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In a move to significantly enhance Africa’s digital landscape, Smart Africa and the African Federation of Digital Businesses (FADB) signed a strategic Memorandum of Understanding (MOU) aimed at accelerating digital transformation across the continent. This partnership represents a pivotal step in the journey towards creating a unified and inclusive digital market in Africa, marking a […]

Introduction of Crypto Payments Beyond Investment Use Luno, South Africa’s largest cryptocurrency exchange, announced a strategic partnership with Zapper, a widely used QR code payment platform, which will enable crypto payments at over 31,000 merchants across the country. This integration brings the vision of cryptocurrency closer to mainstream usage, allowing users to transact with digital […]

Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities across Africa, has announced a significant expansion into Egypt, marking the establishment of its on-the-ground presence in North Africa’s most populous country. This move is part of Adenia’s broader strategy to capitalize on emerging investment opportunities across the continent and reflects its strong […]

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 […]