Kenyan President Uhuru Kenyatta on Wednesday launched the Kenya Mortgage Refinance Company (KMRC), a financial institution whose sole function is to provide long-term loans to primary mortgage lenders.
Hoima. A new sugar factory worth $6m (Shs22b) is expected to be commissioned before the end of this year in Hoima District. The factory - Bwendero Sugar Factory – which is owned by businessman John Fitzergerald Magara, will be the 13th in Uganda with an installed cane-crushing capacity of 1,000 metric tonnes per day.
South African-based Point of Sale payments provider, Yoco, has raised a Series B round of $16 million led by Partech, a Venture Capital firm based in Silicon Valley, Europe and Africa. Yoco will leverage its Series B to grow its network of small business merchants, invest in product development, operational scalability and attracting top-tier fintech talent.
Content Types: NewsletterRegions & Countries: South AfricaIndustries: InfrastructureTelecommunications...
LaserNet, a private South African internet service provider, is discussing selling up to 50% of its share capital as part of a ZAR 160m (USD 11m equivalent) financing round with potential backers, cofounder Grant Randall said.