Happy Mid-week guys,
Welcome to another edition of the Big 5 Daily! Here is a brief summary of the top 5 gists that made the Big 5 stories in Africa today.
Have a fun read!
Big news! African Infrastructure Investment Managers (AIIM), a South African based private equity infrastructure fund manager has secured $320 million from African, European and Asian investors. The company plans to invest the funds in power, transport and energy projects across Africa.
Next, on the Big 5, Sub-Saharan Africa’s largest mobile phone tower operators, Helios Towers has revived its plans to list on the Johannesburg and the London Stock Exchange. The company plans to conduct an IPO in 2018. The IPO, if successful, is alleged to value the company at $3 billion, which is about R45 billion.
Also, the Mastercard Foundation Social Venture Challenge 2019 has produced fifteen winning teams. Africa produced fourteen out of the fifteen winners, whilst Lebanon produced the last team. The platform creates an opportunity for the winning teams to hone their passion, and grow their hunger for leadership through mentorship and a seed funding of $7500. See the blog for more details.
Have you heard? Visa, a global fintech payment platform plans to launch a mobile banking app for Kenyan savings and co-operative societies. The app initiative was birthed in a bid to make readily available a digital solution that is seamless and affordable to SACCOS and its members. Nice one!
Finally, Nigerian-based agri-tech startup, EZ Farming has recently secured $150,000 from the 500 Startups Accelerator Program. The agritech crowdfunding startup grants users the access to lend money to smallholder farmers They plan to use the funds in building an agri-focused micro-lending platform in Africa.
…and that’s it for today’s BIG 5 Daily!
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