President Nyusi calls for speed in disbursing Reconstruction funds.
Mozambique President Filipe Nyusi has ask funding agencies to disburse promised fund for reconstruction work. Speaking during the international post-cyclone pledging conference held in Beira, President Filipe stressed the urgency of putting the promised financing to work.
According to the President … Read More
A look at Infrastructure funding gap across Africa and remedies so far.
Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of infrastructure funding are being sought in order to … Read More
Ethiopia’s indebtedness to China grows following energy investment
Following a meeting with State Grid Corporation of China, PM Abiy Ahmed oversaw the signing of a US$1.8 billion investment agreement which covers provision of electric power transmission and distribution lines. The project will supply power for up to 16 industrial parks; … Read More
The Stages of Startup Funding
There are several stages of financing in business. Businesses especially startups raise capital for various levels and types of business operations through series or multiple rounds of financing and funding. These funding rounds or stages includes Pre-seed capital and seed capital, Series A, B, and … Read More
PEG Africa raises US$25 million Series C funding to boosts its off-grid solar expansion in West Africa
A solar company PEG Africa, who provides pay-as-you-go (PAYG) solar services in West Africa; have raised a US$25 million Series C funding. This have now taken its funding total to US$50 million.
PEG … Read More
Uganda’s mobile money platform will help attract debt investors.
Uganda is planning to use mobile money platforms to sell government securities to its citizens. The government said the mobile money platform will help reduce the dependence on commercial banks and institutional investors for funding.
The Ugandan government also believes the … Read More