In a landmark policy reversal aimed at rejuvenating its mining sector, Ghana has announced the elimination of value-added tax on mineral exploration and reconnaissance activities, marking the end of a 25-year-old levy that industry stakeholders have long blamed for stifling investment and diminishing the country’s competitiveness in the global mining landscape. The decision, unveiled by […]

The African Development Bank Group has approved a comprehensive $211.4 million financing package aimed at revolutionizing agricultural production and generating thousands of employment opportunities in eastern Angola. This landmark investment represents one of the most significant agricultural development initiatives in the region and signals a strategic shift toward leveraging Angola’s vast untapped agricultural potential. The […]

In a significant step toward economic diversification and long-term fiscal sustainability, Guinea has announced plans to establish its first sovereign wealth fund by the second quarter of 2026, with an initial capitalization of $1 billion. The announcement, made by Planning Minister Ismael Nabe in the capital Conakry on November 12, 2025, marks a pivotal moment […]

Lagos – In a landmark development that promises to reshape Africa’s energy infrastructure and bolster the continent’s refining capacity, an international energy consortium has secured over $50 billion in financing to construct what will become Africa’s second-largest oil refinery in Ondo State, Nigeria. This massive investment represents one of the most significant private-sector energy commitments […]

Ventures Platform’s announcement of a $64 million first close for its new VP Pan-African Fund II is a pivotal development in the evolution of Africa’s technology and startup ecosystem. The fund, which is targeting a final close at $75 million, seeks to enhance early-stage capital access, catalyze successful Series A rounds, and expand venture-building infrastructure […]

Senegal’s international bond markets experienced significant turbulence on Friday, November 7, 2025, as investors reacted sharply to news that the International Monetary Fund had completed a two-week mission to the West African nation without reaching agreement on a new lending program. The development represents a critical setback for the country’s efforts to restore fiscal credibility […]

Ventures Platform, one of Africa’s most prolific early-stage venture capital firms, has successfully raised $64 million to date for its second institutional fund, with ambitions to reach a final close of $75 million, founding partner Kola Aina revealed to TechCrunch. The Lagos-based firm’s fundraising achievement stands as a significant milestone not only for the organization […]

The Competition Authority of Kenya (CAK) has granted unconditional approval for the proposed acquisition of control of Atlas Tower Kenya (ATK) Limited by STOA S.A., a France-based impact investment fund, in a transaction valued at $27 million. The regulatory clearance, announced on Wednesday, November 5, 2025, marks a significant milestone in Kenya’s telecommunications infrastructure development […]

Zambia National Commercial Bank (Zanaco), the country’s largest financial institution by asset base, is set to make history by issuing the nation’s first sustainability bond, targeting $100 million to fund environmental and social projects across the southern African nation. The announcement, made by CEO Mukwandi Chibesakunda at a press briefing in Lusaka on Friday, October […]

A consortium of prominent European development finance institutions has united to deliver a transformative €100 million financial injection into West African banking, marking one of the most significant private equity transactions in the region’s financial services sector this year. The landmark investment, spearheaded by pan-African private equity firm Mediterrania Capital Partners, aims to dramatically expand […]