Africa

    Kenya's participation in a mega regional capital markets infrastructure project hangs in the balance as the East African Community Secretariat hesitates to rule on a flawed procurement process.

    Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in developing economies and Louis Dreyfus Holding, which owns a controlling stake in leading global agribusiness Louis Dreyfus Commodities, announced on 28 October, 2015 a partnership to launch and jointly manage NISABA, a US$50 million impact investment fund project with a focus on small- and medium-sized agribusiness enterprises (SMEs) in Sub-Saharan Africa. As project sponsor, Louis Dreyfus Holding will invest US$10 million to seed NISABA.

    MasterCard today announced that its representative office, MasterCard Africa, has obtained the Casablanca Finance City (CFC) status for its regional headquarters. The MasterCard office in Casablanca runs operations in over 20 African countries of the Greater North West Africa (GNWA) region.

    More Articles …

    1. Private equity: Sub-Saharan Africa grows to $12 bn a year
    2. Fitch Revises African Export-Import Bank's Outlook to Stable; Affirms at 'BBB-'
    3. East African Securities Exchange Association Cuts Share Transfer Time
    4. West African Development Bank (BOAD) plans to raise USD 500 million in international markets
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