July 30 2021

Africa in Review by the Numbers (July 2021)

Review by Kili Partners . Powered by Asoko Insight

$100 million

Amount raised by Chipper Cash, a three-year-old startup that facilitates cross-border payments across Africa, in its Series C led by SVB Capital. This comes only a few months after Chipper Cash raised its $30 million Series B led by Ribbit Capital and Jeff Bezos fund Bezos Expeditions.


330,000 tonnes

Volume of cargo that Kenyan Jomo Kenyatta International Airport handled in 2020. This constituted the largest share of Africa's cargo even as its revenue was hit hard by Covid-19 effects, according to a report by The African Airlines Association (AFRAA).
(The Star)



Number of houses to be built by South African housing company, Property 2000 South Africa in Addis Ababa, Ethiopia at a cost of $4.2 billion. The houses will be made available to low and middle-income residents at 30-year low-interest mortgages.
(Ethiopia News Agency)


$1.19 billion

Amount raised by African startups since the beginning of 2021 with deals worth $1 million and above accounting for about 95% ($1.14 billion) of it.



Headcount growth planned by US investment bank Citigroup. This could add close to 100 new employees to Citigroup's businesses across the African continent as it surges past rivals to reclaim the top spot in arranging debt sales in the region.


283 metres

Height of F Tower, the third tallest building in Africa whose construction begins in Abidjan, Côte d'Ivoire this month. F Tower follows the Iconic Tower (385m) and the Pinnacle Tower (320 metres) both of which are under construction in Egypt and Kenya, respectively.
(Construction Review Online)


$26 billion

Market capitalisation of the Nairobi Stock Exchange, a 39-month-high having added approximately $1 billion in the last month alone on the back of a rally of Safaricom and Equity Bank stocks.


100,000 tonnes

Amount of cobalt produced by the Democratic Republic of Congo in 2020, making 71% of the global total, according to Darton Commodities’ review of the market. The DRC’s state cobalt buyer will put in place a price floor of $30,000 a tonne for the cobalt it buys from artisanal miners.



Morocco cereal grain yields increase in the 2020/21 season. Experts reported higher yields across several staple crops and the increase is due to a tailored fertiliser programme initiated in this harvest season, as well as above-average rainfall.
(Morocco World News)


100 million

Number of COVID-19 vaccine doses a year to be manufactured by South Africa's Biovac to help alleviate Africa's vaccine inequality. The company will 'fill and finish' the Pfizer/ BioNTech mRNA jabs for use across Africa.
(The East African)



Subscription of the first green bond issued by Nairobi-based property developer Acorn Holdings. The final tranche raised $19.3 million against a target of $13.3 million, a significant vote of confidence for such a bond in Kenya's capital markets.
(The Star)



Female CEOs of Nigerian banks after two recent appointments of women to the top role. Women now lead 30% of the nation's lenders, moving the industry closer to the the 40% target outlined in the Nigerian Sustainable Banking Principles.
(This Day)


Review by Kili Partners . Powered by Asoko Insight