AIC News

CDC Group, Norfund and DFC have invested $90m in AgDevCo, a specialist investor in early-stage African agribusinesses.

Last month, a much-publicised summit took place between the EU and AU, ostensibly to chart the two regions’ relationship for the next few years. Postponed for a year, the summit was the sixth in a series that has been ongoing since 2000, the same year that China-Africa summits began as well.

MoU could see Nigerian gas sent to Bioko Island facility, but reported plan by Chevron to exit Equatorial Guinea may complicate deal

E-commerce platform Wasla has raised $9 million from Contact Financial Holding, formerly Sarwa Capital.

Private sector investment across Africa, essential to tackle the impact of COVID and unlock sustainable growth, will be accelerated by new financing totalling EUR 62 million confirmed by EIB Global, the new specialised arm of the European Investment Bank earlier today.

The emerging markets-focused payments firm has more than tripled its valuation in less than a year to over $3bn after its latest fund-raising.

Green investments, migration, security and unequal access to vaccines will top the agenda as dozens of African heads of state head to Brussels on Thursday for a two-day summit of European Union and African Union leaders.

Global health and financing leaders and experts have come together at a high-level virtual event to tackle one of the most pressing issues facing the world today—health security.

Just over five years ago, African gamers were mostly playing games on consoles and personal computers at either cyber cafes or gaming joints, with very few people enjoying the games—most of which were foreign creations—at home.

Less than a year after Flutterwave became a unicorn through a mega-round co-led by Tiger Global, nine mostly US investors have co-invested $250 million at a $3 billion valuation, believing that this six-year-old African fintech company will eventually dominate its market.