Daily Archives: June 26, 2019

Lulalend, South Africa’s First Online Automated Provider of Short-Term Funding for Small and Medium Enterprises, Raises $6.5 Million Series A

Co-led by Quona Capital and IFC CAPE TOWN, South Africa, June 26, 2019 (GLOBE NEWSWIRE) — Lulalend, South Africa’s first online automated provider of short-term funding for small and medium enterprises (SMEs), today announced its Series A financing of $6.5 million. The round was co-led by IFC and Quona Capital, a leading fintech firm whose […]

Kenya Court Halts Building of Coal Plant on Coast

NAIROBI – A Kenyan court has halted construction of what would be the country’s first coal plant. The National Environment Tribunal found the process of awarding a license for the plant was irregular and lacked effective public participation. Environ…

Midyear update: Militancy in Africa

Violent jihadism continues to gain ground in Africa, representing a serious trial for weak and neglectful governments and driving up humanitarian needs for civilians. Extremist groups operate in Egypt and Libya, and across a belt of Sahelian countries….

Stampede in Madagascar Crowd Kills 15, Wounds 75

ANTANANARIVO – At least 15 people were killed and 75 wounded in a stampede at a stadium after a military parade in Madagascar’s capital Wednesday to mark the country’s independence day, authorities said.Joseph Ravoahangy Andrianavalona Hospital confirm…

Zimbabwe President Backs Move to Ban Foreign Currencies

VICTORIA FALLS, ZIMBABWE – On Monday, Zimbabwe’s finance minister announced a ban on the use of foreign currency to conduct transactions inside the country.Addressing journalists Tuesday at the end of a United Nations and African Union summit on wildli…