Africa’s richest man secures $356 million boost for sugar business after years of losses
Dangote Sugar Refinery has raised $356 million through a share sale as Nigeria’s biggest sugar producer moves to strengthen its balance sheet, reduce debt and expand local sugar production
AFC raises record $430 million Swiss digital bond, becomes first African issuer on regulated exchange
The five-year bond makes AFC the first African institution to issue a digital bond that is listed, traded and settled through regulated digital-market infrastructure, the corporationsaid on Wednesday
Jumia secures $50 million from IFC, Axian as African e-commerce giant closes in on profitability
IFC is investing $25 million, while Axian, one of Jumia’s largest existing shareholders, and other investors are providing another $25 million, according to regulatory filings released on Wednesday
South Africa welcomes 5.6 million tourists in six months as African travellers power double-digit tourism boom
Official figures released by South Africa’s Department of Tourism show the country received 5,584,473 international tourists between January and June, a 12.3% increase from the same period last year
Apply Now: $12 Million for Digital Technology Research in Africa – ICTworks
Africa is home to 18% of the world’s people but holds less than 1% of global data centre capacity, and only about 40% of its population is online. That gap in compute, connectivity, and digital skills is what a new pan-African research call wants to close
The family behind Indomie made a $70 million bet on Guinness Nigeria when multinationals were leaving. It’s now worth over $350 million
The brewer was reeling from foreign exchange losses, inflation was squeezing consumers and several multinational companies were retreating from Africa’s largest economy. Yet while many investors were cutting their exposure to Nigeria, Singapore-based Tolaram Corporation doubled down
M-KOPA Reaches 10 million Customers Across Africa, Nigeria Emerges |
Pan-African fintech company, M-KOPA, has reached a major milestone, serving 10 million customers across its five African markets, underscoring the rapid adoption of its financial inclusion model designed for underserved informal workers
Foundation Expands 100 Million Learners Initiative to Equip Nigeria’s – M
Tomorrow Foundation, the non-profit organization empowering the next generation of leaders and innovators across Africa and the Middle East, has signed a new three-year partnership with Thunderbird School of Global Management and Arizona State University to deliver the100 Million Learners Initiativein Nigeria
Toyota nears completion of its $634 million South Africa investment as new Hilux pickup enters production
Toyota South Africa Motors has completed more than 77% of its 10.4 billion rand ($634 million) investment programme to manufacture the next-generation Hilux pickup truck, reinforcing the country’s position as one of Toyota’s most important production hubs outside Japan
Nigeria launches $500 million agriculture fund to transform oil-rich Niger Delta
Nigeria has unveiled a $500 million Niger Delta Agricultural Investment Fund, marking one of its biggest agriculture-focused investment initiatives as the government looks to diversify the economy beyond oil and strengthen food security