Finance

NIT signs distribution agreement with barox for META region

Ingram Micro 23 JuneNIT, an Ingram Micro Company and a regional value-added distributor of IP surveillance and physical security solutions in the Middle East, Turkey and Africa (META) region, has signed a distribution agreement with barox Kommunikation GmbH

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VC4A announces 2020 ‘Venture Showcase Series A’ in collaboration with AWS Activate

VC4A Venture Showcase Series A 2019 Flexclub pitchVC4A is calling for disruptive African scale-ups looking to raise between UK$500,000 and US$10mn

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IFC invests in Nigeria’s Zenith Bank to support SMEs

nigeria banking sector 17 JuneIFC, a member of the World Bank Group, has announced an investment of up to US$100mn in Nigeria’s Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic

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AUDA-NEPAD and Ecobank announce pillars of “100,000 MSMEs by 2021” programme

NEPAD MSMEAUDA-NEPAD, the African Union Development Agency, and Ecobank Group are committing to pool African resources, capabilities, financing, market access and technology, to help achieve a continental response to resources to Africa’s Micro Small and Medium Enterprises (MSMEs)

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AfDB and development partners propel Somalia back from the brink

Somalia AfDB 11 JuneIn early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank (AfDB), paving the way for the lifting of 30-year old sanctions imposed by the Bank and the resumption of full engagement with the fragile East African country

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