AIC News

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.

Cameroon’s Investment Promotion Agency (API) recently signed an agreement with the construction company CCMM, making it eligible for the tax and customs incentives provided by the 2013 law on private investment in the country.

China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks in the United States, Germany, Japan and France combined, a new study showed.

The Emerging Africa Infrastructure Fund (EAIF) will lend $35 million to the Kesses solar generation plant in Kenya.

Guaranty Trust Holding Company Plc, a diversified financial services provider, today notified the Nigerian Exchange Group (NGX) and the investing public that GTCO Plc has concluded the acquisition of the 100% equity stake in Investment One Pension Managers Limited (IOPM) and Investment One Funds Management Limited (IOFM) (together, the Companies) held by Investment One Financial Services Limited.

In all, 564 startups raised a combined US$2,148,517,500 in 2021, representing incredible growth. The number of funded startups grew by 42.1 per cent from 397 in 2020, and the funding total was almost treble – up 206.3 per cent from the US$701,460,565 banked the previous year.

Prime Minister Edouard Ngirente has touted private investments as a key driver for recovery of small and medium businesses (SMEs) in the face of the Covid-19 pandemic and other global challenges.

The Ministry disclosed that one of the major energy companies in Russia, Energy solutions, electro technical holding company ERSO, has shown interest to invest in the energy sectors of Ethiopia.