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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)…