Oil and gas company Eni announces 5 exploration licenses in Egypt

EGYPT – Italian oil and gas company Eni has been awarded five new exploration licences, located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez, by the Egyptian Ministry of Petroleum. The licenses, four of which as the operator, are in the Egyptian offshore and onshore, and follow the successful participation to the 2021 competitive ‘Egypt International Bid…

Read More

Actis-backed Honoris makes an entry into Egypt with Merit University acquisition

EGYPT – Honoris United Universities, that is majority-owned by leading global investment firm Actis, has announced that its latest expansion by signing definitive transaction documents to acquire Merit University, the leading private university in New Sohag City, Egypt. The transaction, which is pending regulatory approvals, marks Honoris’ entry into Egypt, adding Merit to its lineup of other universities. Honoris is…

Read More

Energise Africa and Solarise Africa secure US$1m for large-scale solar energy projects

AFRICA – In a partnership between Energise Africa and Solarise Africa, crowdfunders in the UK have raised over £1 million (US$1.36m) in just days to fund eight large-scale solar energy projects in sub-Saharan Africa. Solarise Africa, a pan-African Energy-as-a-Service company with roughly 10MW of operational solar plants across Sub-Saharan Africa, has raised a total of £1.05 million (US$1.43) to date. …

Read More

Property developer Centum RE secures US$150m investment from GEM Global Yield

KENYA – Centum Real Estate Limited, a wholly-owned subsidiary of Centum Investment company, has signed an agreement with GEM Global yield, the Luxembourg-based private alternative investment group, to provide Centum Real Estate with a share subscription facility of up to Shs17 billion  (US$150 million) for a 36-month term. Global Emerging Markets (GEM) is a US$3.4 billion alternative investment group with…

Read More

Ecommerce startup Afrikrea raises US$6.2m pre-Series A funding, rebrands to ANKA

IVORY COAST – Afrikrea, an ecommerce startup, has raised a US$6.2 million pre-Series A funding round and rebranded as “ANKA”. The new funding round was led by Investisseurs & Partenaires, an investment firm dedicated to funding small and medium African enterprises, and includes participation from Alibaba’s executive vice chairman Joe Tsai, Bestseller Foundation, VestedWorld, Enigmo, Groupe Prunay and Rising Tide…

Read More

Asset broker Exness expands its presence in Africa

AFRICA – Exness, one of the biggest multi-asset brokers in the world, will continue to expand its presence in Africa in 2022. With a strong presence in Africa over the past year and a Financial Sector Conduct Authority (FSCA) license under its belt from the South African regulator, Exness’ strategic expansion plans will cover countries like Uganda and Rwanda in…

Read More

Shelter Afrique set to raise US$500m for affordable housing projects in Nigeria

NIGERIA – Shelter Afrique, the pan African housing finance and development institution, is planning to raise about N250 billion (US$500m) housing bond next month aimed to address the housing deficit in Nigeria. The Company is set to commence the road shows with prospective investors in January 2022 and is expected to conclude fundraising by end of February. “Shelter Afrique has…

Read More

Microsoft appoints Angela Kyerematen-Jimoh as strategic partner lead for Africa

AFRICA – Microsoft, a technology and software company, has appointed Ghanaian corporate expert, Angela Kyerematen-Jimoh, as the strategic partner lead for Africa at its new Africa Transformation Office. Kyerematen-Jimoh will be responsible to build strategic partnerships with governments, telecommunications operators, financial institutions and international firms operating across Africa. The agreements will also extend to financial institutions, Telco operators, the UN,…

Read More

Invictus Energy secures wellheads and casing for 2-well drilling campaign in Zimbabwe

ZIMBABWE – Invictus Energy, the independent oil and gas exploration company focused on high-impact energy resources in sub-Saharan Africa, has confirmed that it has secured the necessary casing, wellheads, and ancillary long lead items for a 2-well drilling campaign at Cabora Bassa, Zimbabwe, commencing in May 2022. The Company has completed an extensive tendering exercise for integrated well services contract…

Read More

Eco to acquire Azinam Group’s offshore petroleum exploration assets in Namibia and South Africa

NAMIBIA – Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has signed a Memorandum of Understanding to acquire 100% of Azinam Group Limited, including Azinam’s entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged Group on completion of the acquisition. Azinam is a wholly-owned subsidiary of…

Read More