The Editorial Team |

Omidyar Network Bets on Nigeria’s Growing Travel and Tourism Sector with Investment in Hotels.ng

Lagos, Nigeria (Capital Markets in Africa) — Omidyar Network today announced an investment in Hotels.ng, a hotel-booking platform in Nigeria. The company provides an online marketplace to connect consumers to more than 14,000 small and medium hotels in the country, most with no prior digital presence. The Series A round investment is part of Omidyar Network’s Consumer Internet & Mobile initiative, which focuses on supporting new digital solutions to connect people, enabling them to share…

New IFC and Ecobank Facility to Finance SMEs in Fragile and Conflict-Affected States in West and Central Africa

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Burundi, (Capital Markets in Africa) -IFC, a member of the World Bank Group, and Ecobank Transnational Incorporated, parent company of the Ecobank Group and leading pan-African full-service banking group, today announced the launch of a $110 million risk-sharing facility that will increase access to finance for small and medium sized enterprises in fragile and conflict-affected states in West and Central Africa. The target countries face extreme and persistent poverty exceeding 50 percent of their populations,…

Moody’s affirms Tunisia’s government issuer rating at Ba3 and changes the outlook to stable from negative

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Tunis, Tunisa (Capital Markets in Africa) — Global rating agency Moody’s has affirmed Tunisia’s government issuer rating at Ba3 and changed the outlook to stable from negative. The key drivers for the ratings rationale were attributed to a significant decline in domestic political risk emphasized by the successful democratic transition and installing of a broad unity government. As well as reduced external funding challenges following the resumption of official financing and access to international capital…

Africa Day: Ideas For Africa – By Cristina Duarte, AfDB Presidential Candidate

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Abidjan, Côte d’Ivoire, (Capital Markets in Africa) — As we celebrate Africa Day, it gives me great pleasure to congratulates our continent for the remarkable vision it has had by embarking, decades ago, in a project aimed at achieving its unity. This year’s Africa Day coincides with the return to its headquarters of the prime institution of African Development -The African Development Bank (AfDB). It is therefore timely to once more pay tribute to the founding…

Africa – A land worth exploring

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Capte-Town, South-Africa, (Capital Markets in Africa) –May 25, 2015/ — Africa Day 2015 is an opportunity to celebrate the development of the African continent as well as consider the various opportunities that it offers. This is according to Charles Brewer, Managing Director of DHL Express Sub-Saharan Africa (SSA), who not only believes that the continent offers vast opportunities but also that it is one of the last frontiers for economic growth and development. Africa Day…

South Africa’s Pension Fund acquires stake in Bayport Management

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Port Lious, Mauritius (Capital Markets in Africa):-The Public Investment Corporation (PIC), manager of South Africa’s $150 billion Government Employees Pension Fund (GEPF), is investing $149 million in Bayport Management, the Mauritius-based financial services company. However, the size of the minority stake acquired was not disclosed. Bayport Management Limited provides unsecured loans to customers in developing markets including several in Africa. Founded in 2001, the company now has over 6,700 employees servicing over 500,000 customers through 405 branches…

IFC Supports Tech Companies with US$10mn Investment in Wamda Capital

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Cairo, Egypt (Capital Markets in Africa) — IFC, a member of the World Bank Group, is investing $10 million in a venture capital fund that supports promising technology companies, part of an effort to drive job creation across the Middle East and North Africa (MENA). The investment will help Wamda Capital advise entrepreneurs and provide seed funding to tech firms in Egypt, Lebanon, Jordan, and other countries. Such support is considered vital in a region where…

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