Finance

Demica underpins expansion of supply chain finance to Nigerian businesses

Nigerian_naira_stacked_up_next_to_a_card_reader.

Demica has been working with Afreximbank to provide payables finance across Africa as part of Afreximbank’s strategy to boost Africa’s share of global trade. (Image source: Adobe Stock)

The supply chain finance solutions from Demica, a leading fintech, has been selected by African Export-Import Bank (Afreximbank) and Sterling Bank to provide approved payables finance to Nigerian businesses and suppliers

Africa’s largest early-stage VC fund exceeds target and draws to a close

Leadership of TLCom Capital and partners.

The TIDE Africa Fund II is believed to be the continent’s largest early-stage venture capital fund. (Image source: TLCom Capital)

TLcom Capital, an African-focused venture capital firm, has announced the final close of TIDE Africa Fund II at US$154mn

Novare eyes Angola’s increasingly attractive investment environment

According to Novare, recent anti-corruption measures have significantly improved Angola's investment environment. (Image source: Adobe Stock)

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 local collaboration

A business man sitting at a desk with financial data on his screen.

Ebury offers a comprehensive suite of financial services tailored to simplify the international trade needs of businesses. (Image source: Adobe Stock)

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

The financing will enable local companies to procure essential agricultural inputs, such as fertilisers, seeds, and machinery. (Image source: BII)

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