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Africa
Ghana’s Public Debt Declines to GHS 567.3 Billion in September 2023
Ghana's public debt has decreased to GHS 567.3 billion as of September 2023, reflecting a GHS 14.2 billion!-->…
Kenyan Parliament Sets Ultimatum for Treasury and Central Bank to Stabilize…
Kenya's Parliament has issued a directive to the Treasury and the Central Bank of Kenya (CBK) to stabilize the!-->…
VC Firm Saviu Ventures Raises €12 Million for Second Fund Focused on Francophone…
Saviu Ventures, a venture capital firm targeting startups in Francophone Africa, has secured an initial close of!-->…
Nigeria Sovereign Investment Authority Launches $500 Million Renewables Investment…
The Nigeria Sovereign Investment Authority (NSIA) has introduced a $500 million Renewables Investment Platform!-->…
KCB Group Reports Growth in Nine-Month Profit Despite Challenging Environment
Kenya's KCB Group has announced positive financial results for the nine months ending September, with a notable!-->…
Strategic Investment in Consumer Profile Bureau by 1K Africa and Ascension Capital
1K Africa and Ascension Capital have jointly announced a strategic investment in Consumer Profile Bureau (CPB), a!-->…
CSquared Secures $25 Million Investment to Fuel Broadband Infrastructure Expansion…
Pan-African technology company CSquared Link Holdings (Mauritius) Limited has announced a new equity investment!-->…
Blue Earth Capital Commits $20 Million to African Infrastructure Investment Fund 4…
Blue Earth Capital has committed $20 million to African Infrastructure Investment Fund 4 (AIIF4), managed by!-->…
Dubai’s Foreign Direct Investments in Kenya Surge to $253 Million in Five…
Kenya has seen a substantial increase in foreign direct investments (FDIs) from Dubai, with the total reaching!-->…
African Development Bank President Highlights Africa’s Pivotal Role in the…
Akinwumi Adesina, President of the African Development Bank (AfDB) Group, emphasized the critical role Africa!-->…
Nigeria Faces Quality Seed Shortage, Hindering Agricultural Productivity
Despite having 314 registered seed companies, Nigeria, Africa's most populous country, is grappling with a!-->…
Africa’s Role in the $57 Trillion Electric Vehicle Market: Opportunities and…
Akinwumi Adesina, President of the African Development Bank Group, emphasized Africa's pivotal position in the!-->…
Emerging Africa Infrastructure Fund Commits $48 Million for West Africa’s First…
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has!-->…
AFC Successfully Exits Investment in Ghana’s Takoradi Port Expansion Project
Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has successfully exited!-->…
Norrsken22 Closes $205 Million Fund to Propel African Tech Startups
Norrsken22, a Pan-African venture capital firm, has successfully closed its debut fund at an impressive $205!-->…
Sanlam Private Equity Sells Majority Stake in Absolute Pets to Woolworths
Sanlam Private Equity, the private equity division of Sanlam Investments, has announced the successful sale of its!-->…
British International Investment Commits $26.5 Million to Enhance Food Security in…
British International Investment (BII), the UK’s development finance institution, has pledged a substantial!-->…
Standard Bank Group Launches Energy Transition Fund to Drive Sustainable Growth in…
Standard Bank Group (SBK), in collaboration with Liberty, has initiated an Energy Transition Fund with an initial!-->…
AAIC Investment Raises $40 Million for Africa Innovation & Healthcare Fund II
AAIC Investment has announced the successful second close of the Africa Innovation & Healthcare Fund (AHF) II,!-->…
Sluggish Growth in Diaspora Inflows Adds Pressure to Kenya’s Forex Reserves
Diaspora inflows into Kenya have experienced their slowest growth rate in the past 13 years, increasing by just!-->…
UK and Global Partners Commit $100 Million for AI-Driven Development in Africa
The United Kingdom, in collaboration with esteemed global partners, is spearheading an initiative to accelerate!-->…
Kenya Addresses Disruption Risk in Gulf Fuel Deal Over Letter of Credit…
Kenya is reassessing the process for banks to confirm letters of credit linked to the government's fuel agreement!-->…
U.S. Pledges to Elevate Kenya’s Investment Climate as Model for Africa
The Biden administration has committed to enhancing Kenya's investment environment, aiming to set a standard for!-->…
Urgent Attention Needed: The Escalating Shilling-Dollar Exchange Crisis
The official exchange rate of the shilling against the dollar has surged past the 150-unit threshold, signaling a!-->…
African Development Bank (AfDB) Elevates Role in Kenya’s Development with…
Over the last five years, the African Development Bank (AfDB) has significantly amplified its financial!-->…
Urgent Appeal for Support: Addressing the Crisis Caused by Akosombo Dam Spillage
The recent spillage of the Akosombo Dam has led to widespread devastation in parts of the Volta Region, leaving!-->…
EU Commits €212.5 Million to Support Key Areas in Africa
The European Commissioner for International Partnerships, Jutta Urpilainen, in collaboration with President!-->…
P1 Ventures Closes First Round of $50M Fund to Support African Software Startups
P1 Ventures, a pan-African seed venture capital fund, has successfully concluded the initial round of fundraising!-->…
FEDA Invests in Cabinda Oil Refinery to Foster Angola’s Energy Transition
The Fund for Export Development in Africa (FEDA), an impact investment subsidiary of Afreximbank, has announced an!-->…
Apex Group Expands South African Presence with BCI and BIP Acquisitions
Global financial services provider, Apex Group, has successfully acquired Boutique Collective Investments (BCI)!-->…