Quite a few weeks after Ethiopia’s maiden initial public offering (IPO) closed, Ethio Telecom has revealed how many of the company’s shares were actually sold of the 100 million on offer – and it seems the total was very modest indeed.
The African Development Bank Group has approved a US$100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), supporting efforts to scale sustainable infrastructure investment across the continent.
Japanese agriculture fintech Degas Limited has announced a US$100 million investment over the next four years to help establish Ghana as Africa’s first AI-powered agricultural hub, expanding a model that, it says, has already financed more than 86,000 …
Tech giant Microsoft has announced two major investments – in South Africa and India – though with two very different focuses. One involves cloud expansion. The other involves afforestation.
