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Located strategically on the West Africa Transform Margin, Liberia highlighted its robust petroleum systems, backed by extensive seismic data in the Liberia and Harper basins. Logan drew comparisons with successful ventures in Ghana’s Jubilee field and discoveries in Guyana, emphasizing Liberia’s readiness to tap into significant reserves. “In recent months, there’s been growing interest from […]

The United Kingdom has decided to stop its plan to deport asylum seekers to Rwanda, marking a significant change in policy and ending a scheme that faced strong criticism for its perceived harshness. Rwanda’s government responded for the first time, acknowledging the UK’s decision to end the deportation program. They emphasized that the deal, initiated […]

Six exciting African tech startups have been chosen as finalists for the inaugural “Meet the Tôshikas” programme. This initiative, crafted by the United Nations Development Programme (UNDP), Japan’s Ministry of Economy, Trade and Industry (METI), and Double Feather Partners, aims to deepen connections between Japanese investors and African startup scenes while preparing these startups for […]

Private equity investments in Nigeria experienced a remarkable surge of 321.8% in the first quarter of 2024, propelled predominantly by significant transactions in the energy and educational technology (edtech) sectors. According to DealMakers Africa, these investments totaled $2.59 billion, a substantial increase from $614 million in the same period last year and surpassing the $1.76 […]

Zedcrest, a prominent player in Nigeria’s debt and equity capital markets, has completed the acquisition of RMB Nigeria Stockbrokers in a transaction valued between ₦400 million and ₦420 million. This strategic move marks a significant expansion for Zedcrest within Nigeria’s burgeoning equity market. The acquisition comes amidst robust growth in Nigeria’s equity market, which recorded […]

The African Development Bank (AfDB) and the Korea Customs Service (KCS) have solidified their commitment to boosting intra-African trade through a newly signed Aide Memoire on Facilitation of Customs Reforms and Modernisation. This collaboration, marked by a virtual signing ceremony attended by Mr. Solomon Quaynor, Vice President of AfDB for Private Sector, Infrastructure & Industrialisation, […]

Huawei, a global leader in technology, has reaffirmed its commitment to Africa’s digital future, highlighting the continent’s immense potential for economic growth through innovation. This commitment was articulated by David Wang, executive director and chairman of Huawei’s ICT infrastructure managing board, at the Huawei Africa Connect event in Johannesburg, South Africa. During his keynote address, […]

Bamboo, the Nigerian online stock platform, has extended its reach into South Africa, a move set to redefine investment opportunities across the continent. This expansion allows South African users to invest directly in US stocks through their smartphones, facilitated by Bamboo’s newly acquired financial services provider license from the South African Financial Sector Conduct Authority […]

Cairo recently hosted a pivotal investment conference attended by President Abdel Fattah el-Sissi and EU Commission Chief Ursula von der Leyen. The gathering marked a significant milestone in Egypt-EU relations, resulting in the signing of substantial economic agreements aimed at bolstering Egypt’s economy amidst pressing challenges. In March, Egypt secured a $7.9 billion funding package […]

The African Development Bank (AfDB) has embarked on a strategic mission in Tokyo to collaborate with leading Japanese firms in enhancing economic development across Africa. This initiative focuses on bolstering value addition to raw materials and increasing productivity across key sectors on the continent. Led by Vice Presidents Kevin Kariuki, Solomon Quaynor, and Kevin Urama, […]