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Africa Tech Summit Tech leaders and investors set to connect in Kigali

With one week to go until Africa Tech Summit in Kigali, (www.africatechsummit.com/kigali) over 100 expert speakers from across the continent have been announced for the pan-African event at the Kigali Convention Centre in Rwanda on February 5thand 6th2020. The Summit will connect African corporates, start-ups, investors and international delegations sharing...
in Short

Kenya Amethis acquires 30% of the capital of Naivas

The French private equity fund Amethis is expected to take a 30% stake in the capital of the Kenyan supermarket chain Naivas Limited, according to information relayed by Financial Afrik. In a statement on Thursday, January 23, Amethis said he first contacted Naivas more than a year ago and will...
in Short

Cabo Verde Sovereign Fund should be operational in 2020

The process of setting up the Cabo Verde sovereign fund with a capital of €90 million, is underway, and the fund should become operational this year, the deputy prime minister and minister of Finance of Cabo Verde, Olavo Correia said. “We are working to ensure that the major projects in...
in Short

Morocco 74% of MRE plan to return definitively

According to a survey by the "Rekrute" site, 74% of MREs plan to return to Morocco permanently. The same source specifies that 52% of the respondents link their return to the contribution to the development of the country, while 53% of them intend to pursue a professional career after having...
in Short

Bank Nigeria and BADEA increase their stake in Afriximbank

In a statement released Thursday, January 23, the institution said that existing shareholders, including Nigeria and the Arab Bank for Economic Development in Africa (BADEA), have invested securities worth $ 200 million in share classes A, B and C. They also injected $ 300 million in callable capital. This brings...
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