In a bold demonstration of confidence in Africa’s economic future, global logistics giant DHL Group has announced a multi-year investment exceeding €300 million ($349 million) in Sub-Saharan Africa, marking one of the largest infrastructure commitments by an international logistics company in the region. The comprehensive investment program will be deployed across DHL Express, DHL Global […]

In a bold declaration that underscores Nigeria’s determination to lead Africa’s green energy revolution, Vice President Kashim Shettima has unveiled the nation’s ambitious plan to unlock over $410 billion in renewable energy investments between now and 2060. This transformative initiative, announced at the inaugural Nigerian Renewable Energy Innovation Forum (NREIF) 2025 in Abuja on Tuesday, […]

In a strategic move that underscores the shifting dynamics of global aerospace manufacturing, French aerospace giant Safran, one of the world’s leading aircraft engine manufacturers, has announced two landmark agreements with Morocco to establish a new engine assembly line for Airbus jets and a comprehensive maintenance and repair facility near Casablanca. The combined investment of […]

The European Union has announced a substantial commitment to invest 11.5 billion euros ($13.3 billion) in South Africa across multiple strategic sectors, with a primary focus on clean energy infrastructure, renewable power generation, and pharmaceutical manufacturing capabilities, according to a statement released late on Thursday following high-level diplomatic meetings in Brussels. This ambitious investment package […]

Starlink, the satellite internet division of SpaceX, has announced it will comply with South Africa’s Black Economic Empowerment (BEE) legislation and commit R2.5 billion in investment as it positions itself for a long-awaited market entry into Africa’s most industrialized economy. The announcement, delivered by Ryan Goodnight, Starlink’s senior director for market access, came during the […]

Johannesburg, October 8, 2025 — In a move that underscores the evolving landscape of South African finance, 36ONE Asset Management has finalized a significant Black Economic Empowerment (BEE) transaction, granting a consortium led by MI Capital a 22% equity stake in the prominent investment firm. The deal arrives at a moment of intense national debate […]

South African mining company Tharisa has unveiled ambitious plans to invest $547 million (R9.46 billion) in a transformative underground platinum group metals (PGM) mining project over the next decade. This substantial capital commitment marks a strategic pivot from traditional open-pit operations to advanced underground mining techniques, positioning the company to secure long-term access to one […]

In a significant boost to the nation’s struggling automotive sector, South Africa has secured firm commitments from major Chinese and Indian automobile manufacturers to upgrade their current semi-knocked-down (SKD) vehicle assembly operations to comprehensive full-scale manufacturing facilities, Trade Minister Parks Tau announced Thursday at the country’s annual automotive industry conference. The announcement comes at a […]

In a major boost for internet connectivity across underserved African communities, Mawingu Networks, a leading Internet Service Provider (ISP), has secured USD 20 million (approximately Kes 2.6 billion) in debt funding backed by Pembani Remgro Infrastructure Fund II (PRIF II). This substantial investment represents a pivotal moment in the company’s ambitious expansion strategy to bridge […]

British International Investment, the United Kingdom’s development finance institution and impact investor, has announced a strategic $20 million commitment to Acumen’s Hardest-to-Reach Initiative, marking a significant step forward in addressing Africa’s persistent energy poverty crisis. The investment, channeled through the initiative’s debt-focused vehicle known as H2R Amplify, aims to expand access to affordable, reliable, and […]