Daily Digest, Friday 3 July 2020
Funding In Southern Africa
SA’s Redefine sold 111mln shares in British subsidiary DRI Reit
South African real estate investment trust, Redefine Properties, announced on June 29 it has reached an agreement with US investment firm Starwood Capital Group to sell 111.9 million shares in its British arm RDI Reit at 95 pence per share. Read more
Zimbabwe secures $250mln Afreximbank loan
Zimbabwe will borrow $250 million from the African export-import bank -Afreximbank- over three years to meet the State’s urgent needs. According to Bloomberg, which cited sources familiar with the matter, $150 million will be used to buy fuel while the rest of the money will serve for other essential services. Read more
Funding In West Africa
Nigeria launches $2.9b gas pipeline project
Nigeria has flagged off the construction of its $2.8 billion first phase of natural gas pipeline project to supply gas to three electricity power stations and later to North Africa. The 614 kilometres Ajaokuta-Kaduna-Kano (AKK) project Read more….
Call For Applications & Events
8th Digital Africa Conference
Location: Baze University, Abuja Time: August 25, 2020 | 8am The theme is “AFRICA’S POST PANDEMIC HIGH TECH WORLD” About Digital Africa Conference and Exhibition is Africa’s premier consumer technology show which holds annually. Read more
“GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation“
GFA’s must read weekend feature entitled Making Finance Work For Agriculture in Africa [Part 2] has been released. Read more
Are you an entrepreneur? Share your story with us and get featured on our platform send us an email nichole@getfundedafrica.com
