The African Development Bank Group (AfDB), in collaboration with the Development Bank of Southern Africa (DBSA) and institutional investors such as Academy Securities, Africa50, and Newmarket, has announced the launch of a $2 billion synthetic securitization initiative. This groundbreaking effort aims to unlock critical capital to advance Africa’s development priorities, focusing on areas like climate […]

Prescient Investment Management has taken a significant step in enhancing the Johannesburg Stock Exchange’s (JSE) offerings with the listing of its Prescient Global Income Provider Feeder Actively Managed Exchange-Traded Fund (AMETF). This latest addition underscores the growing interest in exchange-traded funds (ETFs) within South Africa, particularly in the fixed-income sector. The AMETF, trading under the […]

The Italian insurance-financial group SACE and the African Development Bank Group (AfDB) announced a significant collaboration under the “Mattei Plan” on December 5, 2024, during the African Investment Forum in Rabat, Morocco. This agreement is set to bolster economic ties between Italy and Africa, paving the way for transformative projects in critical sectors like education, […]

The 5th Africa Investment Forum (AIF), an annual flagship event spearheaded by the African Development Bank (AfDB) and its partners, commenced in Rabat, Morocco, under the theme “Leveraging Innovative Partnerships for Scale.” Held from December 4-6, 2024, the event underscores Africa’s commitment to economic transformation by mobilizing resources and facilitating high-impact investments across the continent. […]

The Federal Government of Nigeria has successfully raised $2.2 billion through Eurobonds, a strategic move to finance the 2024 fiscal deficit and support its broader budgetary objectives. These funds, split between $700 million in 6.5-year bonds maturing in 2031 and $1.5 billion in 10-year bonds maturing in 2034, were issued at competitive yields of 9.625% […]

The International Finance Corporation (IFC), a key arm of the World Bank Group, has made a pivotal investment of ZAR 350 million (USD 19.4 million) in Boxer Retail Limited’s Initial Public Offering (IPO) on the Johannesburg Stock Exchange (JSE). This strategic move underscores IFC’s commitment to fostering inclusive growth and supporting the private sector in […]

President Joe Biden’s visit to Angola on December 4 marks a pivotal moment in his administration’s commitment to enhancing global infrastructure through sustainable development, with the Lobito Corridor at the heart of this strategy. This ambitious $5 billion project exemplifies the U.S.’s effort to counter China’s Belt and Road Initiative (BRI) by investing in infrastructure […]

International cocoa buyers have injected over half a billion dollars in upfront payments into Ghana’s state marketing board, Cocobod, to secure cocoa supplies and mitigate further financial challenges. This shift marks a pivotal moment in Ghana’s cocoa marketing system, following the abandonment of traditional syndicated bank loans in favor of private sector-led financing. The decision […]

A Premier Gathering for the Future of African Hospitality The Africa Hospitality Investment Forum (AHIF), Africa’s leading conference on tourism and hospitality investment, is set to host its 13th edition in Cape Town, South Africa, from June 17-19, 2025. This marks the first time Cape Town will host AHIF, reinforcing its reputation as a key […]

Cassava Technologies eFinance Investment Group have signed a groundbreaking agreement to explore and identify opportunities for collaboration and joint expansion across Africa. The signing ceremony was a highlight of the 28th Cairo ICT Exhibition and Conference, held under the auspices of President Abdel Fattah El-Sisi. This strategic partnership aims to foster innovation, boost digital transformation, […]