In a bold assertion of energy sovereignty, Senegal has announced plans to nationalize the Yakaar-Teranga gas project, one of the world’s largest natural gas discoveries in recent years, currently operated by Dallas-based Kosmos Energy. The move, revealed by Energy Minister Birame Souleye Diop at a conference in Diamniadio on Tuesday, marks a significant shift in […]

In a landmark financial transaction that signals renewed investor confidence in South Africa’s economic prospects, the National Treasury has successfully issued the country’s first-ever infrastructure and development finance bonds, raising 11.795 billion rand (approximately $692.74 million) through 10-year and 15-year instruments. The December 9, 2025 bond auction demonstrated robust market appetite, with bids exceeding 26 […]

The announcement of a $500-million Africa-focused infrastructure fund, a joint venture between Angola’s Fundo Soberano de Angola (FSDEA), the country’s sovereign wealth fund, and the London-based asset management firm Gemcorp Capital, marks a significant inflection point in the financing of African development. This new vehicle, dubbed the Pan-African Infrastructure Fund, is strategically designed to bridge […]

The announcement of Traxtion’s R3.4 billion investment in rolling stock represents a critical inflection point for South Africa’s logistics landscape and the country’s ambitious rail reform agenda. This massive private capital injection is seen by industry analysts and government officials alike as the most tangible and decisive vote of confidence in the long-awaited structural changes […]

The Common Market for Eastern and Southern Africa has emerged as a beacon of investment opportunity in 2024, bucking a global downturn in foreign direct investment with a record-breaking 154% surge to $65 billion. This remarkable performance stands in stark contrast to the 11% global decline in FDI flows during the same period, positioning COMESA […]

CCI Global, a Dubai-headquartered business process outsourcing giant and one of Africa’s leading call-center operators, has announced a strategic investment plan totaling approximately $378 million over the next two years to expand its operations across Europe, the Middle East, and Africa. The overwhelming majority of this capital injection, approximately 94 percent or $355.3 million, will […]

The African Development Bank Group has approved a landmark €25 million trade finance facility to strengthen Crédit Communautaire d’Afrique-Bank’s capacity to support small and medium-sized enterprises across Cameroon, marking a pivotal moment in the country’s economic development trajectory. The facility was approved on December 1 during a Board of Directors session in Abidjan, Ivory Coast, […]

Google, through its philanthropic arm Google.org, announced a N3 billion (US$2.1 million) commitment to Nigeria on Friday to accelerate the nation’s digital transformation through a strategic, two-pillar initiative. The announcement, made at a media roundtable in Lagos by Google’s Director for West Africa, Olumide Balogun, marks a significant milestone in the tech giant’s decade-long partnership […]

Mastercard has cemented a major strategic partnership with AXIAN Group to roll out a broad suite of digital payment tools across five pivotal African countries—Tanzania, Madagascar, Togo, Comoros, and Senegal. The initiative marks a significant milestone in expanding safe, modern, and inclusive financial services to millions of people across the continent, tackling the historical challenge […]

The Africa Investment Forum 2025 Market Days opened Wednesday in Rabat with an urgent call from African leaders and development finance experts for transformative change in how the continent finances its economic development. Under the high patronage of His Majesty King Mohammed VI, the three-day forum has assembled more than 2,500 participants from across the […]