Fintech M-KOPA raises $250m to scale across Africa

With the new funding, the business aims to grow its smartphone services, expand its model to new markets and extend its financed product set.
Cape Town correspondent
Dec 14, 2022

Airtel Africa borrows US$194m to drive up subscription

Operator confirms loan facility through IFC to support investments in several new countries.
Oct 2, 2022

IFC backs WIOCC Group expansion with US$30m investment

Investment to support WIOCC Group’s continued rollout of terrestrial fibre-optic networks, in new subsea cables, and open-access core and edge datacentre infrastructure.
Aug 24, 2022

West Africa’s Rack Centre racks up additional certification

Carrier neutral Tier III constructed datacentre achieves ISO 45001 certification.
Jun 20, 2022

Rack Centre racks up IFS EDGE certification

Company asserts it is the first datacentre with this certification in EMEA.
May 10, 2022

Why African SMEs aren’t buying into digital banking services

Research by African Banker magazine and banking platform Backbase cites cost, complicated onboarding processes and a lack of required skills.
Mar 25, 2022

Airtel Africa requests US$194m from IFC to invest in network expansion

Company looks to invest in network infrastructure across seven subsidiaries and also to refinance existing loans.
Feb 14, 2022

IFC invests in AXIAN Telecom to capitalise on Africa’s mobile growth

IFC is an anchor investor with a total issuance of US$420-million in AXIAN Telecom maiden bond.
Feb 11, 2022

SSA faces connectivity predicament as Meta winds down Express Wi-Fi

Programme was meant to bridge the internet gap in Africa where internet connectivity remains low.
Dec 7, 2021

TradeDepot’s US$110m ‘Buy-Now-Pay-Later’ push to African retailers

New funding will support the expansion of the merchant platform into new cities.

IFC confirms investment in Liquid to boost tech infrastructure across Africa

IFC’s latest investment in Liquid follows its investment in the company in February 2021 through Liquid’s bond placement on Euronext Dublin, Ireland’s main stock exchange.

Innovation on Africa’s terms

Africa will be well-placed to take its place among the world’s technological and innovation leaders says Ndagi Job Goshi, General Manager, Liferay Africa.