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Investments
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Safaricom Ethiopia launches $1.5 billion investment with the first set of locally built telecom towers
Safaricom Ethiopia, a telco operator, has announced that it has received the first batch of 13 locally produced telecom towers...
Read moreThe African Development Bank invests $1.44 billion in Nigeria to support infrastructure development
The construction of Nigeria's transport, water, sanitation, and energy and power infrastructure has received $1.44 billion in funding from the...
Read moreMicrosoft makes a $70 million investment in South Africa to enhance AI and create jobs
Microsoft South Africa and the Department of Trade, Industry, and Competition (DTIC) have reached a 10-year deal for Microsoft to...
Read moreBritish International Investment commits $30 million to anchor Helios Towers
Helios Towers is a telecommunications infrastructure provider that operates across Africa. With towers at more than 14,000 sites, they provide...
Read moreMicrosoft and G42 Launch a $1 Billion Digital Ecosystem Initiative in Kenya
Collaborating with the Ministry of Information, Communications and the Digital Economy of the Republic of Kenya, Microsoft and G42 have...
Read moreAdumo, a South African fintech company, have been acquired by Lesaka for $85.9 million.
Adumo, a South African fintech company, has been bought by Lesaka for ZAR1.59 billion (US$85.9 million), subject to shareholder and...
Read moreIFC invests $50 million to the new LeapFrog fund in order to support the health and financial services industries in Africa
To help fast-growing health and financial services firms in Africa, South Asia, and Southeast Asia gain access to growth capital...
Read moreFSD Africa Investments is investing $19.5 million to help make Africa more resilient to climate change
The investing arm of FSD Africa, FSD Africa Investments (FSDAi), has announced additional investments totaling $19.5 million to support infrastructure...
Read moreMastercard To Purchase a Stake in MTN’s $5.2 Billion Fintech Unit, According to Recent Reports
Following the announcement that Mastercard has agreed to purchase a minority stake in the financial-technology division of MTN Group Ltd., the...
Read moreAirtel Kenya aims to invest more than $150 million to expand its network coverage
Over the next three years, Airtel Kenya expects to invest more than $150 million (KSh21.5 billion) to increase network coverage....
Read moreThe World Bank Group has committed $257.4 million to Safaricom Ethiopia for the purpose of improving mobile connectivity
The World Bank Group will provide $257.4 million (KSh36.8 billion) to Safaricom Ethiopia to support its greenfield telecommunications initiatives. Mobile...
Read moreNigerian green initiatives receive $13 million from FSDAi and InfraCredit
In collaboration with InfraCredit, FSD Africa Investments (FSDAi) has announced a £10 million (almost $13 million) investment into a ground-breaking...
Read moreThe Big 5
