JP Morgan, UK Aid invest $15 million in Catalyst Fund
Catalyst Fund will back 30 fintech startups in Kenya, Nigeria, South Africa, India and Mexico over next three years...
Tag : Africa
Petrobras finally makes an exit from the African continent
Petrobras’ share of production from its Nigerian assets in 2019 was around 34,000 barrels per day...
Why Kenya needs fewer banks
Around 80 percent of the profits made by the Kenyan banking sector go to the top five to six banks...
African fintechs are riding global investor sentiments
Sub Saharan Africa is now among the fastest growing fintech investment zones with trade war weary Chinese flying in with cash...
Kenya’s 4G Capital secures $2 mn to finance SMEs
The funding will be used by 4G Capital to increase its customer base in Kenya and Uganda...
Kenya Airways’ losses to increase by 25% despite restructuring
The carrier is expected to record a net loss of at least Sh7.3 bn in 2019...
Vodafone to turn M-Pesa into a bank to target Africa’s unbanked
Currently, M-Pesa accounts for 3.5% of Vodacom’s revenue...
Renewable energy now over 90% of Kenya’s energy mix
Kenya recently launched its new 50 MW solar plant to achieve the milestone...
Kenya insurtech Turaco raises $1.2 mn to upgrade operations
Investors that took part in the funding round include Gan Ventures, Mercy Corps Ventures and Musha Ventures...
Chubb first property insurer to invest in Africa Trade Insurance
Chubb, which is the world’s biggest property insurer, will invest $10 mn in African Trade Insurance Agency...