In a pivotal moment for South Africa’s burgeoning green hydrogen economy, the Hive Hydrogen Coega initiative, poised to become the nation’s first large-scale green ammonia project, has successfully secured an initial investment of up to $20 million (approximately EUR 17.3 million) from the SA-H2 Fund. This landmark funding commitment marks a crucial stride in the […]

In a move set to bolster Angola’s economic future and solidify its position as a leading African oil producer, a formidable consortium led by American multinational energy giant ExxonMobil has officially signed a production sharing contract (PSC) extension for Block 17, one of Angola’s most prolific and strategically important offshore assets. This critical agreement, involving […]

In a landmark announcement that resonates far beyond its borders, South Africa has officially approved the nation’s first-ever green hydrogen skills programmes. This pivotal development, spearheaded by the Chemical Industries Education and Training Authority (CHIETA) and formally sanctioned by the Quality Council for Trades and Occupations (QCTO), signals a decisive leap forward in building South […]

Despite a global landscape often characterized by a cautious venture capital market, Africa’s vibrant startup ecosystem continues to demonstrate remarkable resilience. In May 2025, startups across the continent collectively secured a robust $254 million in funding. While this figure represents a slight dip from April’s impressive haul, it signifies a stronger performance compared to March […]

In a significant move that underscores the growing global appetite for sustainable investments, Greencoat Renewables Plc (GRP), a prominent owner and operator of European renewable energy infrastructure assets, officially debuted its secondary listing on the JSE’s AltX on Monday. This strategic decision marks a new chapter for the Irish-based company, which maintains its primary listings […]

Dangote Petrochemicals—a spinoff from the massive Dangote Refinery and Petrochemicals complex—is on the verge of a groundbreaking listing on the Nigerian Exchange (NGX) before the end of June 2025. NGX Chairman, Dr Umaru Kwairanga, confirms the group has obtained regulatory approval (thenationonlineng.net). Once floated, the listing is anticipated to strengthen market confidence, attract substantial investment, and align […]

Wingu Africa, a leading digital infrastructure company, has secured $60 million in financing from Rand Merchant Bank (RMB) to accelerate its expansion of data center facilities across key East African markets including Djibouti, Ethiopia, and Tanzania. This investment marks a pivotal moment in Africa’s quest for digital sovereignty, underpinning the continent’s drive to build resilient, […]

The Nigerian Exchange Group (NGX) recorded a remarkable performance in May 2025, delivering the second-best return among major African stock exchanges. With a robust month-to-date gain of 5.62%, the Nigerian All-Share Index (ASI) showcased strong investor confidence and market resilience, outpacing notable exchanges such as Casablanca, Johannesburg, Cairo, and Accra. This performance marks a positive […]

The African Development Bank (AfDB) is set to launch a groundbreaking Africa Carbon Support Facility, aimed at kickstarting a robust carbon market across the continent. Announced during the Bank’s annual meeting in Abidjan, Côte d’Ivoire, this facility will help African governments create the policies, regulatory frameworks, and market infrastructure needed to turn carbon credits into […]

Sweden’s Swedfund has led a coordinated $30 million equity investment into the Novastar Ventures Africa People and Planet Fund III (NVIII), alongside Norway’s Norfund and the UK’s British International Investment (BII). The allocation—$10 million from each institution—marks a significant vote of confidence in homegrown climate-tech entrepreneurs that are developing clean, scalable solutions to Africa’s climate […]