Funding In Southern Africa
South-Africa- Morocco : PIC invests USD 50 million in Aradei Capital
The Public Investment Corporation (PIC), on behalf of its client, the Government Employees Pension Fund (GEPF) of South Africa, has acquired a 13% stake in Aradei Capital for USD 50 million. Read more
Vantage Capital provides R82m funding for development of Kayalane Heights
Vantage Capital (VantageCapital.co.za), Africa’s largest mezzanine fund manager, announced today that it has provided R82 million of mezzanine funding for the development of Kayalane Heights, a first-of-its-kind affordable housing development located in Lebowakgomo, Limpopo. Read more
Funding In Africa
Facebook’s Investing $57 Billion in Africa’s Economy
According to The Economist Intelligence Unit – Inclusive Internet Index 2020, over 800 million people in Sub-Saharan Africa are unconnected to the Internet. Facebook’s infrastructure investments and connectivity initiatives include Read more
Funding In West Africa
Senegalese Waste Recycling Startup E-cover SAS Raises $382k From WIC Capital
A Dakar-based waste recycling startup, E-cover SAS founded by a 25-year-old Senegalese Yaye Souadou Fall has secured 216 million CFA Francs ($382k) from WIC Gestion, manager of the WIC Capital Fund. Read more
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Emerging Opportunities In Growth Sectors Amid Covid-19 Crises
With the Covid-19 pandemic pushing the global economy (Nigeria inclusive) to record decline, creativity and innovation in goods and services have become very imperative and necessary, perhaps the competitive advantage factor. Opportunities for productivity and economic optimization abound in sectors like healthcare, agriculture and food, manufacturing, ICT amongst others. Read more
