AMI launches new francophone learning programs for French-speaking West Africa

WEST AFRICA – The African Management Institute (AMI), has launched a new series of francophone learning programmes to support the growth of small enterprises and provide practical business skills development in Senegal and across francophone West Africa. AMI’s launch event was held in Dakar, Senegal in mid-March, with over 50 business leaders, partners and clients in attendance. The pan-African organisation…

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Letshego Bank Namibia secures US$30m facility to extend affordable housing finance

NAMIBIA – Letshego Bank Namibia, a commercial bank, and the International Finance Corporation (IFC) to provide Namibians with affordable housing finance. The IFC is a member of the World Bank group and is headquartered in Washington, DC, in the United States. It offers investment, advisory and asset management services to encourage private-sector development in less-developed countries. A statement from the…

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Bus-hailing startup Swvl partners Moove for EV buses across MENAP

MENA – Egypt’s on-demand bus-hailing company Swvl has partnered with African fintech mobility startup Moove to scale Moove’s revenue-based vehicle financing model across the MENAP (Middle East, North Africa, and Pakistan) region. The partnership follows Moove’s recent US$105 million series A2 round and will also see the two expand vehicle classes to include electric buses. Starting with an initial rollout…

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Internet service provider Paratus Group adds DRC to its terrestrial network

DRC – Paratus Group, a pan-African internet service provider, has confirmed its expansion into the Democratic Republic of Congo (DRC). By adding DRC to its terrestrial network, Paratus Group now boasts a unique and contiguous footprint in Africa. Paratus has offices in seven SADC countries; four data centres; five satellite teleports with 6 000 customer sites; the Google Equiano Cable…

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Canada’s Eco Oil & Gas to acquire Namibia’s exploration company Azinam Group Limited

NAMIBIA – Eco (Atlantic) Oil & Gas, a Toronto-headquartered oil and gas exploration company focused on the offshore Atlantic margins, has signed a memorandum of understanding to acquire 100% of Azinam Group Limited, a wholly owned subsidiary of Azinam Holdings Limited. AziNam is an exploration and production company focused on rapidly progressing the exciting opportunities in Namibia. Offshore South Africa…

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AfDB, ECOWAS commit US$3.56M to boost pharmaceutical industry in West Africa

WEST AFRICA – The African Development Bank (AfDB) has signed an MoU with the Commission of the Economic Community of West African States (ECOWAS) for US$3.56 million in grant funding to boost pharmaceutical industries in West Africa. The agreement has been signed in Abuja, to increase local manufacturing of high-quality, safe, effective, and accessible essential medicines, pharmaceuticals, and vaccines in…

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Data center developer Raxio Group launches in one of Africa’s biggest consumer markets, Tanzania

TANZANIA – The Raxio Group (Raxio), a premier pan-African data centre developer and operator, has announced that it is investing and establishing a data center in Tanzania Raxio Tanzania is the first state-of-the-art, carrier neutral, Tier III data centre in the country. It is the latest facility to be part of Raxio’s fast expanding network of interconnected carrier neutral, Tier…

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Egyptian e-sport startup Eksab raises US$3M to scale fantasy football platform

EGYPT – Egypt’s fantasy football startup Eksab has raised US$3 million in seed funding to expand its football gaming platform in the Middle East and Africa (MEA). The funding round was led by 4DX Ventures with participation from Darwazah Capital, Golden Palm Investments, P1 Ventures, and certain angel investors from the sports and entertainment industry. The startup will use the…

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Mobile health platform M-TIBA partners Jubilee Health Insurance

KENYA – M-TIBA, a Safaricom-owned mobile health platform, has announced a new partnership with Jubilee Health Insurance to provide health insurance to over 3,000 lives via their Group Micro Health Product. The product launched in April 2021 has greatly benefited over 45 SMEs across Nairobi, Kisumu, Meru and the Mt. Kenya regions. The quick uptake has been made easier through…

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HashCash launches lending service platform for women entrepreneurs in Morocco

MOROCCO – Global blockchain development company HashCash Consultants, has announced the launching of a micro-loans lending platform in collaboration with a DeFi (decentralized finance) startup to women entrepreneurs of Morocco. The blockchain-powered platform will transfer funds to the women who are registered with their verified digital identities. The platform allows pool-based borrowing wherein lenders provide liquidity to a pool that…

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