Since launching its Nigerian operations in 2001, MTN has poured more than US $10 billion into expanding the country’s digital backbone—building towers, laying fibre and extending mobile network coverage to millions. As Nigeria navigates currency volatility, inflationary pressures and an evolving regulatory landscape, MTN’s long-term investment underscores both its faith in Africa’s largest economy and […]

In a landmark announcement from Yaoundé, Cameroon, the African Intellectual Property Organization (OAPI) and the African Guarantee Fund (AGF) unveiled a new $69 million (CFA 40 billion) innovation fund aimed squarely at catalyzing DeepTech ventures across Francophone Africa. Over the next five years, the initiative seeks to finance 1,000 high‑impact projects spanning artificial intelligence, biotechnology, advanced manufacturing and clean […]

In a landmark announcement at the 2025 Offshore Technology Conference (OTC) in Houston, Texas, Senator Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources (Oil), revealed that the African Export-Import Bank (Afreximbank) is set to inject $19 billion into the newly established African Energy Bank (AEB). This substantial financial commitment underscores a pivotal shift in […]

Nigeria has officially secured full membership in the Asian Infrastructure Investment Bank (AIIB), following formal approval by the Federal Executive Council in Abuja on May 6, 2025. As Asia’s Beijing‑based multilateral development bank celebrates nearly a decade of operations, Nigeria’s accession marks a milestone in Africa’s deepening engagement with alternative sources of long‑term, low‑cost infrastructure financing. With […]

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. […]

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 […]

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 […]

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 […]

In a major boost to West Africa’s private equity and venture capital ecosystem, Nigerian investment firm Aruwa Capital Management has successfully raised $35 million in the first close of its second fund. The firm initially targeted $40 million, but now aims for a final close of $50 million, with a hard cap set at $60 […]

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 […]