20 results
- 12 Feb 2018
Ecobank Obtains $200m Loan from Dutch Bank for SMEs
A syndicated loan facility worth $200 million has been secured for Ecobank Transnational Incorporated (ETI) by the Dutch development bank (FMO), Business Post has learnt. The loan would…
- 18 Aug 2020
Access Bank Secures $93m Syndicated Loan
Access Bank Plc has announced the signing of a Subordinated Syndicated Loan Agreement totalling $93.8 million with the Dutch development bank (FMO), the French private sector development bank…
- 5 Jul 2021
TeamApt Announces Successful Series B Funding Round
Nigerian Fintech startup, TeamApt, which provides financial services for the underserved mass market in Africa has announced the completion of its series B funding round. Led by Novastar Ventures…
- 14 Jul 2015
IFC to Co-Develop the $120m Singrobo Hydro Power Plant
Africa Finance Corporation (AFC), a leading investment grade rated multilateral development finance institution and project developer, has announced the signing of a joint development…
- 2 Dec 2014
IFC to Provide $80M Debt Financing to Azura-Edo Investment
IFC, a member of the World Bank Group, signed agreements to provide $80 million of debt financing to Azura Power West Africa Limited, a 450 MW gas-fired independent power project in Nigeria (the…
- 19 Dec 2013
AFC Closes US$250m Syndicated Term Loan Facility
The Africa Finance Corporation (AFC) has signed a US$ 250 million syndicated term loan facility, marking its debut in the international syndicated loan market. The facility, which was oversubscribed,…
- 8 Mar 2019
OneFi Secures $5M Debt Facility from Lendable
One Finance Limited has announces that it has secured a $5M debt facility for its consumer facing platform, Paylater. The facility comes from New York and Nairobi-based Lendable, a technology-enabled…
- 24 Mar 2021
CardinalStone Capital Advisers Announces Final Close of Maiden Private Equity Fund
CardinalStone Capital Advisers (CCA), a Lagos based private equity fund manager, has announced the final close of its maiden private equity fund, the CardinalStone Capital Advisers Growth Fund LP…
- 23 Sept 2021
ZOLA Electric Raises $90M from Leading Clean Energy Players
ZOLA Electric, the leading renewable energy technology company solving Energy Access and Energy Equality in emerging markets, announces the successful completion of a $90 million capital raise,…
- 19 Jul 2022
AfricInvest, Cathay Innovation Complete Final Close of €110M Pan-African Venture Fund
AfricInvest, a multi-asset investment platform in Africa and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African Venture fund, Cathay AfricInvest…
- 29 Jan 2023
Meet the 11 Disruptive Startups Selected for Cohort 3 of ASIP Accelerator Program
Startupbootcamp AfriTech, Africa's leading tech Accelerator, together with founding partner and leading telecom giant, Telecel Group have selected the participants of the much-coveted Accelerator…
- 19 Apr 2024
Ecobank Repays $500m Eurobond
Ecobank has announced the successful repayment of its $500 million five-year Eurobond issued in 2019. According to a statement filed on the Nigerian Exchange Limited (NGX), the Eurobond garnered…
- 23 Jan 2025
Visa, Moniepoint Join Forces to Accelerate Financial Inclusion in Africa
Moniepoint Inc, one of Nigeria’s leading business payments and banking services platforms, has secured an investment from Visa, a global leader in digital payments. The investment marks an important…
- 30 Nov 2009
ETI Gets N15 Billion Equity Investment
The International Finance Corporation (IFC) has injected about N14.85 billion in Ecobank Transnational Incorporated (ETI). The injection represents equity investment in the bank, making the IFC one…
- 10 Mar 2026
Africa Startups Raised $272m in Funding in February
Forty startups across the continent raised more than $272 million in funding last month through deals worth at least $100,000. The figure marks a clear rise from $174 million in January and is…
- 19 Nov 2012
Profitability, New Investors Bolster UBN Confidence
Increased volatility in the volume and price of Union Bank of Nigeria (UBN) shares at the Nigerian Stock Exchange (NSE) is suggesting renewed investors’ confidence on the bank which has just emerged…
- 19 Nov 2013
Worries over Arrests of Top Bankers for Alleged Terrorist Financing
The banking industry and State Security Service (SSS) are embroiled in claims and denials over the continued detention of senior personnel of 13 Nigerian banks for alleged terrorist financing and…
- 27 Nov 2013
Convergence Partners Accelerates ICT Development via Infrastructure Fund
Convergence Partners - an investment management firm focused on the telecommunications, media and technology sector in Africa yesterday announced the launch of the Convergence Partners Communications…
- 29 Jul 2015
Convergence Partners Concludes Plans for $200m Pan-African ICT Infrastructure Fund
Convergence Partners, an investment management firm focused on the African telecommunications, media and technology sector, on Tuesday announced the successful final close of its Convergence Partners…
- 20 Apr 2016
AFC Launches Africa Project Developers Initiative
Africa Finance Corporation (AFC) alongside its development partners is pleased to announce the launch of the Africa Project Developers Initiative (APDI), a think tank and network to promote and…