Syntaxis launch US$33m equity fund to bridge financing gap for SMEs in Africa

Syntaxis launch US$33m equity fund to bridge financing gap for SMEs in Africa

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NIGERIA – Syntaxis Capital Africa, an independent fund manager for Sub-Saharan Africa has launched US$33.19 million private equity fund to bring financing to Small and Medium Enterprises (SMEs)in Nigeria and other selected African countries. The main goal of the funding is to…

Kenya’s Cellulant sells 44.04% stake to US based investment firm

Kenya’s Cellulant sells 44.04% stake to US based investment firm

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KENYA – Kenyan digital payments platform, Cellulant has sold 44.04% to the US-based social impact investment firm, The Rise Fund, according to Competition Authority of Kenya (CAK) filings. The deal which was concluded in May last year, was valued at US$47.89 million…