Kofa Technologies, a Ghanaian clean-tech startup, today announced it has raised US$8 million through a special purpose vehicle (SPV) led by impact investor PASH Global, with substantial backing from the Shell Foundation and the UK Government’s Transforming Energy Access (TEA) initiative. The new capital will fund the deployment of 6,000 portable batteries and up to […]

Introduction Finnish networking giant Nokia and South Africa’s Reflex Solutions have joined forces to tackle the persistent challenge of inadequate broadband access across the Rainbow Nation. In a deal announced on May 19, 2025, Reflex—a subsidiary of the Myriad Group—will deploy Nokia’s high-capacity Broadband Network Gateway (BNG) solution, based on the 7750 Service Router (SR-1) […]

From Aid to Investment: A New Chapter in EU-Africa Relations In a clear signal that Europe’s approach to Africa is evolving, the European Union has announced a €40 million investment to modernize the Douala–N’Djamena trade corridor. This milestone, wrapped within the EU’s Global Gateway initiative, emphasizes sustainable infrastructure and signals a broader strategic pivot: Africa […]

On 21 May 2025, the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) announced a landmark partnership to identify and prepare investment projects across six sub-Saharan nations: Benin, Côte d’Ivoire, Ghana, Kenya, Nigeria and Senegal. Underpinned by a €15 million grant from the EU’s Global Gateway strategy, this technical-assistance package aims […]

In a landmark address to the 78th World Health Assembly (WHA78) in Geneva, H.E. President João Lourenço of Angola announced an US$ 8 million pledge to the World Health Organization’s (WHO) Global Investment Round. As Chair of the African Union, President Lourenço used his dual platform to champion a new paradigm for global health financing […]

Introduction Africa’s telecom behemoths, Airtel Africa Plc and South Africa’s MTN Group, are in advanced talks to share network infrastructure in Rwanda, Congo-Brazzaville, and Zambia. This follow-up to their landmark agreements in Uganda and Nigeria aims to trim capital and operating expenses, bolster service quality, and accelerate digital and financial inclusion across the continent (Reuters, […]

Introduction The Federal Government of Nigeria has completed the crucial legal and governance frameworks required to operationalise the long-awaited African Energy Bank (AEB), with preparations for its official launch now entering the final stretch. The announcement came at a high-level review meeting in Abuja, chaired by the Minister of State for Petroleum Resources (Oil), Senator […]

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 […]