ExxonMobil, a leading U.S.-based integrated energy company, is set to underscore its long-term commitment to Africa’s burgeoning energy sector as a Diamond Sponsor at the highly anticipated 2025 African Energy Week (AEW) conference in Cape Town. The African Energy Chamber has confirmed ExxonMobil’s pivotal role in the event, scheduled for later this year under the […]

South Africa’s energy future is at a pivotal crossroads, marked by ambitious plans to transform its power landscape and address a long-standing infrastructure deficit. This week has been particularly dynamic for the nation’s power transmission sector, signaling a concerted effort to accelerate development and integrate much-needed private capital. At the heart of this push is […]

The digital landscape in Africa is set for a significant transformation following a major announcement from tech giant Google. The company has pledged a cumulative $370 million (approximately R6.7 billion) in funding dedicated to accelerating artificial intelligence (AI) development across the continent. This substantial investment is complemented by the exciting launch of a new, state-of-the-art […]

In a significant move poised to reshape Tanzania’s telecommunications landscape, Vodacom Tanzania Plc, the nation’s leading mobile operator, has successfully completed its strategic takeover of Smile Communications Tanzania Ltd. This pivotal acquisition, valued at Tsh73.22 billion (approximately $28.18 million USD), marks a decisive step for Vodacom in its ambitious drive to accelerate the rollout of […]

A significant new $100 million agricultural investment by China’s Sinohydro Group in Angola has ignited a fresh round of discussions concerning land access, national food security, and the evolving dynamics of foreign influence in African agriculture. Announced this week in the Angolan capital, Luanda, this deal marks China’s second major agricultural commitment to the Southern […]

In a pivotal decision that promises to redefine the landscape of African entertainment, South Africa’s Competition Tribunal has granted conditional approval for the acquisition of MultiChoice Group Limited by French media giant Groupe Canal+ SAS. This landmark deal, valued at approximately R55 billion (equivalent to around US$3 billion at the time of the offer), marks […]

In a significant move set to reshape South Africa’s entrepreneurial landscape, ASI Financial Services has unveiled a groundbreaking R300 million (approximately $17 million USD) Entrepreneurship-Through-Acquisition (ETA) Search Fund. This innovative initiative directly confronts two pressing national challenges: the critical succession gap among Small and Medium-sized Enterprise (SME) owners and the persistently high youth unemployment rate. […]

Global energy giant TotalEnergies has announced the successful commencement of production from two significant new projects in Angola’s deepwater Blocks 17 and 17/06. These strategic investments, the Begonia and Clov Phase 3 subsea satellite developments, are poised to collectively add 60,000 barrels of oil per day (bpd) to Angola’s output, reinforcing the nation’s crucial role […]

The 32nd Annual Meetings of the African Export-Import Bank (Afreximbank), known as AAM2025, recently concluded with a resounding declaration of commitment to Africa’s economic transformation. A series of impactful deal signings during the event underscored Afreximbank’s proactive role in de-risking and accelerating critical infrastructure and industrial projects across the continent. Four significant project preparation transactions […]

In a remarkable turnaround story for one of Africa’s most strategically vital copper assets, Zambia’s Mopani Copper Mines is experiencing a robust revival, spearheaded by a transformative investment from the UAE’s International Resources Holding (IRH). Just one year after IRH became the majority shareholder, Mopani has witnessed a significant surge in production, substantial job creation, […]