Latest News East Africa
Development Bank
12/01/2024 at 16h19, by Africa Business+
Uganda Telecom embarks on rural infrastructure expansion after financial upheaval
The group, which has returned to 100% public ownership, will install over 650 towers in areas with little...
Development Bank
11/01/2024 at 17h28, by Africa Business+
AIIB targets Rwanda for $100m in electricity support
The Asian Infrastructure Investment Bank (AIIB) was set up at China’s initiative as an alternative financing...
Maritime transport
11/01/2024 at 16h36, by Africa Business+
AGL raises funds and shows interest in Mombasa port
Find out more with Africa Business+.
Development Bank
19/12/2023 at 16h30, by Africa Business+
Development Bank of Rwanda gets €20m to support green transition
Rwanda’s local banking establishment is stepping up its initiatives to position itself as a key financial...
Bank
18/12/2023 at 19h20, by Africa Business+
Tanzania’s CRDB receives $300m facility from US DFC
The bank, which has already received post-covid cover from the US, is at it again. This time, with more...
Development Bank
12/12/2023 at 15h56, by Pierre-Olivier Rouaud
Aqua Expeditions seeks $45m for luxury cruises in East Africa
The Singapore-based company, which already operates in the Amazon, Mekong and Bali, is looking to expand...
Mines
08/12/2023 at 16h45, by Louise Margolin
Rwanda: Luma Africa plans to expand tin smelter
The subsidiary of Luma Holding, a Malta-based group run by a Polish team, is looking to expand its investments...
Commercial banking
08/12/2023 at 16h29, by Africa Business+
Ethiopia: Zemen Bank ready to invest in multilateral trade finance programme
The Addis Ababa-based bank is negotiating with the International Finance Corporation (IFC) for financing...
Capital Market & Private Equity
07/12/2023 at 16h37, by Aurélie Benoit (old en)
Métier manager Paul Botha ready to close Capital Growth Fund III in 2024 [Free]
The South African manager could close his final fundraising round in the next few months, having added...
Commercial banking
06/12/2023 at 18h56, by Africa Business+
Ruth Zaipuna’s NMB Bank wins IFC backing for Tanzania’s first sustainability bond
The bond, first listed on 25 September, totals $400 million and is denominated in US dollars and shillings....
Insurance
05/12/2023 at 17h00, by Christelle Marot
Olea Insurance Solutions Africa acquires 70% of Uganda’s Ballpack Insurance Group
Details from Africa Business+.
Private Equity
04/12/2023 at 15h25, by Aurelie Benoit
Chui Ventures, VestedWorld and SME Impact Fund join Mastercard Foundation Africa Growth Fund portfolio
The $200 million fund of funds is significantly expanding its holdings with three new investments, up...
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