US-based Venture Capital firm, Aptive Capital, has invested into three early-stage African startups. In June 2020, the firm announced that it was taking applications to invest upto US$ 10,000 into eligible startups based in Africa. The investment is part of the firm's US$ 1 million portfolio fund. Founders of 500+ ...
Just a month after Fieldstone Africa introduced an investment index to ask investors, developers and financial institutions in the renewable energy sector, the firm has launched its second office in Africa, after Johannesburg. The firm says it foresees an Africa of regions and Nairobi will help them get more involved to ...
Infinite Potentials Consulting (IPC) believes in the exceptional growth potential of Africa and this review outlines some of the key growth opportunities in Africa today, with a special look at IPC’s three focus countries of Kenya, Ghana and Rwanda. This review highlights key opportunities in Sub-Saharan Africa (SSA) in 2015 ...
Foreign Policy magazine’s 2014 Baseline Profitability Index (BPI) assesses levels of profitability and pretax returns on investment in 112 countries covering 3 thematic areas. Sub-Saharan Africa’s (SSA) attractiveness for investment is strong, with Botswana leading the world with a BPI score of 1.31, outscoring Hong Kong (1.22), Taiwan (1.20), Singapore ...
Ethiopia is Africa’s 2nd largest (and the world’s 5th largest) cut flower exporter and is experiencing strong growth - since 2001, Ethiopia’s cut flower industry has grown by 147,000% - growing from US$145k to US$230M. Kenya is Africa’s largest (and the world’s 4th largest) exporter of cut flowers with exports of US$645M in ...
According to a recent report by Deloitte, there are over 322 active major construction projects (each worth more than US$50 million) happening today across Africa, with a collective worth of over US$222 billion; this is almost twice that of India ($126 billion). A majority of equity (60%) in the identified ...
Africa’s supply of labour, to support new investments in industries such as manufacturing and others, is growing. It is estimated that by 2020, Africa will achieve the highest labour force growth globally, gaining 122 million more workers. This growth will lead to an estimated total African labour force of 504 ...
Equity Investment Bank, a subsidiary of Equity Bank Group’s has penned an agreement with global investment services firm, Exotix Partners LLP, as part of its market development strategies. The partnership will allow the two Investment Banking players to collaborate closely on their respective research, sales and trading platforms. Under the ...
Ernst & Young says Africa’s perceived attractiveness as an investment destination has improved greatly over the past decade, moving from the third-from-last position in 2011 to the second-most attractive investment destination in the world in 2014 – second only to North America. The 2013 total Foreign Direct Investment (FDI) into ...
The World Bank classifies a country as middle income if it has per capita gross national income (GNI) between US$906 and US$11,115. By the end of 2013, almost 50% of the 48 countries in Sub-Saharan Africa (SSA) had attained middle-income status, up from 27% in 2006 and with additional 10 ...
Nomanini, a firm that combines physical vouchers with direct, electronic delivery to informal retailers has secured series-B funding from Seychelles-based investment company Rockbridge Investments Limited. The latest financing brings the startup's total raised capital to over ZAR 20million. “Rockbridge has been looking for some time for the right investment in ...
