Browsing: Business

LoftyInc Capital Management, a Lagos-based VC firm, announces the final close of its LoftyInc Afropreneurs Fund 3.

African startups raised over USD 300 million across 25 deals, up from previous months. North Africa received the lion’s share of investment.

Standard Bank Group has reported that sustained elevated global inflation has prompted further monetary tightening.

Green hydrogen was the focus as South African President Cyril Ramaphosa delivered the keynote address at the special-edition Sustainable Infrastructure Development Symposium South Africa (SIDSSA).

500 Global, a US-based VC firm, has partnered with ITIDA to launch investment and startup focused programs.

Fenix Games, a UAE-based gaming platform, will create a publishing platform for blockchain games and bolster the blockchain gaming ecosystem.

SIAC, one of Egypt’s leading construction firms, Flat6Labs and Dar will collaborate to foster startups and contech solutions across Egypt.

Flapmax aims to support young entrepreneurs and developers and expand opportunities for technology innovation.

S&P affirms South Africa’s ‘BB-/B’ long- and short-term foreign currency and ‘BB/B’ long- and short-term local currency sovereign credit ratings.

South Africa has passed the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill.