AIC News

British International Investment (BII), the UK government’s Development Finance Institution (DFI), formerly known as CDC Group has introduced its new name and announced a $20 million, 4-year structured credit investment in Moove – a mobility fintech democratising access to vehicle ownership in Africa.

The bank was granted the required licenses from the Central Bank of Egypt (CBE) and the Bank of South Sudan (BSS) to take the necessary actions to maintain its presence and conduct business in South Sudan.

In a ceremony last month at the Presidential Palace in Malabo, the esteemed Presidents of both The Gambia and Equatorial Guinea, H.E. Adama Barrow and H.E. Teodoro Obiang Nguema Mbasogo, inked four bilateral agreements to advance trade and diplomatic ties between the two nations.

MFS Africa, Africa’s largest digital payments network, today announces that it has secured an additional $100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in the series to $200 million.

A group of local investors joined together on Tuesday to apply for a license from the Financial Regulatory Authority (FRA) to establish the first company to operate in the field of Investment Banking through the use of fintech, which will be called Exits.me.

The time to invest in the Nigerian aviation sector is now and not later, and that is because there are diverse opportunities in the sector.

The Head of Corporate and Institutional Banking of Mauritius Commercial Bank (MCB), Thierry Hebraud, has revealed plans to expand the company’s operation into Nigeria, as the company reviews its revenue sources.

Nigeria’s commodities trading ecosystem for solid minerals is gaining traction providing a good sign for the economy, especially with regards to diversification, said Akin Akeredolu-Ale, managing director, Lagos Commodities & Futures Exchange (LCFE), at a recent virtual seminar.

The Alliance for a Green Revolution in Africa (AGRA) in collaboration with the Ministry of Food and Agriculture has held a SeedSAT recommendations validation meeting to deliberate on how to enhance Ghana’s food security through the improvement of the country’s seed systems.

Africa’s biggest pay-TV company, MultiChoice, is looking to focus its investment more in airing Afrrica-made shows, in collaboration with local producers and actors for the next two years.