Nigerian startup Kudi. (Image source: Partech Africa)
Partech Africa Fund has completed eight transactions, six new deals and two follow-on investments in 2019
Partech Africa fund reaching a total of nine portfolio startups
Finance
Driving industrialisation in African, Caribbean and Pacific Countries
At the 9th ACP Business Summit in Kenya, Elumelu presents the keynote speech. (Image source: Tony Elumelu Foundation)
Tony O Elumelu, founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings and United Bank for Africa Group, urged African, Caribbean and Pacific (ACP) heads of state to improve the business environment in their countries to drive industrialisation and wealth creation in ACP member states
Validating African Continental Free Trade Area (AfCFTA) Business Index
The AfCFTA has the potential to generate a range of benefits through supporting trade creation, structural transformation, productive employment and poverty reduction. (Image source: Rohan_Reddy/Pixabay)
Over the course of two days, Pan-African Trade experts will meet to validate the methodology to produce the African Continental Free Trade Area (AfCFTA) Country Business Index at the United Nations Conference Centre in Addis Ababa
ABSA appoints new chief executive to expand African operations
Absa Group moved its banking platform from Barclays Plcs data centre in the UK to South Africa in April 2019.
Absa, the leading pan-African financial services group, has appointed Cheryl Buss as CEO of Absa International which includes managing Absa Securities United Kingdom
ADF-15 replenishment: Donors commit US$7.6bn to support Africa’s low-income countries
The Fund comprises 32 contributing states and benefits 37 countries. (Image source: Nina Stock/Adobe Stock)
Donors of the African Development Fund (ADF) greed to commit US$7.6bn to speed up growth in Africa’s poorest nations and help lift millions out of poverty
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The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
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Caterpillar is now focusing on its next 100 years. (Image source: Caterpillar)
Each of the 10 mtu gensets has a rated power of 2,500kW and an operational lifetime of up to 84,000 hours before needing major overhaul. (Image source: Rolls-Royce)
The project is a continuation of the two earlier phases of the Road Infrastructure Modernisation Programme. (Image source: AfDB)
ArcelorMittal indicated a weak domestic market for Long steel products. (Image source: Adobe Stock)
Both projects will deliver essential power, energy, and ancillary services to Eskom through 15-year Power Purchase Agreements. (Image source: AMEA Power)
