Africa | FI SENSE

myfisenseJune 4, 2021

CGIA Institute and its affiliate network in Ghana has announced the date for hosting their annual 2nd Women in Finance & Investment Summit (WIFIS 2021), the leading platform to inspire the next generation for diversity and inclusive conversations and partnerships in the finance & investment management industry. This year’s Summit will be held at the […]

myfisenseMay 31, 2021

Chipper Cash, a three-year-old startup that facilitates cross-border payment across Africa, has closed a $100 million Series C round to introduce more products and grow its team. It hasn’t been too long ago since Chipper Cash was last in the news. In November 2020, the African cross-border fintech startup raised $30 million Series B led by Ribbit Capital […]

myfisenseMay 26, 2021

Investments in African startups seem to be soaring at a healthy pace ever since reports started keeping count in 2015. That year, publications Disrupt Africa and Partech released independently researched and contrasting figures showing that venture capital investments hit $186 million and $277 million, respectively. Those are ridiculously low figures for a continent when you consider that four-year-old Snapchat raised more than […]

myfisenseMay 21, 2021

Ghanaian-owned brokerage firm, Obsidian Achernar, has been licensed by the Bank of Ghana as one of the Primary Dealers (PDs) of government bonds for the country. Obsidian Achernar was commissioned by the central bank, along with 17 other reputable financial institutions including Absa Bank, Stanbic Bank and Standard Chartered Bank. Their appointment follows an invitation by […]

myfisenseMay 5, 2021

Lami Technologies, a startup out of Kenya armed with $1.8 million in seed money. The round was led by Accion Venture Lab, a seed-stage investment firm that supports financial services targeted at underserved markets. Other VCs that participated include AAIC, Consonance, P1 Ventures, Acuity Ventures, The Continent Venture Partners and Future Africa. Low insurance uptake in Africa is […]

myfisenseApril 28, 2021

Kenyan consumer experience platform for businesses in Africa, Ajua announced that it has acquired WayaWaya, a Kenya-based AI and ML messaging and payments company. WayaWaya’s customers and partners include the likes of I&M Bank, Interswitch and MTN. The company offers a range of services, from digital banking and payment services to financial services APIs and payment bots. According to […]

myfisenseApril 12, 2021

Appzone is a fintech software provider. It is one of the few companies that builds proprietary solutions for these financial institutions and their banking and payments services. Today, the company is announcing that it has closed $10 million in Series A investment. Typically, African financial institutions rely on using foreign technology solutions to solve their problems. But […]

myfisenseApril 6, 2021

Algebra Ventures, an Egyptian VC firm, announced that it has launched its $90 million second fund. Four years ago, Algebra Ventures closed its first fund of $54 million, and with this announcement, the firm hopes to have raised a total of $144 million when the second fund closes (with first close by Q3 2021). If achieved, Algebra […]

myfisenseApril 1, 2021

Boru Energy, backed by private equity giant Carlyle Group, is in discussions with Occidental Petroleum to acquire its oil and gas fields in Ghana for around $500 million, industry and banking sources said. The acquisition of Occidental’s stakes in the offshore Jubilee and Tweneboa Enyenra Ntomme (TEN) fields would be the first investment for Boru […]

myfisenseApril 1, 2021

Airtel Africa announces a new investor global payments provider Mastercard in a deal that will see Airtel Africa receive an additional $100 million for its mobile money business. AMC BV which operates one of the largest financial services in the continent, giving users access to mobile wallet, support for international money transfer, loan, and virtual […]

Category: Africa

2nd Women in Finance & Investment Summit to be held in Accra on December 11, 2021

Chipper Cash raises US$100M Series C led by SVB Capital

VC investment in Africa predicted to reach a record high this year

BoG licenses Obsidian Achernar as primary dealers in government bonds

Kenya’s Lami raises US$1.8M to scale API insurance platform across Africa

Kenya’s Ajua acquires WayaWaya to consolidate consumer experience in African SMEs

Nigerian Appzone raises US$10M for expansion and proprietary technology

Algebra Ventures launches US$90M fund for startups in Egypt

Carlyle plans to acquire Occidental’s Ghana oilfields for US$500M

Airtel Africa receives US$100M for its mobile money business from Mastercard

Bertram Capital closes oversubscribed fourth fund at US$940M

Google’s Waymo raises US$2.5M in PE Funding round

Uberall raises US$115M in funding

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