The Carlyle Group invests US$40m in Nigeria’s online travel agency Wakanow

The Carlyle Group invests US$40m in Nigeria’s online travel agency Wakanow

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NIGERIA – The American alternative asset management and financial services corporation, The Carlyle Group has announced that it will invest US$40 million in one of West Africa’s largest online travel agencies, Wakanow.com. According to the private firm, the equity will come from…

VestedWorld invests in Rwandan health startup Kasha for Kenya debut

VestedWorld invests in Rwandan health startup Kasha for Kenya debut

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RWANDA – VestedWorld, an early-stage investor in businesses based in emerging markets has invested into Rwanda’s ecommerce startup specialized in women health and personal care products as it plans to enter Kenya. The transaction whose details remains undisclosed, will also enable the…

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…

AfDB approves $25M Investment in Fund for Renewable Energy Projects

AfDB approves $25M Investment in Fund for Renewable Energy Projects

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AFRICA – The African Development Bank Group (AfDB) has approved an equity investment worth US$25 million in ARCH Africa Renewable Power Fund (ARPF) to support renewable energy projects across Africa. The investment from AfDB comes as part of a US$250 million private…

TheBoardroom Africa Receives US$2m Injection from CDC Group

TheBoardroom Africa Receives US$2m Injection from CDC Group

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AFRICA – CDC Group, the UK’s development finance institution has announced a US$2 million funding to TheBoardroom Africa (TBR Africa) to boost diversity to companies and organisations across Africa. Marcia Ashong, Founder and Executive Director of TheBoardroom Africa, said that the partnership…

Standard Chartered launches second phase of digital banking service in Africa

Standard Chartered launches second phase of digital banking service in Africa

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AFRICA – Financial and Banking service provider, Standard Chartered, has launched the second phase of its digital-only retail bank across Africa. Standard Chartered said that the banking service will be extended in four key markets including Uganda, Tanzania, Kenya and Ghana  within…