After 2020 regional downturn, the International Monetary Fund (IMF) estimated the sub-Saharan Africa (SSA) economy grew at 3.7% in 2021 led by expansion in industry and services but still experienced weaker growth in gross fixed investment
Finance
AfDB ups financial contribution in Mozambique to US$2.5mn
The African Development Bank Group (AfDB) has approved a grant of US$1.5mn to Mozambique to boost the development of local content
Verdant Capital closes four private equity-related transactions in South Africa
Verdant Capital has closed four private equity-related transactions in South Africa with important fund raisings for Bridge Taxi Finance and Retail Capital, the sale of Nedan Oil and the sale of Baxi to MFS Africa
Aggreko builds long-term power partnerships
According to the African Development Bank Group (AfDB), more than 30 African countries are currently experiencing power shortages and regular interruptions due to a variety of reasons having significant impact on the countrys economy
MFS Africa raises funds for continued expansion
MFS Africa has raised US$100mn through an equity and debt financing round, marking another milestone in the company’s expansion