Investors would rather put their money in Mauritius than South Africa

Despite a larger economy and a much bigger population, South Africa’s political uncertainty and failure to draw cost-sensitive investors has given way for the rise of Mauritius as the top investment destination in Africa. Speaking to CNBC Africa, Bravura’s executive director, Soria Hay, said Mauritius is fast-gaining the reputation among investors as being the true…

Indian firms to open operations in Rwanda, transfer tech to local start-ups

Databases of some 230 young Indian technologies engaged in more than 26 value chains are ready for acquisition by Rwandan entrepreneurs and business start-ups, officials have revealed. An Indian technology-led business delegation, India-Rwanda Innovation Growth Programme (IRIGP), has announced that up to 500 Indian firms will be interlinked with local start-ups as they set up…

Prodigy Finance set to grow Cape Town presence after R3.19 billion fintech funding round

Prodigy Finance, an international fintech platform that has developed the world’s first borderless credit model, today announces a R3.19 billion fundraise. This includes a R532 million Series C equity round led by venture capital firm Index Ventures, with participation from Balderton Capital and AlphaCode; and a R2.66 billion debt facility led by a global investment…