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The International Finance Corporation (IFC) has made a significant commitment to Africa’s climate tech sector by announcing a $5 million investment in the Equator Africa Fund I. This $5 million is part of a larger $54 million pool aimed at addressing the financing gaps that exist in Africa for climate tech innovation. This investment, which […]

ARISE Integrated Industrial Platforms (ARISE IIP), a pan-African developer and operator of industrial parks, has made headlines by securing $443 million in new capital to expand its operations across 12 African countries. The funding, primarily sourced from major African financial institutions, is a strategic step toward accelerating the industrialization of the continent. This capital will […]

Zambia has secured a significant investment of $58 million aimed at bolstering its digital infrastructure, an achievement driven by the government’s removal of taxes on the importation of digital equipment. This initiative, implemented since 2021, has enabled the country to establish vital fiber optic connections with its eight neighboring countries, significantly enhancing regional connectivity and […]

Varun Beverages, a subsidiary of India’s food and beverage conglomerate RJ Corp, has announced plans to invest $50 million in constructing a Pepsi production facility in the Democratic Republic of the Congo (DRC). This development marks a significant milestone in the company’s African expansion, underscoring its confidence in the region’s growth potential and its commitment […]

In a significant move toward enhancing economic collaboration within the African continent, the Central Bank of Egypt (CBE) is set to launch a sovereign investment guarantee agency for Africa on Tuesday. With an initial capital of $50 million, this groundbreaking agency aims to encourage investment, strengthen trade ties, and foster economic integration among African nations. […]

In a bid to enhance energy infrastructure across Africa, Standard Bank Group, the largest bank on the continent by assets, has announced a strategic partnership with Meridiam, a global investment Benefit Corporation and asset manager. This collaboration, which has been in place for over four years, focuses on driving investments in alternative energy infrastructure projects. […]

Exxon Mobil Corp has announced an ambitious plan to invest $10 billion in offshore oil operations as part of a renewed effort to deepen its presence in Nigeria, Africa’s largest oil producer and fourth-largest economy. This significant investment comes amid ExxonMobil’s recent reorganization within the country, as the global energy giant seeks to realign its […]

South African President Cyril Ramaphosa recently met with South African-born billionaire and tech magnate Elon Musk in the United States, as part of a broader R2 trillion ($107 billion USD) investment campaign aimed at revitalizing South Africa’s economy. This significant diplomatic mission occurred during Ramaphosa’s attendance at the 79th session of the United Nations General […]

In an ambitious move to strengthen Egypt’s presence in the global e-commerce industry and expand its trade relations across Africa, Post for Investment, the investment arm of Egypt Post, announced the launch of a new initiative, ECOM Africa. The platform aims to create a specialized e-commerce marketplace focused on facilitating trade between Egypt and African […]

In a continent striving to close its infrastructure gap, Africa50, the investment platform established by African governments and the African Development Bank (AfDB), is rapidly becoming a key player. During its 2024 Annual General Shareholders Meeting, held in Antananarivo, Madagascar, Africa50 was praised by stakeholders, including the Presidents of Madagascar and Tanzania, for its critical […]