Africa CEO Voices News - Midweek 27
KENYA — NCBA Group has acquired insurer AIG Kenya from American International Group Inc. for an undisclosed amount.?.?.? MORE
DRC – Noki Noki, a Congolese-based logistics company specializing in food delivery and grocery shopping, has secured US$3 million in seed funding to expand its services in six Central African markets.?.?.? MORE
TUNISIA – Sotipapier, the supplier of corrugated base paper and kraft sack paper, has acquired a 70% stake in Eco-Gad, a recycling company based in Sidi Hassine, Tunisia.?. .?? MORE
MEA – Fintech firm Pyypl has announced a partnership with Visa to issue virtual and physical Visa cards through its mobile application, directly to its users.?.?.?MORE
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DRC – Congo Energy Solutions (Nuru) has secured US$50.3 million in funding from the Multilateral Investment Guarantee Agency (MIGA) to develop hybrid solar energy projects?.?.?.MORE
KENYA – CityBlue Hotels has taken an equity position in the B2B platform Farm to Feed which sources imperfect surplus produce directly from farmers, increasing their income and fighting food loss?.?. .? MORE
DRC – Africa Finance Corporation (AFC) has announced closing a US$150 million senior loan with Kamoa Copper to support the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo?.?.?. ?MORE
KENYA—The Central Bank of Kenya (CBK) has licensed seven additional Digital Credit Providers (DCPs), bringing the total to 58..?. .?MORE
EAST AFRICA – The International Finance Corporation (IFC) has announced the appointment of Martine Valcin as its new Country Manager for Rwanda, Tanzania and Uganda.?. .??MORE