Author: GAR STAFF

The deal aims to facilitate trade finance for African banks and their SME clients to allow them to participate in trade.

The Dangote refinery in Nigeria, Africa’s largest oil refinery, is set to be commissioned in two weeks’ time.

DisrupTech Ventures, an Egyptian early-stage venture capital fund, raises USD 5 million from Proparco to support Egypt’s fintech sector.

Nomba secures funding through Base10 Partners and Shopify to expand its reach in the African payment industry.

An Nisa Taxi offers safe transportation options for women and children and has gained over 10,000 users in one year.

Convergence Partners has acquired a strategic stake in 42Markets Group, an incubator, investor and builder of high-growth specialist businesses in the financial and capital markets sector. 

Drest.tn, a Tunisian e-commerce platform specializing in the sale of lifestyle products, is seeking to expand its reach into Africa.

AD Ports Group has acquired five bulk carriers and three crude oil tankers valued at Dhs955m (USD 260m) to expand its commercial shipping capabilities.

Tanzania is set to build Africa’s longest bridge spanning 50 kilometers to connect the mainland to the Zanzibar Islands, aimed at facilitating the movement of people and commerce.

Capria Ventures aims to support 20-25 early-growth tech startups across Africa, India, Southeast Asia, Latin America, and the Middle East.