Author: Editor

Kapital Afrik intends to deliver strategic financial information to executives and managers, through a daily newsletter and a website that covers all African finance.

Adenia Partners, a prominent private equity firm focusing on sustainable investments in Africa, has reached an agreement to acquire 12 subsidiaries from Air Liquide, a global leader in industrial and medical gases. The acquisition encompasses Air Liquide entities across West and Central Africa as well as the Indian Ocean region, specifically in Benin, Burkina Faso,...

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Airtel Africa, a leading provider of telecommunications and mobile money services with a presence in 14 countries across Africa, has officially broken ground on its first data centre in Lagos, Nigeria.  Nxtra by Airtel is set to be one of the largest networks of data centres in Africa, with high-capacity data centres in major cities located strategically across Airtel Africa’s footprint, complementing its existing edge sites. This development underscores the company’s commitment to meeting the continent’s data management needs by providing trusted and sustainable data centre capacity to serve the fast-growing African digital economy. The ground-breaking ceremony of the new…

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  Unlimit, the global fintech company, today announced its entry into the Tanzanian market and the receival of the Bank of Tanzania (“BOT”) licence, marking another significant step in the company’s expansion within the region. The approval of Unlimit as an authorised payment service provider by the BOT will allow the fintech to provide a range of new offerings such as business payments, merchant services and outbound payments, among other things, to the Tanzanian market. The launch of Tanzanian operations marks an important step in Unlimit’s broader strategy of expanding into Africa, and follows the approval of similar licences last year in Nigeria and…

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Avisen’s story began in 2000 with the meeting of two veterinarians in Senegal, sharing a common idea: develop the animal feed industry to facilitate access to animal protein. Twenty years later, the modest initial artisanal unit has grown into Senegal second largest poultryfeed manufacturer. Avisentoday produces over 100,000 tons of feedstuff per year and processes broilers in its brand-new slaughterhouse. To pursue this success story, the shareholders have decided to seek a successor able to take Avisen to the next stage while preserving the vision of the founders: to offer high-quality products at an affordable price for the benefit of…

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In 2020, the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) and the Eastern and Southern African Trade and Development Bank (TDB) signed a first-of-its-kind credit enhancement facility providing a 10-year EUR 359 million guarantee for commercial bank financing extended to TDB for trade finance, with longer tenors and lower interest rates. In December 2023, MIGA and TDB expanded their cooperation, with MIGA issuing an additional EUR 349 million 7-year guarantee for a loan provided by Standard Chartered Bank (SCB) as agent on behalf of a syndicate of banks, including Citibank as arranger. The TDB-MIGA partnership has so far succeeded…

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The Government of Kenya and ATIDI, the African Trade Insurance Agency, have today signed the Regional Liquidity Support Facility Memorandum of Understanding. RLSF, a joint initiative of ATIDI, the KfW Development Bank and the Norwegian Agency for Development Cooperation (Norad), is a credit enhancement instrument provided by ATIDI to renewable energy Independent Power Producers (IPPs) that sell the electricity generated by their projects to state-owned power utilities. The instrument’s scope has recently been extended to provide support for eligible transmission projects; allowing for possible private sector participation in this key sub-sector. ATIDI will issue liquidity instruments, or “RLSF policies”, backed…

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Nairobi, Kenya – The banking industry is on the cusp of a digital revolution, and Nairobi, Kenya, is set to host the 11th Edition Connected Banking Summit – Innovation & Excellence Awards East Africa 2024. This summit, organized by The International Center for Strategic Alliances (ICSA), promises to be a pivotal event in shaping the future of banking across the region. The Connected Banking Summit will also feature the esteemed Innovation & Excellence Awards 2024, recognizing leaders and organizations driving innovation and excellence in the banking sector. This prestigious event will unite global executives, experts, and leaders for an insightful…

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Kinshasa, February 12, 2024 – The Government of the Democratic Republic of the Congo (DRC) has announced significant progress in structural reforms within the downstream petroleum sector. These measures are part of an overall strategy to clean up and rationalize petroleum subsidies, aiming to ensure more efficient and transparent management of public financial resources. Initially, in 2022, the Ministries of Finance and National Economy jointly initiated a comprehensive audit of the Petroleum Products Price Structure (PPPS) conducted by Mazars. The audit findings, released in May 2023, highlighted several reform avenues to improve governance and efficiency in the sector. Based on…

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The Pan African Payment and Settlement System (PAPSS) is proud to announce the entry of Banque Centrale de Tunisie (BCT) into its network as its thirteenth Central Bank member, further strengthening its commitment to promoting seamless cross-border payment services and enhancing financial integration across the African continent. PAPSS, developed by African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, facilitates real-time settlement of intra-African trade and payments, in African currencies, across the continent. By uniting central banks from across Africa, PAPSS seeks to address the existing challenges faced by African businesses and individuals in accessing efficient…

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Africa50, the pan-African infrastructure investment platform, today announced that the Republic of Mozambique has started the onboarding process to become its new shareholder during a signing ceremony in Maputo. Honourable Ernesto Max Elias Tonela, Minister of Economy and Finance of the Republic of Mozambique signed the Share Subscription Agreement on behalf of the Government, committing the country to take the necessary steps to become an Africa50 shareholder. In joining Africa50, Mozambique will benefit from accessing world-class project development and financing expertise, fast-track the implementation of its infrastructure programme by catalyzing the participation of the private sector significantly contributing to spurring…

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The Board of Directors of CGF BOURSE has appointed Mr. Kalidou DIALLO as the new Chief Executive Officer of CGF BOURSE. He will assume his role on March 16, 2024, succeeding Madame Marie Odile SENE. “Mr. DIALLO, a distinguished and respected figure in the financial sector, has an in-depth knowledge of financial markets and their instruments, investment strategies, portfolio management, and asset allocation,” states the press release from CGF Bourse.Already deeply embedded in the company’s ecosystem since 2016, as the director of CGF Gestion, an asset management subsidiary, Mr. Diallo has enhanced our management capabilities and expanded our portfolio. Before…

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Abidjan, Paris 30 January 2023 – Joliba Capital, an African private equity firm majority-owned by LBO France, a multi-specialist and multi-country investment platform, and founded by two seasoned African investment professionals Hamada Tour (Managing Partner) and Yann Pambou (CEO & Managing Partner), is pleased to announce a first close of its inaugural fund, Joliba Capital Fund I, at EUR 89 million. This Rolling First Close reflects the trust and confidence that investors have placed on our vision and strategy. The Fund will principally target investment opportunities across Francophone countries in West and Central Africa to develop a diversified portfolio composed…

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Kinshasa, 05 February 2024 – On the occasion of the Mining Indaba Forum, the world’s largest gathering of mining players, Rawbank, the leading bank in the Democratic Republic of Congo (DRC), announces that it has raised 200 million dollars on the international market to support the mining sector value chain in the DRC. Rawbank has now confirmed its position as a strategic bank for the Congolese mining sector. Rawbank continues to support the financing needs of the Congolese economy In order to meet the needs of players in the mining sector value chain – which contributes 25% of the country’s jobs…

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Peak orderbook of $6 billion reached The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched and priced its first Sustainable US dollar-denominated 750 million perpetual subordinated hybrid capital notes. On the 30th of January 2024 the African Development Bank launched a hybrid capital transaction with a coupon of 5.75% until August 2034, with a 10.5 year first call date at the Bank’s discretion. The Bank achieved a top quality and granular orderbook with over 275 investors, of which over 190 were allocated. Investor demand was very strong with a peak orderbook of over USD 6…

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