Introduction The Nigerian bond market has been experiencing a wave of volatility as investors sell off government bonds ahead of the upcoming Debt Management Office (DMO) auction. The sell pressure pushed average yields on government bonds higher, reaching 19.10% in the secondary market, according to traders and market analysts. The bond market in Nigeria has […]

In a historic move aimed at addressing Africa’s developmental challenges, over 100 chief executive officers (CEOs) from around the globe, world leaders, philanthropists, and artists have signed the Abidjan Accord, calling on G20 governments to raise $120 billion for urgent investment in Africa. The accord, signed at the Economic Development Assembly (EDA) in Abidjan, Côte […]

In a move to significantly enhance Africa’s digital landscape, Smart Africa and the African Federation of Digital Businesses (FADB) signed a strategic Memorandum of Understanding (MOU) aimed at accelerating digital transformation across the continent. This partnership represents a pivotal step in the journey towards creating a unified and inclusive digital market in Africa, marking a […]

Introduction of Crypto Payments Beyond Investment Use Luno, South Africa’s largest cryptocurrency exchange, announced a strategic partnership with Zapper, a widely used QR code payment platform, which will enable crypto payments at over 31,000 merchants across the country. This integration brings the vision of cryptocurrency closer to mainstream usage, allowing users to transact with digital […]

Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities across Africa, has announced a significant expansion into Egypt, marking the establishment of its on-the-ground presence in North Africa’s most populous country. This move is part of Adenia’s broader strategy to capitalize on emerging investment opportunities across the continent and reflects its strong […]

The International Finance Corporation (IFC) has made a significant commitment to Africa’s climate tech sector by announcing a $5 million investment in the Equator Africa Fund I. This $5 million is part of a larger $54 million pool aimed at addressing the financing gaps that exist in Africa for climate tech innovation. This investment, which […]

ARISE Integrated Industrial Platforms (ARISE IIP), a pan-African developer and operator of industrial parks, has made headlines by securing $443 million in new capital to expand its operations across 12 African countries. The funding, primarily sourced from major African financial institutions, is a strategic step toward accelerating the industrialization of the continent. This capital will […]

Zambia has secured a significant investment of $58 million aimed at bolstering its digital infrastructure, an achievement driven by the government’s removal of taxes on the importation of digital equipment. This initiative, implemented since 2021, has enabled the country to establish vital fiber optic connections with its eight neighboring countries, significantly enhancing regional connectivity and […]

Varun Beverages, a subsidiary of India’s food and beverage conglomerate RJ Corp, has announced plans to invest $50 million in constructing a Pepsi production facility in the Democratic Republic of the Congo (DRC). This development marks a significant milestone in the company’s African expansion, underscoring its confidence in the region’s growth potential and its commitment […]

In a significant move toward enhancing economic collaboration within the African continent, the Central Bank of Egypt (CBE) is set to launch a sovereign investment guarantee agency for Africa on Tuesday. With an initial capital of $50 million, this groundbreaking agency aims to encourage investment, strengthen trade ties, and foster economic integration among African nations. […]