Nigeria has officially secured full membership in the Asian Infrastructure Investment Bank (AIIB), following formal approval by the Federal Executive Council in Abuja on May 6, 2025. As Asia’s Beijing‑based multilateral development bank celebrates nearly a decade of operations, Nigeria’s accession marks a milestone in Africa’s deepening engagement with alternative sources of long‑term, low‑cost infrastructure financing. With […]

Global logistics leader DP World has kicked off a $165 million expansion of its container terminal at the Port of Maputo, Mozambique’s bustling gateway to southern Africa. Unveiled on May 5, 2025, the project will double the terminal’s handling capacity—boosting throughput from 255,000 TEUs to 530,000 TEUs—while deepening the berth to 16 meters and extending the quay to 650 meters. […]

In a major boost to Africa’s fast-growing fintech ecosystem, Cairo-based Money Fellows has secured $13 million in strategic funding to further its mission of expanding financial inclusion across the continent. The round brings the company’s total raised capital to over $60 million and marks a significant milestone in its journey to digitize the traditional practice […]

Dubai International Chamber, a prominent member of Dubai Chambers, has taken a bold step to enhance its economic ties with South Africa by inaugurating a new representative office in Cape Town. This move is part of the chamber’s broader strategic initiative, the ‘Dubai Global’ program, which aims to foster deeper business and economic cooperation between […]

In a clear sign of renewed confidence in North Africa’s financial promise, British banking giant Standard Chartered officially opened its new branch in Casablanca’s burgeoning Casa Anfa business district this week. The formal registration dated April 25 with the Casablanca Commercial Court cements Morocco’s economic capital as the cornerstone of Standard Chartered’s sub-Saharan Africa strategy […]

In a major boost to West Africa’s private equity and venture capital ecosystem, Nigerian investment firm Aruwa Capital Management has successfully raised $35 million in the first close of its second fund. The firm initially targeted $40 million, but now aims for a final close of $50 million, with a hard cap set at $60 […]

Africa stands on the threshold of a transformative leap forward in sustainable development, thanks to the European Investment Bank’s (EIB) $60 million commitment to accelerate the deployment of green technologies across the continent. This significant investment, channeled through LeapFrog Investments, a private equity firm renowned for its focus on sustainability and inclusive growth, is poised […]

Equatorial Guinea has achieved a landmark milestone by obtaining an investment-grade credit rating of BBB/A2 from Bloomfield Investment Corporation, marking one of the few times a Central African oil producer has risen into this tier. The upgrade signals to international markets that the country has made meaningful strides toward fiscal consolidation, strengthened its external balances, […]

In a strategic move that underscores Zimbabwe’s rising prominence in Africa’s mining resurgence, Kavango Resources Plc has secured a US$5 million interest-free facility from the Comarton Managed Pension Funds’ Investments Consortium. The funding is poised to unlock a new era of mine development and gold processing infrastructure in Zimbabwe, supporting both national economic goals and […]

The African Export-Import Bank (Afreximbank) closed its 2024 financial year with a remarkable 29 percent increase in net income, reaching $973.5 million compared with $756.1 million in 2023. This performance comes amid a challenging global environment characterized by geopolitical uncertainty, persistent inflationary pressures, and elevated interest rates in major economies. Yet it also reflects the […]