Global

Alex Grose Is The New Managing Director of Mining Indaba
Global

Alex Grose Is The New Managing Director of Mining Indaba

Investing in African Mining Indaba the world’s largest mining investment event, had just announced the appointment of Alex Grose as Managing Director of Mining Indaba, effective 10 October. According to a release by the company, Alex, formerly commercial director at Capacity Media (a division of Euromoney, the parent company of […]

MTN Group And MMI Holdings Partner To Create aYo
Global

MTN Group And MMI Holdings Partner To Create aYo

MTN Group and MMI Holdings said they have entered into a micro insurance joint venture called ‘aYo’. According MTN, the joint venture will benefit from the scale, combined expertise and market access of both companies, to provide a strong basis to compete in a changing mobile financial services industry. Insurance penetration […]

Home24, A Rocket Internet Company Raises EUR20 Million
Global

Home24, A Rocket Internet Company Raises EUR20 Million

Rocket Internet’s home & living online retailer, Home24 AG has signed a EUR 20 million funding round at a EUR 420 million post-money valuation. Prior to the raising, Home24 was valued at EUR981 million. According Rocket Internet SE, the company provided EUR 1.4 million investment the round, while “Baillie Gifford and other […]

Oracle Unveils Its Cloud Roadmap For Africa
Global

Oracle Unveils Its Cloud Roadmap For Africa

The Exchange of best practices and gaining expert insights from top cloud strategists was the key focus for Oracle customers who took part in Oracle’s two day long ‘Africa Executive Summit’ that concluded today in Mauritius. Dozens of Oracle customers gathered to understand various aspects of the cloud adoption process […]

Redefine Issues EUR150 Million Convertible Bonds
Global

Redefine Issues EUR150 Million Convertible Bonds

Redefine Properties, a South African property group that recently acquired Pivotal Funds for USD425 million said it will has successfully placed secured bonds with a principal amount of EUR 150 million. The bond is exchangeable into ordinary shares of Redefine International PLC, the proceeds of which will be used to refinance […]

Privinvest Partners Angola On Ship Building
Global

Privinvest Partners Angola On Ship Building

Privinvest the Middle East based shipbuilding group, has announced the start of a major shipbuilding and maritime economy programme with the Republic of Angola. The programme will initially see Privinvest provide a range of vessels for the Angolan Navy. In parallel, Privinvest together with Simportex, will develop and operate a […]

Meet The Finalists For The 2016 Anzisha Prize
Global

Meet The Finalists For The 2016 Anzisha Prize

African Leadership Academy, in partnership with The MasterCard Foundation, have announced Africa’s top youth entrepreneur finalists for the sixth annual Anzisha Prize. This year, the Prize celebrates increased presence in Northern African markets such as Morocco and Egypt, and francophone countries such as Madagascar and Niger, and increased diversity in […]