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Africa
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)…
EU Commits 150 Billion Euros to Infrastructure Projects in Nigeria
The European Union (EU) has unveiled its Global Gateway Initiative, pledging to disburse 150 billion Euros by 2027…
Afreximbank and ECIC Launch $1 Billion Program to Boost South Africa-Africa Trade
The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa (ECIC)…
Africa50 Launches $500 Million Infrastructure Acceleration Fund (IAF)
Africa50, a pan-African infrastructure investment platform, has introduced the Africa50 Infrastructure…
African Financial Markets Show Resilience Amid Global Challenges
The Absa Africa Financial Markets Index 2023 reports continued progress in developing financial markets across…
Setbacks in African Tech Startups Impact Investor Confidence
The closure of several once-promising startups in the African tech ecosystem, including fintechs Payday and Dash,…
Manufacturing Sector in Kenya Faces Challenges with Over 30 Plant Shutdowns
More than 30 manufacturing companies in Kenya have shut down production plants within a decade, indicating the…
Gaia Impact Achieves First Closing of €40 Million for Gaia Energy Impact Fund II
Gaia Impact, in partnership with Capital Croissance, Schneider Electric, Capelan, and Investisseurs &…
Lillian Kidane Appointed as Regional Director for Africa at Dalberg Advisors
Global impact consultancy, Dalberg Advisors, has named Lillian Kidane as the new Regional Director for its Africa…
Sanari Capital Raises R1.25 Billion for Sanari 3S Growth Fund, Edging Closer to…
Sanari Capital, a women-led and majority Black- and women-owned South African private equity firm, has…
Top 10 African Countries with the Largest Gold Reserves in 2023
Africa boasts some of the world's largest gold reserves, presenting a substantial source of wealth and economic…
Africa’s MSMEs Must Embrace Digital Transformation for Sustainable Growth
Professor Olajumoke Familoni, an expert in management and entrepreneurship, emphasized the need for African…
Bank of Ghana Set to Conclude Interest Rate Hikes Amid Falling Inflation
The Bank of Ghana is expected to conclude its series of interest rate hikes as Ghana's headline inflation rate…
Mali’s Elections Postponed Due to Technical Challenges and Dispute with…
Mali's military junta has decided to postpone the scheduled February elections, citing technical difficulties and…
EBRD Commits Up to €30 Million in Mediterrania Capital Partners’ MC IV Fund…
The European Bank for Reconstruction and Development (EBRD) is set to invest up to €30 million in Mediterrania…
Valu Closes EGP 922.3 Million Securitized Bond Issuance in Partnership with EFG…
Valu, a prominent financial technology company in the MENA region, has successfully completed its sixth…
Kasada Strengthens South African Hospitality Portfolio with Acquisition of Former…
Kasada, a real estate private equity platform focused on Africa's hospitality sector, has purchased the former…
Vumela Enterprise Development Fund Invests R18 Million in South African…
Rentoza, South Africa's first pure-play subscription model for digital goods and appliances, has secured an…