Missio Invest bags $20Mn loan to support MSIF funding in Africa

Missio Invest, a firm that provides technical and financial assistance to social enterprises in Africa, has announced securing US$20 million finance from the U.S. DFC (International Development Finance Corp.) for its Missio Invest Social Impact Fund. Sources close to this move state that

PayPal teams up with Flutterwave to bring Africa into its ecosystem

PayPal Holdings Inc., the leading American digital payments enterprise operating a global online payments system, has reportedly teamed up with African payments firm, Flutterwave, to bring Africa into its comprehensive global payments ecosystem.  For the uninitiated, earlier it was almost impo

Volvo SA to launch its all-electric XC40 Recharge in South Africa

XC40 Recharge is the first of five all-electric cars planned to be launched by Volvo over the next 5 years Following strong recorded sales for its all-electric SUV in the international market, Swedish car manufacturer Volvo has now turned its attention to the South African market where the company

Panasonic acquires Blue Yonder to enhance supply chain management

The acquisition estimated to be worth $6.45 billion is likely to come from Panasonic's own funds The electronics major may also consider other financing and loans if required Japanese electronics firm, Panasonic Corp. has revealed the acquisition of U.S. supply-chain software com

Chinese beauty app Meitu becomes first major firm to invest in Ether

Meitu Inc., a leading Chinese technology corporation behind one of the world’s most downloaded beauty apps, has reportedly announced its intention to invest in Ether. With this, Meitu has become the latest enterprises to take a page out of Tesla Inc’s book and invest in cryptocurrency as

InfraCo Africa to offer financial assistance to Golomoti Solar project

InfraCo Africa, a multi-government funded investment company, and its project partner, JCM Power (JCM), have reportedly reached plans to financially back the construction of the 20MWAC Golomoti Solar project in Malawi. Sources close to the matter state that, upon completion, the solar plant will fac

OMIG, Sturdee Energy jointly invest in 5MW solar PV plant in Namibia

The acquisition will accelerate the transition of Namibia’s energy supplies towards renewable energy South Africa’s investment management firm, Old Mutual Investment Group (Namibia) has acquired a majority share in a 5MW solar PV plant located in the Karas Region of Namibia. Through its

ENGIE takes over 100 MW Xina Solar One power plant in South Africa

French electric utility major, ENGIE SA has inked an agreement with energy company Abengoa to acquire a 40% stake in Xina Solar One, a 100MW solar plant in South Africa, and a 46% stake in the O&M (operations & maintenance) firm. The Xina Solar One plant powers more than 95,000 households in

Banking startup TymeBank raises $109M from UK & Philippines investors

South African banking startup, TymeBank, has reportedly announced that it has secured nearly R1.6 billion (~$109m) investment from new investors in Philippines and the UK. The firm announced this news through an official statement. This investment would be used to strengthen the growth of TymeBank a