In a significant boost for the African fintech ecosystem, Moroccan startup PayTic announced that it has secured $4 million in funding to accelerate its expansion and enhance its cutting-edge payment automation solutions across North and Sub-Saharan Africa. The funding round was led by AfricInvest, with participation from renowned investors including Build Ventures, Axian Group, Mistral, […]

Italian energy giant Eni (ENI.MI) announced plans to invest approximately 24 billion euros (roughly $26.24 billion) over the next four years in Algeria, Libya, and Egypt. The decision, revealed by Eni CEO Claudio Descalzi at an energy conference in Ravenna, underscores the company’s commitment to revitalize energy production in North Africa, enhance hydrocarbon supply reliability, […]

In a bold move that signals a significant shift in Africa’s energy landscape, the African Export–Import Bank (Afreximbank) has announced that it will earmark $3 billion in financing to support the purchase of locally refined petroleum products across the continent. This decision, unveiled at a high-profile energy conference in Cape Town, South Africa, is part […]

In a notable shift that signals the continent’s evolving investment landscape, African startups raised a record $469.9 million in funding during the first quarter of 2025. Cleantech emerged as the crown jewel of this new era, overtaking the once-dominant fintech sector and capturing investor interest with sustainable, climate-focused innovations. The fresh wave of capital is […]

The International Finance Corporation (IFC), a member of the World Bank Group, has announced a landmark commitment of $100 million in debt financing to Raxio Group, a leading data center operator in Sub-Saharan Africa. This financing package is set to double Raxio’s data center deployment across the continent over the next three years, providing a […]

In a landmark move poised to reshape the continent’s infrastructure landscape, South Africa’s Public Investment Corporation (PIC) has committed a $40 million investment in Africa50 Group—a pan-African infrastructure investor and asset manager. Acting on behalf of the Government Employees Pension Fund (GEPF), the PIC’s capital injection not only strengthens Africa50’s funding capacity but also underscores […]

In a significant milestone for Africa’s renewable energy sector, pan-African private equity firm Inspired Evolution has announced the final close of its Evolution III Fund, securing total commitments of $238 million from 19 investors. This achievement marks not only the culmination of a robust fundraising effort but also reinforces Inspired Evolution’s role as a key […]

In a landmark development for Uganda’s energy sector, the Ugandan government has signed an Implementation Agreement with UAE investment firm Alpha MBM Investments LLC, marking a decisive step toward the construction of a long-stalled 60,000-barrel-per-day crude oil refinery. The agreement, inked at State House in Entebbe on March 29, 2025, in the presence of President […]

In a transformative move for South Africa’s digital infrastructure landscape, a consortium led by Actis—a global investor known for sustainable infrastructure investments—has finalized the acquisition of a 100% stake in Swiftnet from Telkom. This deal, announced on 28 March 2025, not only strengthens the consortium’s presence in Africa’s telecommunications market but also sets the stage […]

In a move that underscores the dynamism and evolving nature of the global energy sector, Latin America’s largest investment bank, Banco BTG Pactual (BTG), and Canada–Swedish-listed Africa Oil Corp have finalized an agreement that restructures and consolidates their existing stakes in the offshore exploration and production company, Prime Oil & Gas Coöperatief. This landmark deal, […]