US-backed EASE raises $9.5 million to deploy AI scanners and surgical robots in South Africa and Ghana
The fresh investment increases EASE’s total equity funding to $24 million and will be combined with debt facilities to finance additional medical equipment across its operating markets
Nigeria-focused OPay seeks $366 million in New York IPO at $4.4 billion valuation as Standard Bank commits up to $200 million
The company is offering approximately 16 million American Depositary Shares at between $19 and $21 each and plans to trade on the New York Stock Exchangeunder the ticker OPAY
British investor BII eyes Nigeria’s $50 million startup fund with Japan, finance minister says
The potential participation would bring another international investor into an initiative intended to finance Nigerian businesses addressing economic and social challenges. The Nigeria Sovereign Investment Authority (NSIA) has previously described the vehicle as a $50 million Impact Innovation Fund
De Beers transfers $75 million to Botswana as diamond economy searches for life beyond mining
The payment provides the initial capital for a fund designed to support industrial development, export competitiveness, enterprise growth and employment
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)
JPMorgan reportedly deposits $38 million with Nigeria’s central bank as banking launch moves closer
The deposit meets the minimum paid-up capital requirement for a nationally authorised merchant bank in Nigeria and represents one of the final regulatory steps in JPMorgan’s application, according to people familiar with the process
Vedanta invests $600 million to double zinc production capacity in South Africa – CNBC TV18
Vedanta has doubled its annual zinc production capacity in South Africa to 500,000 tonnes following an investment of nearly $600 million in the second phase of its Gamsberg mine, the company said in a press release on Sunday (October 18)
Africa’s 406 million gamers are triggering a race to build the business around them
Africa’s 406 million gamers are triggering a race to build the business around them
Africa’s second-largest economy secures $88 million from U.S. energy giant Chevron for massive offshore oil and gas exploration
The contract was signed with the Egyptian Natural Gas Holding Company (EGAS) and witnessed by Minister of Petroleum and Mineral Re
Kenya’s second-largest supermarket opens $116 million share sale as World Bank arm lines up $15 million investment
Quickmart’s offer opened on 5 October, giving investors access to half of a business that has expanded into one of Kenya’s most recognisable grocery chains