Vantage Capital Secures €66M Investment Deal with Camusat to Drive Telecom Expansion and Sustainability in Africa

Vantage Capital, Africa’s largest mezzanine fund manager, has announced the completion of a €66 million mezzanine investment in Camusat Holding S.A.S. The investment will help refinance debt and support the expansion of Camusat's AktivCo division, which focuses on infrastructure for mobile network operators (MNOs). This deal is part of a larger €81 million financing package, which includes contributions from Eurazeo, a leading European investment group.

Yellow Card Secures $33M in Series C Funding Led by Blockchain Capital to Drive Expansion Across Africa

Yellow Card, the pioneering stablecoin platform and the first to be licensed in Africa, has successfully raised $33 million in a Series C funding round. This equity round was led by Blockchain Capital, with notable participation from investors such as Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.

First Judges Announced for WARC Awards Middle East & Africa 2025

WARC, the global leader in marketing effectiveness, has unveiled the first group of judges for the 2025 WARC Awards for Middle East & Africa, in partnership with LIONS. The prestigious awards celebrate the region's most effective and strategic marketing campaigns that have driven significant business growth.

Redefining the Disconnect in Strategic Communication between the Nigerian Government and the People

By Dr. Omolaraeni Olaosebikan

The relationship between the government and the governed is pivotal for the progress and growth of any society. When the government fails to effectively communicate its policies, programs, and initiatives to the citizens, it only deepens the distrust and disconnect between them.

Adidas Raises Revenue Forecast After Strong Q3 Performance

Adidas has increased its revenue projections for 2024 following a robust third quarter, with revenues rising 7% year-on-year to €6.44 billion (US$7.02 billion). 

CBN Signs New Code to Boost Financial Inclusion for Women Entrepreneurs

The Central Bank of Nigeria (CBN) has introduced a new code to enhance financing opportunities for women entrepreneurs, a step aimed at advancing financial inclusion across the country. Speaking during the 30th Nigeria Economic Summit (NES30) in Abuja on Wednesday, CBN Governor Mr. Yemi Cardoso emphasised the initiative’s potential to expand access to financial services for women, in partnership with the Development Bank of Nigeria and the Bank of Industry.

Jumia Exits South Africa and Tunisia to Prioritize High-Growth Markets

Jumia Technologies AG, a leading African eCommerce platform, has announced plans to cease operations in South Africa and Tunisia by the end of 2024. This strategic shift is part of the company’s broader focus on optimising resources and concentrating on markets with stronger growth potential.

VFS Global Named Exclusive Biometric Collection Provider for Australian Visa Applicants in Sub-Saharan Africa

VFS Global has been appointed by the Australian Department of Home Affairs to roll out biometric collection centres across Sub-Saharan Africa. This appointment solidifies VFS Global’s role as the exclusive provider of biometric services for Australian visa applicants in all nine global regions, including the Americas, Europe, Mekong, Middle East and North Africa, Pacific, South Asia, Southeast Asia, North Asia, and now Sub-Saharan Africa.

Moono Mupotola Becomes New Deputy Director General of Southern Africa at African Development Bank Group

The African Development Bank Group (AfDB) has appointed Moono Mupotola as the new Deputy Director General for its Southern Africa Regional Development, Integration, and Business Delivery Office. Her appointment takes effect on 16th October 2024.

AREWA24 Expands to Four New West African Markets Through Canal+ Partnership

AREWA24, the leading 24-hour Hausa-language entertainment and lifestyle channel in West Africa, has announced a major broadcast expansion into four new countries: Benin, Burkina Faso, Mali, and Togo. The expansion was made possible through a strategic partnership with CANAL+ International, with AREWA24 now available on CANAL+ Channel 297.

IHS Towers to Restore NCC Innovation Park in Kano – Minister Bosun Tijani

In a major step toward revitalizing Nigeria's digital infrastructure, Dr. Bosun Tijani, the Minister of Communication, Innovation, and Digital Economy, has revealed that IHS Towers, a leading telecommunications infrastructure company, has committed to rebuilding the Nigerian Communications Commission (NCC) Innovation Park in Kano. The facility, which was looted and vandalized during the August 1, 2024 '#EndBadGovernance' protests, plays a vital role in enhancing Nigeria's standing in the global digital economy.

AVCA’s Sustainable Investing Summit Spurs Action on Mobilising Private Capital for Africa’s Growth

The African Private Capital Association (AVCA) hosted its third Sustainable Investing in Africa Summit (SIAS), bringing together over 150 global leaders, investors, and change agents to ignite discussions on advancing sustainable investment across the continent. The one-day summit explored innovative approaches to mobilising local and global capital, pushing for immediate action on climate change and inclusive growth in Africa.

Africa's Renewable Energy Push Gains Momentum at Nairobi Investment Forum

The Accelerated Partnership for Renewables in Africa (APRA) has launched its inaugural Investment Forum in Nairobi, bringing together ministers, investors, developers, and financial institutions to advance the continent’s renewable energy landscape. The forum aims to build a strong pipeline of projects and unlock large-scale investments, accelerating Africa’s energy transition while promoting the development of green industries.