The Markets | - Part 3

East Africa’s Real Estate Market Primed for Those Who Know It Best

By Sandile Mpanza, Head of Commercial Property Finance Africa Region at Absa CIB In 2023, a financing deal quietly redrew the boundaries of East Africa’s real estate playbook. Acorn Holdings Limited secured KES 6.7 billion from Absa Group and Absa Bank Kenya to develop ten purpose-built student accommodation sites across Nairobi. On paper, it was a domestic transaction. In substance, it marked three precedents: the first time a development Real Estate Investment Trust (REIT) had…

AVCA’S Fifth VC Summit Spotlights: Resilience, Scale and Bankability

Posted on by The Editorial Team

Lagos, Nigeria—30 April 2025—The African Private Capital Association (AVCA) hosted its fifth Venture Capital (VC) Summit yesterday. The summit forms part of the industry association’s 21st Annual AVCA Conference week, held in Lagos until 2 May. The global gathering brings early-stage and venture capital investors, corporate venture arms, founders, entrepreneurs, and accelerators together to discuss new trends and plot the rise of Africa’s venture capital landscape. Abi Mustapha-Maduakor, CEO of AVCA, opened the Summit by…

African Private Capital Fundraising Doubles to $4bn in 2024

Posted on by The Editorial Team

London — 17 April 2025 – AVCA – the African Private Capital Association – has released its 2024 African Private Capital Activity Report, providing insights into the evolving investment landscape across the continent. Drawing on proprietary data across fundraising, investments, and exits, the report affirms the strength and maturity of Africa’s private capital ecosystem despite persistent global macroeconomic headwinds. The report finds that African private capital activity showed notable resilience in 2024, marked by increased…

21st Edition Connected Banking Summit – Innovation & Excellence Awards 2025

Posted on by The Editorial Team

Johannesburg, South Africa – As the countdown begins, Johannesburg prepares to host one of the most anticipated gatherings in the financial services sector — the 21st Edition Connected Banking Summit Innovation & Excellence Awards 2025 – Southern Africa, taking place on July 23rd, 2025 Hosted under the theme “Shaping the Future of Banking in Southern Africa: Innovation, Connectivity, and Financial Resilience,” the summit will bring together visionaries and industry leaders from banking, fintech, financial services,…

Afreximbank delivered exceptional 2024 financial performance

Posted on by The Editorial Team

Cairo, Egypt 14 April 2025: – African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the Bank and its subsidiaries, for the year ended 31 December 2024. Financial Highlights Afreximbank reported strong financial performance despite a complex global economic landscape marked by geopolitical tensions, inflationary pressures, and elevated interest rate, posting a net income of US$973.5 million for FY 2024, a 29% increase from the previous year – with subsidiaries…

Gozem raises Series B Funding for their Super App for Africa

Posted on by The Editorial Team

Gozem is a super app dedicated to Africa with ride-hailing, an e-commerce marketplace, vehicle financing and digital banking. The company operates in Francophone Africa. As trailblazers in Fintech in Africa, Gozem has embraced the trend in embedded finance, which is emerging as a critical enabler of fintech services. Gozem has just secured $30 million Series B debt and equity funding with the MSC Group, one of the largest shipping companies in the world, and Al…

Raising Capital at AFSIC: an unparalleled opportunity to connect with the top DFIs and PE

Posted on by The Editorial Team

AFSIC – Investing in Africa allows companies raising capital the opportunity to connect with a variety of different investors including the top DFIs and private equity funds. While opportunities to network, pitch and be profiled on site are unmatched, African Investments works alongside AFSIC year-round to provide companies raising capital the support they need to maximise their exposure to the right investors. We interviewed African Investments Principal, Robyn Scott to hear more about what capital…

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