Centum Investments raises US$65m to finance operation across East Africa

Centum Investments raises US$65m to finance operation across East Africa

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KENYA – Centum Investment has raised US$65million (Sh6.5 billion) from South Africa-based Nedbank for bankrolling ongoing projects across East Africa. The re-financing deal was signed between the Nedbank Corporate and Investment Banking (CIB), the Nedbank property finance division, and Centum Real Estate,…

GABF announces multi-million Euro funding commitment to invest in German-African energy startups

GABF announces multi-million Euro funding commitment to invest in German-African energy startups

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AFRICA – The Germany Africa Business Forum (GABF) in collaboration with private partners from the energy industry has announced a multi-million Euro funding commitment to invest in German energy startups that focus on Africa. The funding commitment, which pledges funds to German…

Lafarge Africa approves the sale of its South African subsidiary for US$316 million

Lafarge Africa approves the sale of its South African subsidiary for US$316 million

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NIGERIA – Lafarge Africa Plc, a pan African cement manufacturer headquartered in Nigeria is set to offload Lafarge South Africa Holding Limited (LSAH)to LafargeHolcim Group for the sum of US$316.2 million. This follows the shareholder’s approval of the proposed sale of the…

Powerhive Inc raises US$9.3m to expand solar power connectivity in Africa

Powerhive Inc raises US$9.3m to expand solar power connectivity in Africa

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KENYA – Powerhive Inc, a micro-grids operator, has raised US$9.3 million (Sh930 million) in its Series B round of funding to enable the firm expand its solar power connectivity. Powerhive chief executive Christopher Hornor said Toyota Tsusho participated in the latest round…