British International Investment, the United Kingdom’s development finance institution and impact investor, has announced a strategic $20 million commitment to Acumen’s Hardest-to-Reach Initiative, marking a significant step forward in addressing Africa’s persistent energy poverty crisis. The investment, channeled through the initiative’s debt-focused vehicle known as H2R Amplify, aims to expand access to affordable, reliable, and […]

In a calculated move that signals Mastercard’s deepening commitment to Africa’s digital transformation, the global payments giant has taken a minority stake in Smile ID, the continent’s dominant identity verification provider. The September 25, 2025 announcement extends an existing partnership and positions both companies at the epicenter of Africa’s $1.5 trillion digital economy race. The […]

In a landmark commitment to sustainable development and international partnership, European Commission President Ursula von der Leyen has announced a substantial €545 million Team Europe investment package designed to dramatically accelerate Africa’s transition to renewable energy. The announcement, delivered via video message at the prestigious Global Citizen Festival during the United Nations General Assembly proceedings, […]

In a landmark move that could reshape Africa’s economic development trajectory, Michael Bloomberg and the African Development Bank Group have announced a groundbreaking partnership designed to mobilize unprecedented levels of private sector investment across the African continent. The strategic alliance was unveiled during the Bloomberg Philanthropies Global Forum held alongside the 80th United Nations General […]

PayPal Holdings Inc. has unveiled an ambitious $100 million investment commitment across the Middle East and Africa, marking a significant strategic expansion into regions experiencing unprecedented digital commerce growth. The multi-year initiative represents PayPal’s most substantial regional investment to date and underscores the company’s confidence in the transformative potential of digital payments across emerging markets. […]

British International Investment has committed $20 million to transform energy access across Africa’s most underserved regions through a groundbreaking partnership with Acumen’s Hardest-to-Reach Initiative. This investment represents a strategic bet on innovative financing models that could unlock clean energy solutions for more than 50 million people while addressing the continent’s chronic electricity deficit that affects […]

In a landmark move that signals accelerating momentum in South Africa’s renewable energy transition, Norfund, Norway’s development finance institution, has committed US$86.1 million to back the strategic merger of two leading renewable energy companies, creating a powerhouse entity positioned to reshape the country’s energy landscape. The merger between African Clean Energy Developments (ACED) and Energy […]

Yango Ventures, the Dubai-based corporate venture capital arm of global tech conglomerate Yango, has announced a strategic investment in Zanifu, a Kenyan fintech specializing in working capital solutions for small and medium-sized enterprises. This marks the fund’s second major investment in Kenya this year, solidifying the country as a critical beachhead for Yango’s ambitious African […]

The Board of Directors of the African Development Bank Group has approved a strategic equity investment of $25 million in The Currency Exchange Fund (TCX), marking a pivotal step toward addressing Africa’s mounting debt challenges and currency mismatch problems that have plagued the continent’s development financing landscape. This groundbreaking partnership comes at a critical time […]

Morocco has secured its position as Africa’s clean energy manufacturing pioneer through a groundbreaking $6.5 billion partnership with Chinese battery giant Gotion High-Tech, establishing the continent’s first battery gigafactory in a move that could fundamentally reshape global electric vehicle supply chains and Africa’s role in the energy transition. The massive industrial project, now under construction […]