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UK government bets $15 million on one of Kenya’s biggest supermarket chains as QuickMart heads for IPO

Reports show that the FCDO,of the Kenyan supermarket chain, Quick Mart, to the tune of US$15 million (KES 1.94 billion)

Sadio Mané bets $20.4 million on Senegal’s mango industry to spur economic development

Mané is investing 11.7 billion CFA francs ($20.4 million) in an agro-industrial complex that will sort and export fresh mangoes while producing mango pulp, dried fruit and mango butter

Dangote’s failed bets: Here are the businesses Africa’s richest man had to shut down on his way to building Africa’s largest refinery

Dangote himself is now worth an estimated $51.3 billion. But the scale of his empire was not built through successful bets alone

Nigeria bets on digital payments to rewire global finance and cut reliance on reserve currencies

At the G-24 Technical Group Meetings in Abuja, the governor of Nigeria’s central bank, Olayemi Cardoso said cross-border payments are still too slow, expensive, and fragmented to support inclusive growth

South Africa’s biggest retailers bets on it’s informal economy with $1.3 billion fintech platform

That shift was underscored on Wednesday after Pepkor Holdings, owner of brands including Pep, Ackermans and Tekkie Town, unveiled plans to combine its fintech subsidiary Flash with merchant payments platformShop2Shop in a deal valuing the merged business at R21.3 billion ($1.29 billion)

South Africa’s biggest retailers bets on South Africa’s informal economy with $1.3 billion fintech platform