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News

Nhlanhla Nene retires, and Philip Odera appointed, as Chairman of the board of Arise

Mr Nene has retired from the board of Arise, an African investment company that partners with local financial and non-banking institutions in Sub-Saharan Africa to advance financial inclusion. Mr Nene joined the board shortly after the formation of Arise and, […]

Zanaco, British International Investment sign US$50 million MSME facility

Washington DC, 14 October 2022 – Micro Small and Medium Scale Enterprises (MSMEs) in Zambia have received a boost following the signing of a US$50 million financing facility between Zambia National Commercial Bank (Zanaco) Plc and British International Investment (BII), […]

Soymilk production to create jobs and increase food access in Zambia

Norfund is investing 5 million USD in 260 Brands to finance the company’s expansion into production of soymilk, creating jobs and increasing access to locally produced nutritious food. 260 Brands is an agro-processing company based in Lusaka, Zambia, that manufactures, […]

Agribusiness Development Centre launches a Business Accelerator Program (BAP)

In August, the Agribusiness Development Centre powered by dfcu limited and Rabo foundation) launched a Business Accelerator Program (BAP) that will attract Agribusinesses getting out of ideation phase and offer them a business acceleration opportunity which should enable these enterprises […]

Equity gets recognition for championing sustainable finance initiatives

Equity Bank Kenya has been recognized by the Kenya Bankers Association (KBA) at the 2021 SFI Catalyst Awards for its efforts in championing sustainable finance initiatives in support of the region’s economic recovery and resilience. The bank whose business model […]

NMB Bank Zimbabwe officially opens new head office

NMB Bank has officially opened its head office at 19207 Liberation Legacy Way in Borrowdale Harare in August. Speaking at the event, the Deputy Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Jesmen T Chipika said: “It gives me […]

Arise INSEAD Women Leadership Initiative

Women’s economic participation and leadership in business is essential to drive business performance, as well as to advance corporate sustainability and increase global GDP. To advance female leadership in the African banking sector, Arise partnered with international leadership institution INSEAD, […]

Arise drives the largest African Series A investment in iiDENTIFii, a vendor of biometric authentication solutions

iiDENTIFii, the innovative biometrics company, has raised USD15 million growth capital, with the round led by Arise. This is, to date, the largest African Series A in the identity verification space. iiDENTIFii is a world leader in biometric authentication. Its […]

Gavin Tipper appointed as CEO of Arise

Arise is excited to announce the appointment of Gavin Tipper as Chief Executive Officer. Gavin is a seasoned business leader with considerable experience in the investment and financial services sectors. His career commenced at KPMG where he was a technical […]

Shifting the paradigm – Sustainability Disclosure Requirement for African Financial Institutions

For many years, large corporates around the world have struggled with the multitude of voluntary corporate sustainability reporting standards and requirements. In response, there has been substantial consolidation among the various standard setters, to the point that there are now […]

Equity Bank and Equity Afia – improving access to quality healthcare across East and Central Africa

Equity Afia is the flagship programme of the Equity Group Foundation’s (EGF) health sector engagement, with a mission to provide access to inclusive, standardized, quality healthcare and health financing to enable people to lead productive lives. This initiative was spurred […]

Zanaco Plants a Million Trees Initiative: engaging young people in environmental conservation and climate action

Zanaco launched a tree planting initiative dubbed “Zanaco Plants a Million” project in May this year. The project aims to fulfil the bank’s commitment towards sustainable action. Through this initiative Zanaco aims to plant in excess of 1 million trees […]

NMB Jasiri Bond – making sustainable finance history in support of economic empowerment of women

Earlier this year, NMB Bank in Tanzania, wrote an important chapter in sustainable finance history when it issued the first social bond by an East African financial institution. The bond, which was heavily oversubscribed, raised TZS 74bn (about USD 30mn) […]

Equity and the African Continental Free Trade Area Secretariat cement a partnership to deepen economic integration

At the 41st Ordinary Session of the Executive Council of the African Union, which took place in Lusaka, Zambia last month, the African Continental Free Trade Area (AfCFTA) Secretariat and Equity Group signed a Memorandum of Understanding to deepen the […]

Ecobank scoops several accolades the prestigious Euromoney Awards.

In July, Ecobank won the coveted titles of ‘Africa’s Best Bank,’ ‘Africa’s Best Bank for SMEs,’ and ‘Africa’s Best Digital Bank at the prestigious Euromoney Awards for Excellence, which have been running for over 30 years. Ade Ayeyemi, Chief Executive […]

Arise appoints Senior Manager: Banking and Innovation

Arise is pleased to announce the appointment of Zahir Essop, Senior Manager: Banking & Innovation. Zahir, who joined the Arise team on 1 August 2022, is a seasoned IT and Innovation Specialist with more than 18 years’ experience. He began […]

Emerging stronger and collaborating to drive socio-economic growth, economic prosperity and financial inclusion in Africa

The COVID-19 pandemic followed by the Ukrainian-Russian war has triggered the deepest economic challenges of our time, exposing the weaknesses in the commodity supply lines that lead to disrupting economic activity, threatening job creation and economic prosperity. This has had […]

Rabobank takes top spot among Dutch banks in brand sustainability index

Last month consumers voted Rabobank as the most sustainable bank in the Netherlands during the Sustainable Brand Index, Europe’s largest sustainability brand survey. According to the Sustainable Brand Index (SBI), Rabobank’s top performance is notable because consumers have rated Rabobank […]

Farmerline secures $6.4 million Pre-Series A investment to help African farmers and agribusinesses make more

Farmerline Group – the continent’s Amazon for African farmers – has secured a US$6.4 million Pre-Series A investment and $6.5 million debt to strengthen its supply chain for agribusinesses; reduce the cost of farming; and increase yield for farmers on […]

Norfund invests in the South African-based citrus and fresh-produce exporter

Norfund is investing in the South African-based citrus and fresh-produce exporter Lona Group. This investment was made together with Phatisa Food Fund 2, and British International Investment (BII, formerly known as CDC Group) and Finnfund. As one of the largest […]