AIC News

: “We need to see the African market as one. We need to be able to develop giants like Airbus which makes components in the United Kingdom, France and other parts of Europe.

Mobiz, a South African startup integrating hyper-personalization into mobile marketing, has raised a pre-Series A round of $ 4 million from HAVAÍC, Futuregrowth, Launch Africa, Allan Gray E-Squared Ventures, CapaciTech and Endeavor’s Harvest Fund.

Economists say China’s model of investment in Africa is gaining public support, despite the debt burden it imposes on many countries.

Despite the fact that the challenges facing start-ups in small economies seem unsolvable, jurisdictions like Rwanda have seen some notable developments recently which are benefiting or will benefit the industry.

The European Investment Bank (EIB) provided more than EUR 5 billion of new financing to support more than EUR 12 billion of transformational private and public investment across Africa in 2020.

The acquisition, which will see Treepz fully acquire all of Ugabus’ operations and staff, marks Treepz’s first entry into the East African market.

In the third quarter of this year alone, African fintech firms raised $906m, according to Digest Africa, a database of early-stage investments on the continent.

African Export-Import Bank (Afreximbank) says it is poised at disbursing $40 billion to support intra-African trade over the next five years, building on the $20 billion disbursed in the past five years.

The East African Community (EAC) is a step closer to an harmonised tariff offer with other regional blocs, which is a key requirement inimplementing a continent-wide initiative allowing duty-free, quota-free movement of goods.

IHS Holding Limited , has signed agreements to acquire 5,709 telecommunication towers in South Africa from Mobile Telephone Networks Proprietary Limited (“MTN”).