Serrari Group

South Africa: DP World invests $165 million to transform Maputo port

Global logistics leader DP World has kicked off a $165 million expansion of its container terminal at the Port of Maputo, Mozambique’s bustling gateway to southern Africa. Unveiled on May 5, 2025, the project will double the terminal’s handling capacity—boosting throughput from 255,000 TEUs to 530,000 TEUs—while deepening the berth to 16 meters and extending the quay to 650 meters. […]

Share this article:

Money Fellows Raises $13 Million to Expand Fintech Access and Reinvent Traditional Saving Culture in Africa

In a major boost to Africa’s fast-growing fintech ecosystem, Cairo-based Money Fellows has secured $13 million in strategic funding to further its mission of expanding financial inclusion across the continent. The round brings the company’s total raised capital to over $60 million and marks a significant milestone in its journey to digitize the traditional practice […]

Share this article:

Dubai International Chamber Opens New Representative Office in Cape Town to Boost Trade and Investments with South Africa

Dubai International Chamber, a prominent member of Dubai Chambers, has taken a bold step to enhance its economic ties with South Africa by inaugurating a new representative office in Cape Town. This move is part of the chamber’s broader strategic initiative, the ‘Dubai Global’ program, which aims to foster deeper business and economic cooperation between […]

Share this article:

British Bank Standard Chartered Chooses Casablanca for Strategic African Expansion

In a clear sign of renewed confidence in North Africa’s financial promise, British banking giant Standard Chartered officially opened its new branch in Casablanca’s burgeoning Casa Anfa business district this week. The formal registration dated April 25 with the Casablanca Commercial Court cements Morocco’s economic capital as the cornerstone of Standard Chartered’s sub-Saharan Africa strategy […]

Share this article:

Africa to Benefit from EIB’s $60 Million Green Tech Boost: A New Era of Sustainable Development

Africa stands on the threshold of a transformative leap forward in sustainable development, thanks to the European Investment Bank’s (EIB) $60 million commitment to accelerate the deployment of green technologies across the continent. This significant investment, channeled through LeapFrog Investments, a private equity firm renowned for its focus on sustainability and inclusive growth, is poised […]

Share this article:

Equatorial Guinea secures investment-grade rating — But for how long

Equatorial Guinea has achieved a landmark milestone by obtaining an investment-grade credit rating of BBB/A2 from Bloomfield Investment Corporation, marking one of the few times a Central African oil producer has risen into this tier. The upgrade signals to international markets that the country has made meaningful strides toward fiscal consolidation, strengthened its external balances, […]

Share this article:

Kavango Resources Secures US$5 Million to Boost Zimbabwe Gold Mining Ambitions

In a strategic move that underscores Zimbabwe’s rising prominence in Africa’s mining resurgence, Kavango Resources Plc has secured a US$5 million interest-free facility from the Comarton Managed Pension Funds’ Investments Consortium. The funding is poised to unlock a new era of mine development and gold processing infrastructure in Zimbabwe, supporting both national economic goals and […]

Share this article:

Afreximbank’s Net Income Rises 29% as Strategic Plan, Samurai Bonds Drive Growth

The African Export-Import Bank (Afreximbank) closed its 2024 financial year with a remarkable 29 percent increase in net income, reaching $973.5 million compared with $756.1 million in 2023. This performance comes amid a challenging global environment characterized by geopolitical uncertainty, persistent inflationary pressures, and elevated interest rates in major economies. Yet it also reflects the […]

Share this article:

Arnergy Secures $18 Million to Accelerate Solar Energy Deployment Across Africa

Arnergy, a pioneering Nigerian provider of distributed renewable energy solutions, has closed an $18 million funding round to supercharge the rollout of solar-plus-storage systems throughout Africa Tech In Africa. Led by All On—an off‑grid energy impact investor seeded by Shell—with participation from Breakthrough Energy Ventures (Bill Gates’ climate‑tech fund), ElectriFI (the EU‑backed Electrification Financing Initiative), […]

Share this article: