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News

African tech growth fund empowers entrepreneurs

Norfund has invested in Norrsken22, a new tech fund supporting technology growth and impact across Africa. The fund raised USD 205 million in total, surpassing its target of USD 200 million. Norrsken22 is focused on entrepreneurs developing fintech, edtech, medtech […]

Moza Banco combats coastal erosion with 2000 seedling plantation

In a demonstration of its dedication to environmental preservation, more than 200 Moza Banco employees collaborated with volunteers from diverse private, academic, and governmental organizations during the second phase of the “Let’s Plant Trees” project. Guided by environmentalists and local […]

UGEFA and dfcu Bank collaborate for a sustainable future in Uganda

The Uganda Green Enterprise Finance Accelerator (UGEFA) joined forces with dfcu Bank to foster green economic development in Uganda. dfcu Bank is committed to transforming the economy in Uganda and enhancing the wellbeing of its people. In line with UGEFA’s […]

NMB Bank & Rabo Partnerships join forces to boost the agribusiness in Zimbabwe

NMB Bank Zimbabwe and Rabo Partnerships entered into a multiyear partnership aimed at supporting the bank to become a dominant player in the food and agribusiness sector and to play a catalyst role in the development of the agricultural ecosystem. […]

Ecobank, AGF sign USD 200mn deal to fund SMEs

Ecobank and the African Guarantee Fund (AGF), a specialized pan-African guarantee provider, have joined forces in a groundbreaking USD 200 million risk-sharing agreement, aimed at catalysing economic growth and supporting entrepreneurial ventures – including women-owned SMEs on the continent. The […]

Equity Group concludes new acquisition in Rwanda

Equity Group Holdings (EGH) has successfully concluded the acquisition of Compagnie Générale de Banque (Cogebanque) Plc (COGEBANQUE), solidifying its regional expansion strategy. The acquisition whch was concluded on 30 November 2023, resulted in EGH holding 99.1250% of COGEBANQUE’s issued share […]

iiDENTIFii and Zanaco partner to accelerate digital financial inclusion in Zambia

Zambian financial inclusion in a changing digital landscape came under the spotlight at the recent Digital Government Africa (DGA) Summit, which was held in Zambia. With a projected 4.2% growth in the country’s GDP in 2024, the rising adoption of […]

New appointments

Arise is excited to announce the appointment of Papa Loum, who has recently joined us as a Senior Investment Associate. Papa began his career at Citi as a Corporate and Investment Banking Analyst, covering diverse sectors like oil and gas, […]

Arise lends its support to the Ecobank Fintech Challenge 2023

Lomé, Togo 24 August 2023 – Over 1,400 Fintech startups from 64 countries across Africa and beyond applied for this year’s Ecobank Fintech Challenge with eight of them making the cut to the final where they will compete for the […]

Rabo Partnerships recently hosted its 2023 edition of the Future Leadership Program

Rabo Partnerships recently hosted its 2023 edition of the Future Leadership Program. This eight-week training program is aimed at developing banking professionals from the organisations’ partner institutions in Africa and Latin America. This was the 11th consecutive year that this […]

Rabo Partnerships hosts its 11th future leadership program

Rabo Partnerships recently hosted its 2023 edition of the Future Leadership Program. This eight-week training program is aimed at developing banking professionals from the organisations’ partner institutions in Africa and Latin America. This was the 11th consecutive year that this […]

Dfcu’s Investment Club app wins global innovation award

An innovative dfcu Investment Club app has emerged as the platinum winner for the Infosys Finacle Innovation Awards 2023 under the category of business model innovation. The app was selected from over 200 global nominations across 10 categories by a […]

Moza Banco staff empowerment initiative paves the way for service excellence

An innovative employee initiative by Moza Banco to empower staff has played a key role in advancing service levels and contributing to staff retention. Club Moza was established in 2013 by employees of the bank across various operational divisions, with […]

CalBank signs agreement with GIRSAL to boost agribusiness portfolio

Last month, CalBank, entered into a strategic partnership with Ghana Incentive-Based Risk Sharing Agricultural Lending (GIRSAL), a non-bank financial institution specialising in Agric financing. This collaboration is aimed at enhancing the bank’s agribusiness portfolio and contributing to the growth of […]

Ecobank Group enhances cross-border payments across Africa

The Ecobank Group and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate the settlement of cross-border transactions of the Group, including the transactions of all their subsidiaries, through PAPSS. The agreement […]

Equity Group acquires 91.93% of Cogebanque in Rwanda

On 14 June Equity Group Holdings Plc, in keeping with its strategic regional expansion, announced its intention to acquire Compagnie Générale de Banque (Cogebanque) PLC Ltd in Rwanda after signing a binding term sheet that means that, upon completion of […]

Navigating the impact of cryptocurrencies on African banks: balancing risks and rewards

Africa continues to have an enormous cash and informal trade economy. Promoting financial inclusion is critical, with banks playing a pivotal role in facilitating economic growth and financial inclusion across Sub-Saharan Africa. Cryptocurrencies have the potential to redefine the banking […]

New appointment | Lindani Samkange-Chikumbirike

Arise is excited to announce the appointment of Investment Manager, Lindani Samkange-Chikumbirike. Lindani, who joined Arise last month has over sixteen years of experience in the investment sector having worked in private equity and corporate finance. He has worked on […]

Moza Banco consolidates main indicators and maintains growth trend in 2022

In 2022 Moza Banco consolidated its main indicators and maintained growth trends in line with previous years, a fact supported by the confidence shown by its customers and the market. The Management Report and Financial Statements, discussed on 28 April […]

FMO signs USD 11 million NASIRA guarantee to NMB Bank

FMO is pleased to announce a USD 11 million NASIRA risk sharing facility for NMB Bank in Tanzania. This facility will be used to support the bank in increasing financing for Micro, Small and Medium-sized Enterprises (MSMEs) operating in Tanzania. […]