KfW Bankengruppe News

Funke Opeke, CEO, MainOne

MainOne CEO Funke Opeke on the challenges of and opportunities for investing in Africa

While many fear investing in Africa, one woman has not been afraid of doing so. Funke Opeke is the Founder and CEO of one of the continent’s largest ICT companies, MainOne.

Sahel Capital closes agribusiness fund FAFIN at $65.9 million

Sahel Capital closes agribusiness fund FAFIN at $65.9 million

Sahel Capital, fund manager for the Fund for Agricultural Finance in Nigeria (“FAFIN”), is pleased to announce the successful $65.9 million final close of its debut fund.

Eric Kump, Co-Head, Carlyle Sub-Saharan Africa. Credit: innovation-group.com

Private equity powerhouse Carlyle to acquire GCR, Africa's largest credit rating agency

Global alternative asset manager The Carlyle Group announced on Monday that it has agreed to acquire a significant stake in Africa’s largest credit rating agency GCR from the management founders, and German development financial institution DEG.

Macky Sall, President of Senegal

Senegal Plans New City to Ease Gridlock, Woo China Investors

On a plain dotted with rotund baobab tree trunks Senegal is planning its future. The government of the West African nation is laying the groundwork for a new city …

Kenya's Lake Turkana Wind Power Project

Google to Buy Into Africa's Largest Wind Farm in Northern Kenya

Google Inc. will acquire a stake in Africa’s largest wind farm once the facility is completed in Kenya in 2017.

Dr. Klaus Müller, Director, KfW Development Bank (Left) and Mr. Jurie Willemse, Chief Executive Officer, GroFin (Right) sign an agreement to mark official launch of the GroFin Small and Growing Businesses (SGB) Fund in Africa.44

GroFin launches $100M fund for small and growing businesses in Africa

GroFin launches first of its kind, uncapped and unlimited-life fund to support growth of small and growing businesses in Africa.

James Mwangi, CEO, Equity Bank

Kenya's Equity Bank to expand to the DRC via acquisition in first step outside East Africa

Kenya’s Equity Bank Group plans to expand its operations into the Democratic Republic of Congo by acquiring a 79 percent stake in ProCredit Bank Congo, its chief executive officer said on Tuesday.

Ngozi Okonjo-Iweala, Minister of Finance, Nigeria

Nigeria targets $10B capitalization for proposed Wholesale Development Bank of Nigeria (WDBN): Ngozi Okonjo-Iweala, Nigeria's Minister of Finance

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said the Federal Government is targeting capital base of $10bn for the proposed Wholesale Development Bank of Nigeria.