AIC News

The Private Equity & Venture Capital Association (AVCA) says Africa attracted a record $7.4 billion in private capital in 2021, more than double the year before.

A R720-million funding package to help make more buildings “green” in South Africa is just one step towards reducing weather catastrophes such as devastating floods and runaway fires, which have had a disastrous impact on the country.

British billionaire Sir James Ratcliffe has entered the Kenyan car market with the appointment of a dealer that will distribute a 4×4 utility vehicle Grenadier which resembles the classic Land Rover Defender.

Minister of Electricity and Renewable Energy Mohamed Shaker stated in October that green hydrogen would be introduced in the 2035 Energy Strategy. Since then, the government made significant steps to turn the plan into a reality.

This fourth round of financing of $54.8 million will benefit almost 69,000 women entrepreneurs in developing economies with access to digital technology and finance.

The Board of Directors of the African Development Bank has approved two loans amounting to $180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda.

The Nigerian National Petroleum Company (NNPC) will fully become a limited liability company from 1 July 2022 and operations will comply with the Companies and Allied Matters Act of 2020.

e African Development Fund (ADF) Board has approved a $5.5 million technical assistant grant to roll-out the flagship Desert to Power initiative in the eastern Sahel region of Djibouti, Eritrea, Ethiopia, and Sudan.

Development Finance Institutions like Swedfund, have a key role in helping to increase the number of sustainable businesses in developing countries as well as supporting their growth and resilience particularly after the Covid-19 pandemic.

Sasai Remit, one of Africa’s leading digital money transfer providers and a business of Cassava Technologies, a pan-African technology group, has announced a partnership with Qoki Zindlovukazi, a United Kingdom-based women’s networking and empowerment organisation.