Virtu signs agreement with Arqaam to expand market access for equity algorithmic trading in MENA

MENA – Virtu Financial has announced a non-exclusive co-operation agreement with emerging markets specialist Arqaam Capital (Arqaam) to deploy Virtu’s global equity execution algorithms to clients in MENA markets. Virtu is a global provider of financial services and products that leverage cutting-edge technology to deliver innovative, transparent trading solutions to our clients and liquidity to the global markets. Under the…

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Kenya partners Korea to fast track development of Konza Technopolis

KENYA – The Kenyan and Korean Governments has formalized a partnership aimed at fast-tracking the development of smart city infrastructure at Konza Technopolis. The three-year partnership dubbed the Economic Innovation Partnership Program (EIPP) 2021/22, provides a framework for the completion of three pivotal projects in Konza Technopolis. The three projects include the development of the Smart City Master Plan covering…

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United Bank for Africa (UBA) partners Cellulant to expand its reach across Africa

AFRICA – United Bank for Africa (UBA) Plc, a Nigerian pan-African financial services group has partnered Cellulant to extend payment services for merchants and consumers across African countries. Cellulant is a leading Pan African payments company that provides locally relevant and alternative payment methods for global, regional, and local merchants. The platform enables merchants to receive, view, and reconcile all…

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Senegalese logistics startup Chargel closes US$750k pre-seed round to streamline operations

SENEGAL – Senegalese logistics startup Chargel has closed a US$750,000 pre-seed funding round to help it make the trucking industry in Senegal and Francophone West Africa more efficient, dependable, and transparent. The funding round, a mix of equity and debt, saw the participation of Century Oak Capital and Logos Ventures, alongside prominent angel investors from Senegal, Kenya, Ghana, and Nigeria.…

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FTX partners AZA Finance to expand adoption of digital currencies in Africa

AFRICA – FTX, a global digital currency exchange, has partnered with AZA Finance to expand the adoption of Web3 and digital currencies throughout Africa. FTX is a powerhouse in the digital currency sector, having recently announced the close of a US$400 million Series C funding round which increased the valuation of FTX to $32bn. “We’re excited to partner with AZA…

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ADF provides US$125 million loan for water and sanitation in Dodoma

TANZANIA – The Board of Directors of the African Development Fund (ADF) has approved a US$125.3 million loan to finance the first phase of the Dodoma Resilient and Sustainable Water Development and Sanitation Program in Tanzania. Specifically, the loan from the African Development Fund, the concessional window of the African Development Bank Group, will cover the construction of a dam…

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Canon Central and North Africa partners with Copy Cat Group as authorized distributor

KENYA – Canon Central and North Africa has announced its business partnership with Copy Cat group as its authorized distributor for its printing solutions in Kenya. Canon, a multinational corporation mostly known for its camera, says the B2B partnership highlights its corporate philosophy of ‘Kyosei’ meaning living and working together for the common good.  This will ensure the company’s B2B…

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