Africa

Africa is the world's second largest and second most-populous continent. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. With 1.2 billion people as of 2016, it accounts for about 16% of the world's human population.

Source: en.wikipedia.org

African Development Bank Teams With Bank One on Trade Finance
African Development Bank Teams With Bank One on Trade Finance
December 23, 2022  |  emea

The African Development Bank Group is supporting the trade finance efforts of Bank One Limited.  The Group will provide a $40 million trade finance package that is meant...

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How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
December 23, 2022  |  Investments

After reaching new heights in 2021, VC funding in EMEA slowed sharply in 2022. While final full-year tallies are not settled yet, data from the...

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$2.5M in Funding Raised by Nigerian Online Furniture Seller Taeillo
$2.5M in Funding Raised by Nigerian Online Furniture Seller Taeillo
December 21, 2022  |  B2B Payments

Nigerian online furniture store Taeillo now has $2.5 million in funding raised to ramp up production. The Lagos-based investment company Aruwa Capital Management, a female-founded...

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DFC and Mastercard Team for Financial Inclusion in Africa
DFC and Mastercard Team for Financial Inclusion in Africa
December 16, 2022  |  Financial Inclusion

The U.S. International Development Finance Corporation (DFC) plans to further financial inclusion in Africa. The initiative, which was announced at the U.S.-Africa Leaders Summit Friday...

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Visa to Invest $1B in Africa’s Digital Transformation
Visa to Invest $1B in Africa’s Digital Transformation
December 14, 2022  |  Investments

Visa has pledged to invest $1 billion in Africa to accelerate digital transformation. The announcement was made during the U.S.-Africa Business Forum in Washington Wednesday...

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Middle East Becomes IPO Oasis Amid Cooling Financial Markets
Middle East Becomes IPO Oasis Amid Cooling Financial Markets
December 14, 2022  |  IPO

The Middle East has become a bright spot among financial markets as IPO activity declines. Initial public offerings (IPOs) in that part of the world...

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Platforms Give Nigerians Access to Less Volatile Foreign Investments
Platforms Give Nigerians Access to Less Volatile Foreign Investments
December 13, 2022  |  Investments

African FinTech platforms that connect investors to international markets are on the rise. Leading the charge are a handful of Nigerian startups that have built...

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African eCommerce Hub Jumia Closing Dubai Offices to Cut Costs
African eCommerce Hub Jumia Closing Dubai Offices to Cut Costs
December 04, 2022  |  emea

eCommerce platform Jumia is closing its Dubai office to cut costs and focus on Africa. The move comes a little less than a month after...

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African Startups With Ties to FTX Face Heavy Losses, Uncertain Future
African Startups With Ties to FTX Face Heavy Losses, Uncertain Future
November 28, 2022  |  Cryptocurrency

Prior to its dramatic collapse earlier this month, the Bahamas-based cryptocurrency exchange FTX was preparing to debut an Africa-focused version of the platform that would...

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