AIC News

Development finance institutions funded by the G7 nations have announced the launch of a new platform designed to boost investment in fragile and conflict-affected states in Africa.

Ecobank Group’s (www.Ecobank.com) Commercial Banking business has partnered with five insurance companies (OLD MUTUAL, ALLIANZ, SUNU, SANLAM & NSIA) to offer a range of Bancassurance solutions to Ecobank’s Small and Medium-sized Enterprise (SME) customers across markets where Ecobank operates.

The management of Alitheia IDF (AIF), Africa’s first women-led and women-focused private equity fund, has announced the final close of the $100 million fund with European Investment Bank (EIB) joining as the closing investor with $24.6 million.

Off-grid renewable energy provider Winch Energy has opened a crowdfunding campaign to fund solar off-grid development to connect people in Sierra Leone and Uganda to clean power.

The ECOWAS Commission and the French Development Agency (AFD) at the weekend signed a New Grant Agreement of €8 million to Support the Food Security Storage System in West Africa.

Cassava Technologies (CassavaTechnologies.com), Africa’s first integrated tech company of continental scale, today announced that it has entered into a memorandum of understanding (MOU) with Mitsui & Co., Ltd (Mitsui).

The OMVS’s overall objectives are to increase food security, produce energy, reduce poverty, and promote the free movement of goods and services.

Treepz’s mission to provide commuters with convenient and affordable means of transportation within cities and across Africa, is further accomplished with its newest partnership with CMS Taxi and Motor Nigeria Limited (CMS T&M) in Lagos.

Bento, Nigeria’s digital payroll and human resource management platform, is expanding to Ghana, Kenya and Rwanda, with plans to set up operations in six other markets in Africa over the next year.

Verdant Capital (Verdant-Cap.com) has been named by Private Equity Africa as the best Local Financial Adviser for 2021. Private Equity Africa, or PEA is an authoritative journal for private equity investors in Africa and into Africa. Now in its 10th year, the PEA awards are the ultimate accolade of success in the African Private Equity industry.