AIC News

Chimera Investment has invested $50m through a secondary purchase of shares from a subsidiary of Airtel Africa in Airtel Mobile Commerce (AMC).

GetEquity, a Nigeria-based investment platform, came into the market with the mantra of “challenging the status quo of startup financing and venture capital” in Africa.

In a significant increase in its financing operations, the Jeddah-based AAA-rated Islamic Development Bank (IsDB) has approved US$ 1.6 billion to finance 24 new development projects in 19 member countries.

The transition to a green economy is expected to create many new jobs around the world, including in sub-Saharan Africa.

International cash payments platform Pipit Global and pan-African payments company Cellulant have extended their partnership agreement to now include eighteen countries in Sub-Saharan Africa.

Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt.

In a partnership between Energise Africa and Solarise Africa, crowdfunders in the UK have raised over £1 million (approximately $1,32 million) in just days to fund eight large-scale solar energy projects in sub-Saharan Africa.

Activity around African venture capital firms raising funds continues to increase as we head towards the end of the year. In the latest development, Abuja- and Lagos-based Ventures Platform is today announcing the first close of its $40 million pan-African fund.

Dedicated to supporting community-based solutions to engrained social problems, The Nick Maughan Foundation is delighted to support Harpenden Spotlight on Africa further its mission to deliver lasting change to the lives of people in desperate need in Uganda.

Projects include credit to SMEs, roads, electricity networks, schools, warehouses.