Business Tech Africa — African business and technology news, insights and analysis

Egypt and South Africa want to make more car parts locally

An Egyptian manufacturer and a South African automotive supplier have agreed to work together on making vehicle components.

Côte d’Ivoire gets $14.3m for SME finance

A 10 billion CFA franc ($14.3 million) financing facility is being made available to small businesses in Côte d’Ivoire through COFINA Côte d’Ivoire.

$100m railway funding could change how goods move between Nigeria and Niger

A $100 million financing deal for the Kano-Maradi railway is one of the more practical parts of a new $390 million funding package approved by the ECOWAS Bank for Investment and Development (EBID).

Ghana wants private investors to put more money into climate projects

Ghana is looking for more private money to fund projects in energy, farming, water, waste and other areas linked to climate change.

UAC sells livestock feeds business for $15m

UAC of Nigeria is selling its controlling stake in Livestock Feeds Plc to Sunbeth Global Concepts for N19.5 billion, about $15 million.

$45.6m to expand Cameroon’s local manufacturing

A Cameroonian manufacturer has secured $45.6 million in revolving working-capital financing from Afreximbank, giving it more room to buy materials, maintain production and expand the products it makes locally.

Nigerian Healthtech Startup HubPharm Africa Wins $30,000 ECOWAS Prize

Nigerian healthtech company HubPharm Africa has won the second ECOWAS Startup Awards, taking home the competition’s $30,000 first prize at the awards ceremony in Abuja on September 30

Meta's Nigerian data case could change how SMEs advertise online

Kenyan Agri-Tech Startup Farm to Feed Secures $171,000 From Proparco

Kenyan AgTech startup Farm to Feed has secured $171,000 from French development finance institution Proparco to expand its technology platform, farmer network and operations.