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 […]

The Limpopo Investment Conference has concluded with remarkable success, securing over R170 billion in investment pledges during its two-day session at the Ranch Hotel outside Polokwane. However, it is the groundbreaking R9.5 billion deal with the Kingdom of Saudi Arabia that has captured national attention and been celebrated as a transformative achievement for both South […]

In a landmark move for Nigeria’s industrial ambitions, the Stellar Steel Company Limited, a Chinese‐backed firm, has entered into a cooperation agreement with the Federal Ministry of Steel Development of Nigeria worth around US $400 million. The deal, announced in Abuja, signals a new era for steel production in the country and sets the stage […]

In a landmark address at the III Financing Summit for Africa’s Infrastructure Development held in Luanda, Angola, H.E. Lerato D. Mataboge, African Union Commissioner for Infrastructure and Energy, unveiled an unprecedented US$30 billion strategic investment framework designed to revolutionize the continent’s aviation sector over the next decade. The announcement, delivered during a high-level session focused […]

In what represents one of the most ambitious gatherings focused on African economic development in recent years, heads of state, global investors, and development partners are converging in Angola’s capital from October 28-31, 2025, for the III Summit on Financing for Infrastructure Development in Africa. The high-stakes meeting carries the weight of continental expectations as […]

Standard Chartered has agreed to divest its wealth and retail banking business in Uganda to South African financial institution Absa Group for an undisclosed amount, marking another significant milestone in the British bank’s strategic retreat from smaller African retail markets. The transaction, announced on Friday, October 25, 2025, comes as both institutions pursue fundamentally different […]

Nigeria’s solid minerals sector is experiencing a significant transformation as Chinese companies have committed a substantial $1.3 billion investment in lithium processing operations across the country, marking a pivotal moment in the nation’s efforts to diversify its economy beyond oil dependency. This announcement was made by the Minister of Solid Minerals Development, Dr. Dele Alake, […]