TLcom Capital, an African-focused venture capital firm, has announced the final close of TIDE Africa Fund II at US$154mn
Finance
Novare eyes Angola’s increasingly attractive investment environment
Novare, a provider of investment solutions to institutional investors across Africa, has announced plans to expand its Nigerian business into the Angolan market
Ebury seeks to simplify African cross-border commerce through dLocal collaboration
Ebury, the global financial services firm, has taken steps to reinforce its commitment to the African continent by forming a collaboration with dLocal, a cross-border payment platform specialising in high-growth markets
BII seeks to strengthen economic resilience in Africa
British International Investment (BII) has revealed a US$100mn finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to support essential trade finance activities, agricultural development and address critical challenges around food security
Partners seek to empower flow of remittances to Ethiopia
Onafriq, a large digital payments network, has signed an international money transfer agreement with M-PESA Safaricom, a provider of quick and easy financial services to mobile phone users, to help streamline remittance flows to Ethiopia