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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 […]

Coca-Cola, the global beverage giant, has announced plans to invest $1 billion in Nigeria over the next five years. This significant capital infusion comes at a critical time for Africa’s largest economy, which is undergoing profound economic reforms under the leadership of President Bola Tinubu. The announcement was made during a meeting between Tinubu and […]

On September 19, 2024, Prime Group, a prominent investment firm known for its resource development initiatives, made waves in the financial and development sectors by announcing the launch of a $60 billion investment fund. This strategic fund is set to transform key industries in Africa, specifically focusing on oil exploration, mining, and agriculture. With a […]

Introduction to Mauritius as a Business Hub Standard Bank, Africa’s largest bank by assets, has announced its latest strategic move aimed at providing banking services for small and mid-sized businesses operating across Africa. This initiative will allow these businesses to bank with the lender in Mauritius, an island that is considered one of the most […]

In a world increasingly grappling with the impacts of climate change, Africa is among the most vulnerable regions. To address this urgent challenge, a major climate adaptation initiative is underway through the Africa Adaptation Acceleration Program (AAAP). In its first 36 months of operation, the AAAP has demonstrated significant progress in fostering climate resilience across […]

Saudi Crown Prince Mohammed bin Salman announced a substantial $5 billion investment in Egypt during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh on Tuesday. The pledge, made through the Public Investment Fund (PIF), highlights the strengthening economic ties between Saudi Arabia and Egypt, two of the largest and most influential nations in […]

In an exciting development for Africa’s burgeoning tech ecosystem, four Nigerian-owned startups have been selected to pitch their innovative business ideas to NBA Africa for potential financial support. These startups—Buzza, Festival Coins, Naemo Global, and Salubata—will present alongside six other companies from across the continent, competing for funding and mentorship under the prestigious NBA Africa […]