 1. Mr. Ezugworie has …
- AfricaBusinessWestern Africa
NAICOM withdraws issued licenses to Standard Alliance and Niger Insurance Plc.
NAICOM, Nigeria’s National Insurance Commission on Tuesday announced the withdrawal of the operational licenses issued to Standard Alliance Insurance Plc and Niger Insurance Plc. The regulator also announced the appointment …
The 6th edition of Vivatech, a major international event for innovation and digital technology, has just opened in Paris. More than 400 startups from all over the world are here to showcase their latest …
Crossboundary, (CBEA) a Kenya-based Energy Access has raised $25 million to finance solar-powered minigrids across Africa. The funding was raised from ARCH Emerging Markets Partners limited, Bank of America, and Microsoft Climate …