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Little Sun

Bloomberg Philanthropies funded Little Sun with $5 million investment

Bloomberg Philanthropies invested $5 million in solar powered Little Sun to give those populations in the African region less expensive, clean light from the kerosene lamps they have been using.

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Microsoft 4Afrika

Microsoft reiterates commitment in Africa through a 20-year business plan

Microsoft said through its newly appointed head Kabelo Makwane that it has reinstated its development commitment in the Africa through a 20-year business plan that would boost economic growth and development in the African region.

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Brazil's Petrobas to sell its assets in Nigeria

Petrobas, the top oil producer of Brazil, has been looking for potential buyers to acquire its assets in Nigeria valued $5 billion as the company plans for divestment of international assets.

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Seplat Petroleum Development Co

Seplat: To end gas flaring in Nigeria in 5 years

Oil and gas producer Seplat, the first publicly listed oil and gas firm in the Nigerian bourse, said that it would end its gas flaring activities in the country by September and expects that the practice would be halted in the country by 2020.

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CFAO Motors

CFAO Auto Group looks at entering the Nigerian car manufacturing market

CFAO Auto Group has been looking at the potential car market in Nigeria following other multinational companies including Toyota, Nissan and Kia's entrance to the country through local partnership with distributors for car assembly and production.

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Business Connexion (BCX)

BCX eyes acquisitions and investment opportunities in Africa

Midrand, South Africa-based innovative business solutions integrator Business Connexion (BCX) is eyeing additional acquisitions in Ghana and investment opportunities in the Kenya and Nigeria to widen its presence in the said markets.

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Sources: Kenya's Britam to acquire 30 percent stake in Continetal Re Kenya Ltd

Kenya's Britam would acquire 30 percent stake in Continetal Re Kenya Ltd in a deal valued USD3.5 million, reported Ventures Africa.

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African startup accelerator 88mph to expand to Nigeria

Cape Town, South Africa-based startup accelerator 88mph is expanding to Lagos, Nigeria to begin a new venture with seed funding specialist L5Lab to fund startup programs.

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UBA announces slowing down on Africa expansion

The United Bank for Africa has revealed that it would slow down its expansion in Africa that would be favorable to Nigeria's power projects, reported Ventures Africa.

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Lisec Group

Austria's Lisec Group to enter Nigerian glass markets, reveals expansion plan

Lisec Group disclosed expansion plans directed to entering the Nigerian glass market, reported Ventures Africa.

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Databank Financial Services

Databank Financial Services launches private equity fund for agricultural sector in Africa

Databank Financial Services has launched a private equity fund to cater to small and medium industries in Africa's agricultural sector.

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Investments surged in Nigeria's sugar industry

The sugar industry of Nigeria would be expecting a lot of hefty investments from key players in the market following the increase of demand for sugar, reported Ventures Africa.

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Philippine crowdfunding site Medifund turns non-profit to help medical students finish their studies

Philippines-based crowdfunding site Medifund turned non-profit to help students in developing countries pay for the cost of their schooling and to encourage more women to enter the medical profession.

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Nigerian mobile security startup i.Sec nabs $10M in funding

Nigeria-based mobile security startup i.Sec nabbed $10 million in a funding round from private equity group Synergy Capital to prepare for its public launch this May and for other undisclosed purposes.

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African Private Equity & Venture Capital Association (AVCA)

Small and medium enterprises in Africa bag $10M from AVCA

For the past 18 months, small and medium enterprises (SMEs) in Africa bagged $10 million in investment from London, UK-based non-profit business development organization African Private Equity & Venture Capital Association (AVCA).

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