Browsing: Finance

Moove raises USD 30 million from its debut sukuk to fund the building of the largest EV ride-hailing fleet in the UAE.

AD Ports Group and Africa Finance Corporation will work together to identify promising infrastructure projects in Africa.

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.

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.

Here, we speak to Diana Teoh, Head of Investment and Growth at GetFundedAfrica about their offerings and to gain insight into the startup scene and the challenges faced when startups seek investment.

MENA startups have raised USD 646 million over 69 deals in October, taking 2022’s total raised to USD 3 billion over 551 deals, according to a report by Wamda and Digital Digest.

Payhippo, a Nigerian digital lender has acquired Maritime, enabling Payhippo to access Nigeria’s Inter-bank Settlement System.

Spotter is a Moroccan startup aiming to help companies verify cheques and assess customers’ creditworthiness.