Jumia emerges first African firm to list shares on NYSE

Posted by - April 16, 2019

Jumia Technologies AG (“Jumia”) the leading Pan-African e-commerce platform, has been listed on the New York Stock Exchange. The listing on the NYSE happened in New York, USA, with shares beginning trading at $14.50 under ticker symbol JMIA. By the listing, Jumia became the first startup from Africa to list on a major global exchange.

Chinese firm launches Sh 4.5 Billion Plastic Recycling Plant in Kenya

Posted by - April 10, 2019

A Chinese firm, Weeco recycling company , has launched a Kshs4.5 billion recycling company in Athi River and Mombasa that collect and recycle plastic bottles which are later converted into fiber and garment. Company Director Wang Zhangyin said that the firm would collect approximately 2000 tonnes of bottles every month as it aims to provide

BOI, Firm Create N1bn Niger Delta Off-Grid Energy Fund

Posted by - February 15, 2019

The Bank of Industry and All On, a Nigerian off-grid energy investment company backed by Shell, have announced the establishment of a N1bn Niger Delta Off-Grid Energy Fund. They said the fund would provide local currency debt financing to facilitate the deployment of energy solutions by access-to-energy companies in the Niger Delta at 10 per

Venture Capital Firm Opens in Rwandan Market

Posted by - July 31, 2018

A venture capital firm has entered the Rwandan market seeking investable enterprises to inject capital into and has come from well-off investors, investment banks and any other financial institutions for a stake in the in the start-up firms. Venture capital is financing that investors provide to startup companies and small businesses that are believed to