Uhusiano Capital

Nigerian food e-commerce Pricepally secures US$1.3M in seed funding

Nigerian food e-commerce Pricepally secures US$1.3M in seed funding Pricepally, a Nigerian e-commerce platform for fresh and packaged foods has raised US$1.3 million in seed funding to help it scale. Investors in the seed fundi

International corporations eager to boost pulses and oilseeds Imports from Ethiopia

International corporations eager to boost pulses and oilseeds Imports from Ethiopia Lured to Ethiopia’s big potential of pulses and oilseeds, foreign companies said that they have big interest to increase their imports of pulses and oilseeds

Maputo port expansion buoys booming Mozambique minerals trade

Maputo port expansion buoys booming Mozambique minerals trade Ramping up its drive to consolidate its standing as Southern Africa's premier mineral export hub, Mozambique's Maputo Port Development Company (MPDC) has unve

EthSwitch pre-tax profit jumps a record 172%

EthSwitch pre-tax profit jumps a record 172% EthSwitch posted a record-high annual profit after a sharp increase in its interoperable transactions services fuelled by the growing adoption of digital paymen

COP 28: Mozambique positions large hydro project to anchor energy transition

COP 28: Mozambique positions large hydro project to anchor energy transition With the COP28 summit on the horizon, Mozambique is ramping up efforts to thrust its massive Mphanda Nkuwa hydro scheme into the global spotlight. The country

Aduna Capital Nigeria launches US$20M early-stage fund

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Mozambique to import 120t of chicken to cover deficit

Mozambique to import 120t of chicken to cover deficit The private sector in Mozambique will import around 1,200 tons of chicken to cover any possible shortfall during the festive season, taking into account current

AfDB agrees loan of nearly €87M for Senegal's Agropole Nord

AfDB agrees loan of nearly €87M for Senegal's Agropole Nord Meeting in Abidjan last week, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a €86.89 million loan to Senegal to develop

Top rooftop bars in Dar es Salaam

Top rooftop bars in Dar es Salaam When you want to feel the pulse of Tanzania at night, the top places to visit are the rooftop bars in Dar es Salaam. Dar es Salaam is the biggest city in Tanzan

NBA Africa and Forest Whitaker unveil refurbished court in Cape Town

NBA Africa and Forest Whitaker unveil refurbished court in Cape Town Whitaker Peace & Development Initiative Founder and CEO Forest Whitaker Attends Launch Event; new Court Will Host Year-Round Youth Basketball Development Pr

AMEA Power closes US$75M funding from SoftBank

AMEA Power closes US$75M funding from SoftBank AMEA Power has now announced the closing and funding of a $75 million equity funding round from SoftBank Group Corp. (“SBG”), a Japanese investment holding

AfCFTA: Keeping the dream alive - from agreement to implementation - what you should know

AfCFTA: Keeping the dream alive - from agreement to implementation - what you should know The Agreement Establishing the African Continental Free Trade Area (AfCFTA) was brokered by the African Union (AU) and adopted by 44 of its 55 member states on

Shell announces gas discovery offshore Egypt

Shell announces gas discovery offshore Egypt British multinational oil and gas company Shell has disvovered a gas reservoir at the North East El-Ammiya block in the Mediterranean Sea, offshore Egypt. The

Tabora irrigation schemes setting regional precedence

Tabora irrigation schemes setting regional precedence Tabora area leader Batilda Burian has invited investors to seize investment options in Tabora irrigation schemes The call follows Tanzania move to launches

AfDB strengthens partnership with the African Network of Delivery Units

AfDB strengthens partnership with the African Network of Delivery Units The African Development Bank’s participation in the 2023 Dakar Forum of The African Delivery Units Network, provided a unique platform to share success storie

Mozambique wants EU partnerships for critical minerals processing

Mozambique wants EU partnerships for critical minerals processing Mozambique’s minister of the economy and finance, Max Tonela, said last week that the country has plenty of graphite to meet the demand for electric cars in t

East Africa to market tourism as a bloc in new strategy

East Africa to market tourism as a bloc in new strategy Annual tourist arrivals to the EAC are anticipated to increase to about 14.05 million by 2025, from the 7.2 million recorded in 2019. Kenya targets 5.5 mil

South Africa’s record-breaking canola harvest expected to exceed 220k tons

South Africa’s record-breaking canola harvest expected to exceed 220k tons As the annual canola harvest begins to wind down across various regions in South Africa, Southern Oil (SOILL) anticipates an impressive total yield of over 220,

Rio Tinto pays fine to end SEC probe into Mozambique coal deal

Rio Tinto pays fine to end SEC probe into Mozambique coal deal Mining giant pays $28 million to settle six-year investigation Former CEO Tom Albanese also pays fine to settle with SEC Rio Tinto Group agreed to pay a $28 mi

Zambia's troubled debt restructuring efforts

Zambia's troubled debt restructuring efforts Zambia's debt restructuring has been a complex, three-year process, which suffered a serious setback on Monday when bilateral creditors, including China, effec

Rwanda Central Bank issues license to NALA regional fintech

Rwanda Central Bank issues license to NALA regional fintech The National Bank of Rwanda has issued a license to NALA, an East African financial technology company to make international payments to Rwanda cheaper and more

Tripartite protocol on Single Port Window signed in Angola's Lobito

Tripartite protocol on Single Port Window signed in Angola's Lobito A protocol on the Single Port Window to facilitate trade was signed last week in Lobito (Benguela) between the Maritime and Port Authority of Singapore, the Int

Zambian Breweries kicks off 2023 sorghum planting season in Zambia

Zambian Breweries kicks off 2023 sorghum planting season in Zambia Zambian Breweries joined farmers of Zimba in Southern Province of Zambia, with representation from Ministry of Agriculture and other stakeholders to officially

FrontEdge secures US$10M to facilitate cross-border trades for African SMEs in round led by TLG Capital

FrontEdge secures US$10M to facilitate cross-border trades for African SMEs in round led by TLG Capital International trade in Africa is under-financed with only 30% of trade volumes intermediated by banks. This large financing gap disproportionately affects small

Mozambique Minister of Economy and Finance welcomes EU investors

Mozambique Minister of Economy and Finance welcomes EU investors Mozambique’s Minister of Economy and Finance, Max Tonela, laid out an enticing vision for European investment at this week’s high-profile Mozambique-EU Inve

A closer look at Equity Group’s Q3 performance

A closer look at Equity Group’s Q3 performance Equity Group anticipates regulatory changes, currency fluctuations, and the broader economic repercussions of global events as obstacles in the future. How

IFAD lists its sustainable bonds on the London Stock Exchange

IFAD lists its sustainable bonds on the London Stock Exchange Private investors are a powerful force to help us fund a world where no one is left behind, said Alvaro Lario, President of the UN’s International Fund for Ag

Africa fertilizer financing mechanism commits US$2M+ to improve farmers’ access

Africa fertilizer financing mechanism commits US$2M+ to improve farmers’ access The Africa Fertilizer Financing Mechanism will provide a $2 million partial trade credit guarantee and a $219,000 grant funding to Nairobi-based Apollo Agricult

IMF to approve further US$60M in support for Mozambique’s state budget

IMF to approve further US$60M in support for Mozambique’s state budget The International Monetary Fund (IMF) is to approve a further disbursement of 60 million dollars this year in support for the State Budget (SB), under the Exten

Mozambique's MPDC inaugurates park to enhance flows along bustling African route

Mozambique's MPDC inaugurates park to enhance flows along bustling African route The Port of Maputo Development Company (MPDC) has opened a new Traffic Management Park in Pessene, located just south of Maputo, to help address road congestion