In a momentous stride for its industrial and economic landscape, Egypt has officially inaugurated the first home appliance factory for BSH Hausgeräte GmbH – the German-owned giant behind the globally renowned Bosch brand – on the African continent. This landmark facility, representing a substantial investment exceeding €55 million (approximately $64.50 million USD), marks a pivotal […]

In a landmark decision poised to reshape its economic landscape, Ethiopia’s central bank has introduced a long-anticipated directive permitting foreign banks and investors to operate within its financial sector. This milestone signals a significant advance in the nation’s ongoing economic liberalization efforts and follows the parliamentary approval of a revised banking law in December 2024. […]

In a landmark move poised to reshape Africa’s economic and environmental landscape, the Nigerian Sovereign Investment Authority (NSIA) has officially launched an ambitious pan-African investment platform. This groundbreaking initiative aims to mobilize a staggering $50 billion in blended finance by 2030, specifically targeting critical sectors such as infrastructure, agriculture, and climate-resilient projects across the continent. […]

In a significant stride towards fostering sustainable development and accelerating regional integration across Africa, the Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced that the Republic of Angola has become its latest sovereign shareholder. This pivotal equity investment not only deepens an already robust partnership but also serves as a resounding […]

In a significant move set to accelerate critical infrastructure development across Africa, the Africa Finance Corporation (AFC), a leading pan-African multilateral development financial institution, has successfully secured a EUR 250 million 10-year term loan from Cassa Depositi e Prestiti (CDP), Italy’s prominent National Promotional Institution and Financial Institution for Development Cooperation. Announced on June 23, […]

In a monumental development poised to reshape its economic future, the government of Malawi has officially sealed a landmark $7 billion agreement with the Chinese conglomerate, Hunan Sunwalk Technology Group. This pact, representing the single largest foreign investment in the nation’s burgeoning mining sector, is set to unlock the vast potential of Malawi’s mineral resources, […]

In a monumental stride towards fostering robust economic development and sustainable growth across East Africa, the East African Development Bank (EADB) has officially inked its largest single financing agreement to date with the OPEC Fund for International Development. The landmark deal, formalized on Wednesday at the OPEC Fund’s headquarters in Vienna, secures a substantial US$40 […]

In a significant stride towards fostering local technological innovation and empowering developers across the continent, tech giant Meta has officially launched its Llama Impact Accelerator Program across Sub-Saharan Africa. This groundbreaking initiative, developed in partnership with national innovation agencies and a diverse array of ecosystem partners, aims to cultivate open-source Artificial Intelligence (AI) tools meticulously […]

In a landmark move poised to reshape the landscape of agricultural finance and technology across Africa, Egypt-based DisrupTech Ventures, a prominent early-stage fintech fund, has announced its first foray into Sub-Saharan Africa with a strategic investment in Winich Farms, a dynamic Nigerian agri-fintech startup. This significant backing, part of Winich Farms’ pre-Series A funding round, […]

The global push for clean energy has found a significant new champion in Egypt, with the announcement of a landmark US$479.1 million loan for the nation’s first integrated solar and battery storage plant. This ambitious project, spearheaded by Obelisk Solar Power SAE, a special purpose vehicle (SPV) incorporated in Egypt and wholly owned by Norwegian […]