The Cairo-based advisory platform is taking control of a bank-backed private equity vehicle, a move that blurs the line between deal broker and principal investor.
The Lagos-founded autonomous systems company has added $18m to its seed financing and plans to expand manufacturing in Ghana while opening its first international office in London.
Chinese-language money laundering networks (CMLNs) have begun openly marketing their financial services to operators in five sub-Saharan African countries, according to latest reports.
Egypt’s Financial Regulatory Authority (FRA) has issued a statement categorically denying reports that it ordered the closure or operational suspension of branches operated by non-banking financial institutions, most of them fintech firms.
As the Central Bank of Egypt raises risk weights and tightens bank funding rules, the country’s largest listed consumer lender is looking to fee-based revenue to protect its growth.
The capital injection aims to address persistent supply chain fragmentation and credit bottlenecks that restrict smallholder crop yields across West Africa.