Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V (the “Fund”, “AC(V)” or “Fund V”) at its $470 million hard cap. The Fund, which was significantly oversubscribed, attracted commitments from new and existing investors globally.
Category: Finance
Finance insights covering banking, fintech, investment, financial services and market developments shaping Africa’s economy.
Mobilizing Blended Finance for Climate Investments in Kenya
Kenya faces the formidable challenge of aligning its climate action with its development goals.
The $3bn Private Credit Opportunity in Africa
Africa’s mid-market businesses, the backbone of the continent’s economic growth, can find themselves trapped in a financing void. With annual revenues typically surpassing $10 million, these companies find themselves in a precarious position – too large for microfinance, yet too small or risky for traditional banks.
Fintechs are aiding financial inclusion across sub-Saharan Africa
Fintechs are driving financial inclusion in sub-Saharan Africa by providing safer and more affordable solutions for cross-border remittances, reducing costs by 50% in the past decade. These fintechs are enabling people to join the formal economy and access a range of financial services, contributing to lasting financial inclusion in the region.
Forex trading and the financial sector in Uganda
Uganda is a country situated in East-Central Africa with a potential of 42 million forex traders characterized by high diversity in terms of ethnicity and […]
Payment fraud – top five scams to look out for
The truth is, all businesses are at risk of being scammed at some point, and just one incident can cost a company millions of Rand. […]
Financial Inclusion across Africa starts here
Africa’s first digital in-store lay-by app is aiming to create financial inclusion throughout the continent – starting in South Africa. Local fintech startup LayUp is […]
Chimera Investment LLC invests $50m in Airtel Africa’s mobile money business
Further to previous announcements, most recently on 16 November 2021, Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries […]
Ventures Platform Secures First Close of US$40mn Pan-African Fund
Ventures Platform, the early-stage “discovery” venture capital fund championing the next generation of African entrepreneurs, has announced the first close of its new US$40m Pan-African, […]
WINCH ENERGY OPENS CROWDFUNDING FOR OFF-GRID RENEWABLES
Leading off-grid renewable energy provider, Winch Energy, has opened its crowdfunding campaign to fund solar off grid developments that will connect more people in Sierra Leone […]