Equatorial Guinea has achieved a landmark milestone by obtaining an investment-grade credit rating of BBB/A2 from Bloomfield Investment Corporation, marking one of the few times a Central African oil producer has risen into this tier. The upgrade signals to international markets that the country has made meaningful strides toward fiscal consolidation, strengthened its external balances, […]

In a strategic move that underscores Zimbabwe’s rising prominence in Africa’s mining resurgence, Kavango Resources Plc has secured a US$5 million interest-free facility from the Comarton Managed Pension Funds’ Investments Consortium. The funding is poised to unlock a new era of mine development and gold processing infrastructure in Zimbabwe, supporting both national economic goals and […]

The African Export-Import Bank (Afreximbank) closed its 2024 financial year with a remarkable 29 percent increase in net income, reaching $973.5 million compared with $756.1 million in 2023. This performance comes amid a challenging global environment characterized by geopolitical uncertainty, persistent inflationary pressures, and elevated interest rates in major economies. Yet it also reflects the […]

Arnergy, a pioneering Nigerian provider of distributed renewable energy solutions, has closed an $18 million funding round to supercharge the rollout of solar-plus-storage systems throughout Africa Tech In Africa. Led by All On—an off‑grid energy impact investor seeded by Shell—with participation from Breakthrough Energy Ventures (Bill Gates’ climate‑tech fund), ElectriFI (the EU‑backed Electrification Financing Initiative), […]

Visa has strengthened its commitment to Africa’s rapidly evolving fintech ecosystem by making strategic investments in Moroccan fintech PayTic and Tunisian payments innovator Konnect. Both companies graduated from the third cohort of the Visa Africa Fintech Accelerator—a 12‑week program that combines mentorship, technical training, and access to Visa’s global payments network. These investments not only […]

In a landmark development for the continent’s sustainable development landscape, Airnergize Capital has successfully completed its first close, raising $106 million to accelerate clean technology solutions across South Africa and broader Africa. The fund, which is focused on renewable energy, gas, and water infrastructure, is set to drive economic growth and social upliftment while positioning […]

South Africa is on the cusp of a renewable revolution as its private renewable energy developments are projected to surge by an impressive 6GW for solar photovoltaic (PV) and 3.5GW for wind power by 2030. With an estimated cumulative investment value of R132 billion—comprising R72 billion for solar PV projects and R60 billion for wind […]

In an impressive show of global confidence and renewed energy optimism, the Nigerian gas sector has attracted over $5 billion in new investments as of 2024. Speaking at a high-profile news conference in Lagos, the President of the Nigerian Gas Association (NGA), Mr. Akachukwu Nwokedi, outlined how these substantial capital inflows are set to transform […]

In a robust move that underscores the growing momentum behind financial inclusion in Africa, Verdant Capital Hybrid Fund has announced an additional investment of USD 4.5 million in LOLC Africa Singapore Limited. This latest capital infusion marks a cumulative investment of USD 13.5 million in LOLC Africa—a development that comes on the heels of an […]

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, […]