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The European Bank for Reconstruction and Development (EBRD) has formally approved Nigeria, Côte d’Ivoire and Benin as recipient member countries, granting them access to the bank’s financing instruments and expertise for the first time. This landmark expansion marks the culmination of a long-anticipated entry into Sub-Saharan Africa and positions the three West African economies to […]

The Invest in African Energy Forum (IAE) 2025 in Paris provided a pivotal platform for global investors and African project sponsors to connect. Among the highlights was the Premier Invest Deal Room, which showcased over $10 billion in oil, gas, and renewable energy projects across 17 active deals. Headed by Marcel Awasum, Premier Invest’s Head […]

At the highly anticipated Invest in African Energy (IAE) 2025 forum, a distinguished high-level ministerial panel is set to convene, bringing together influential energy ministers from key African nations including Nigeria, Guinea-Bissau, the Democratic Republic of Congo (DRC), and Zimbabwe. The central focus of this crucial session will be to meticulously examine the significant capital […]

Career 180, a pioneering Egyptian education technology startup dedicated to revolutionizing career development for young individuals, has announced a significant six-figure investment. This latest financial boost is strategically aimed at solidifying the company’s position as a leading force in the burgeoning field of education technology and career advancement across the Middle East and North Africa […]

Since launching its Nigerian operations in 2001, MTN has poured more than US $10 billion into expanding the country’s digital backbone—building towers, laying fibre and extending mobile network coverage to millions. As Nigeria navigates currency volatility, inflationary pressures and an evolving regulatory landscape, MTN’s long-term investment underscores both its faith in Africa’s largest economy and […]

In a landmark announcement from Yaoundé, Cameroon, the African Intellectual Property Organization (OAPI) and the African Guarantee Fund (AGF) unveiled a new $69 million (CFA 40 billion) innovation fund aimed squarely at catalyzing DeepTech ventures across Francophone Africa. Over the next five years, the initiative seeks to finance 1,000 high‑impact projects spanning artificial intelligence, biotechnology, advanced manufacturing and clean […]

In a landmark announcement at the 2025 Offshore Technology Conference (OTC) in Houston, Texas, Senator Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources (Oil), revealed that the African Export-Import Bank (Afreximbank) is set to inject $19 billion into the newly established African Energy Bank (AEB). This substantial financial commitment underscores a pivotal shift in […]

Nigeria has officially secured full membership in the Asian Infrastructure Investment Bank (AIIB), following formal approval by the Federal Executive Council in Abuja on May 6, 2025. As Asia’s Beijing‑based multilateral development bank celebrates nearly a decade of operations, Nigeria’s accession marks a milestone in Africa’s deepening engagement with alternative sources of long‑term, low‑cost infrastructure financing. With […]

Global logistics leader DP World has kicked off a $165 million expansion of its container terminal at the Port of Maputo, Mozambique’s bustling gateway to southern Africa. Unveiled on May 5, 2025, the project will double the terminal’s handling capacity—boosting throughput from 255,000 TEUs to 530,000 TEUs—while deepening the berth to 16 meters and extending the quay to 650 meters. […]

In a major boost to Africa’s fast-growing fintech ecosystem, Cairo-based Money Fellows has secured $13 million in strategic funding to further its mission of expanding financial inclusion across the continent. The round brings the company’s total raised capital to over $60 million and marks a significant milestone in its journey to digitize the traditional practice […]