The supply chain finance solutions from Demica, a leading fintech, has been selected by African Export-Import Bank (Afreximbank) and Sterling Bank to provide approved payables finance to Nigerian businesses and suppliers
Finance
Africa’s largest early-stage VC fund exceeds target and draws to a close
TLcom Capital, an African-focused venture capital firm, has announced the final close of TIDE Africa Fund II at US$154mn
Novare eyes Angola’s increasingly attractive investment environment
Novare, a provider of investment solutions to institutional investors across Africa, has announced plans to expand its Nigerian business into the Angolan market
Ebury seeks to simplify African cross-border commerce through dLocal collaboration
Ebury, the global financial services firm, has taken steps to reinforce its commitment to the African continent by forming a collaboration with dLocal, a cross-border payment platform specialising in high-growth markets
BII seeks to strengthen economic resilience in Africa
British International Investment (BII) has revealed a US$100mn finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to support essential trade finance activities, agricultural development and address critical challenges around food security