EGX was communicating with brokerage firms about the initiative and on how to participate and maximize their benefits and on how to create value chain for the securities industry.
Africa Industry

Egypt’s Bourse meets ADB on initiative to integrate Africa’s capital markets

The Egyptian Exchange (EGX) has received a mission from the African Development Bank in the wake of its membership of the African Exchanges Linkage Project (AELP), an initiative to foster greater integration in securities trading across the continent. The AELP project, jointly initiated by the Bank and the African Securities Exchanges Association (ASEA), has the […]

Adam Elhiraika, Director of the Macroeconomics and Governance Division of the Economic Commission for Africa (ECA)
Africa Industry

Africa needs policies to protect its economies from vulnerabilities – ECA

African countries need policies that can help build resilience, raise potential growth and inclusiveness if the continent is to achieve the sustainable development goals and aspirations of Africa’s Agenda 2063. This was said Wednesday by Adam  Elhiraika, Director of the Macroeconomics and Governance Division of the Economic Commission for Africa (ECA) in his presentation to […]

Since its launch in 2016, Paylater has deployed over US$60M across 750,000 loans, approving over 1,500 loans a day with an average of US$80 per loan.
Africa Industry

OneFi Secures US$5M Debt Facility from Lendable

LAGOS – One Finance Limited [OneFi] has secured a US$5M debt facility for its consumer facing platform, Paylater. The facility comes from New York and Nairobi-based Lendable, a technology-enabled funding provider to African consumer and SME lenders. The debt facility will be used to deploy more loans to Paylater customers, specifically through a suite of innovative new products. Since […]

Taxify, the leading European on-demand transportation platform, is changing its name to Bolt and introducing a new logo.
Africa Industry Investment

Taxify re-brands to ‘Bolt’

Taxify, the leading European on-demand transportation platform, is changing its name to Bolt and introducing a new logo. The update brings the brand identity in line with the company’s broader vision of transportation that has already expanded from ride-hailing, with cars and motorbikes, to scooter sharing. Speaking on why the company chose to make the […]

Shapoorji Pallonji Real Estate (SPRE), the real estate arm of one of India’s largest conglomerates
Africa Industry

Actis, Shapoorji Pallonji launch US$120m joint venture for affordable housing in Africa

NAIROBI – Actis, a leading growth markets investor and Shapoorji Pallonji Real Estate (SPRE), the real estate arm of one of India’s largest conglomerates, are set to launch a new real estate joint-venture platform to meet the demand for affordable and middle-income housing in the sub-Saharan African region, starting with Kenya. The residential development platform has been […]