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Sweden’s Swedfund has led a coordinated $30 million equity investment into the Novastar Ventures Africa People and Planet Fund III (NVIII), alongside Norway’s Norfund and the UK’s British International Investment (BII). The allocation—$10 million from each institution—marks a significant vote of confidence in homegrown climate-tech entrepreneurs that are developing clean, scalable solutions to Africa’s climate […]

A New Chapter for Frontier-Market Finance The Africa Resilience Investment Accelerator (ARIA)—the innovative platform founded by British International Investment (BII) and the Dutch entrepreneurial development bank FMO—is entering its second phase with the arrival of PROPARCO, the private-sector financing arm of France’s Agence Française de Développement (AFD) Group, as a full funding partner. Launched in […]

Overview of the $100 Million Commitment The African Development Bank (AfDB) Board of Directors has approved a US$100 million equity investment in Arise Integrated Industrial Platforms Limited (Arise IIP) (Arise IIP). This injection of capital is earmarked to accelerate the development of Special Economic Zones (SEZs) and industrial parks across Africa, underpinning the Bank’s industrialization […]

Kofa Technologies, a Ghanaian clean-tech startup, today announced it has raised US$8 million through a special purpose vehicle (SPV) led by impact investor PASH Global, with substantial backing from the Shell Foundation and the UK Government’s Transforming Energy Access (TEA) initiative. The new capital will fund the deployment of 6,000 portable batteries and up to […]

Introduction Finnish networking giant Nokia and South Africa’s Reflex Solutions have joined forces to tackle the persistent challenge of inadequate broadband access across the Rainbow Nation. In a deal announced on May 19, 2025, Reflex—a subsidiary of the Myriad Group—will deploy Nokia’s high-capacity Broadband Network Gateway (BNG) solution, based on the 7750 Service Router (SR-1) […]

From Aid to Investment: A New Chapter in EU-Africa Relations In a clear signal that Europe’s approach to Africa is evolving, the European Union has announced a €40 million investment to modernize the Douala–N’Djamena trade corridor. This milestone, wrapped within the EU’s Global Gateway initiative, emphasizes sustainable infrastructure and signals a broader strategic pivot: Africa […]

On 21 May 2025, the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) announced a landmark partnership to identify and prepare investment projects across six sub-Saharan nations: Benin, Côte d’Ivoire, Ghana, Kenya, Nigeria and Senegal. Underpinned by a €15 million grant from the EU’s Global Gateway strategy, this technical-assistance package aims […]

In a landmark address to the 78th World Health Assembly (WHA78) in Geneva, H.E. President João Lourenço of Angola announced an US$ 8 million pledge to the World Health Organization’s (WHO) Global Investment Round. As Chair of the African Union, President Lourenço used his dual platform to champion a new paradigm for global health financing […]

Introduction Africa’s telecom behemoths, Airtel Africa Plc and South Africa’s MTN Group, are in advanced talks to share network infrastructure in Rwanda, Congo-Brazzaville, and Zambia. This follow-up to their landmark agreements in Uganda and Nigeria aims to trim capital and operating expenses, bolster service quality, and accelerate digital and financial inclusion across the continent (Reuters, […]

Introduction The Federal Government of Nigeria has completed the crucial legal and governance frameworks required to operationalise the long-awaited African Energy Bank (AEB), with preparations for its official launch now entering the final stretch. The announcement came at a high-level review meeting in Abuja, chaired by the Minister of State for Petroleum Resources (Oil), Senator […]