Global energy trader Trafigura has taken a major step in channeling private capital toward climate solutions by identifying four large-scale carbon removal projects across southern and central Africa. The initiative, operating under the Miombo Restoration Alliance framework, aims to invest at least $1 billion over the projects’ 40-year lifetime while restoring critical woodland ecosystems that […]

In a dramatic escalation of tensions between global credit rating agencies and African financial institutions, Fitch Ratings has downgraded the African Export-Import Bank (Afreximbank) to junk status and withdrawn all future ratings of the multilateral lender. The final ratings change to BB+ from BBB- marks the conclusion of an increasingly combative relationship between the ratings […]

South Africa’s government is forging ahead with an ambitious plan to mobilize R100 billion by 2029 through a new Transformation Fund designed to accelerate Black Economic Empowerment, despite fierce opposition from coalition partners and widespread skepticism from business leaders. The initiative, championed by Minister of Trade, Industry and Competition Parks Tau, has emerged as one […]

In a landmark transaction that signals the deepening commercial ties between the Middle East and Africa, Saudi Arabia’s Zahid Group has officially completed its acquisition of Barloworld Limited, the venerable South African industrial conglomerate, in a deal valued at R23 billion ($1.3 billion). The completion of this transaction marks the end of Barloworld’s 123-year history […]

Libya’s energy sector is experiencing a remarkable transformation, attracting unprecedented international investment and signaling the North African nation’s return to global energy prominence after years of political instability and infrastructure challenges. At the Libya Energy and Economic Summit in Tripoli, government officials and international energy executives gathered to outline an ambitious roadmap that positions Libya […]

In a transformative move that signals South Africa’s growing confidence in East African markets, Nedbank Group announced on Wednesday its intention to acquire a controlling 66 percent stake in Kenya’s NCBA Group for 13.9 billion rand ($855.5 million), marking one of the largest cross-border banking transactions in the region’s recent history. The proposed acquisition, which […]

British International Investment (BII), the United Kingdom’s development finance institution and impact investor, announced on January 20, 2026, that it will serve as an anchor investor in the Allianz Credit Emerging Markets (ACE) fund, a groundbreaking $1 billion blended finance vehicle designed to accelerate climate finance in emerging markets. The fund, which launched in London, […]

The European Investment Bank has taken a decisive step toward supporting Egypt’s renewable energy transformation by announcing $150 million in financing for the Obelisk solar photovoltaic project through its development arm EIB Global. The announcement coincided with the inauguration of the first phase of this landmark facility in Qena Governorate, marking a significant milestone for […]

Ethiopian Investment Holdings, the country’s state-owned investment arm managing over $140 billion in assets, has announced plans to develop domestic currency-printing capacity as part of a comprehensive strategy to establish critical national infrastructure under public ownership. The initiative positions Africa’s second-most populous nation among a select group of African countries pursuing monetary sovereignty through local […]

The Arab Coordination Group and the African Development Bank Group have launched an ambitious new strategic partnership aimed at transforming fragmented development cooperation into large-scale, coordinated investment across Africa. The initiative, formalized during a High-Level Consultation Meeting at the AfDB’s headquarters in Abidjan, represents a critical response to Africa’s widening development financing gap and establishes […]