The African Development Bank (AfDB) and Standard Bank Group (SBG) have joined forces to bolster funding for small, medium, and micro enterprises (SMMEs) and expand trade across the continent. Announced on February 24, 2025, this strategic partnership is centered on a R3.6 billion social bond and a $200 million Risk Participation Agreement (RPA) designed specifically […]

In a remarkable display of financial strength and market confidence, Airtel Uganda has announced a dividend payout that has captured the attention of investors and industry analysts alike. The Ugandan Securities Exchange-listed telecommunications giant declared a final dividend as part of its impressive financial performance for the year ended December 31, 2024. With a reported […]

In a major boost to Africa’s agribusiness sector, British International Investment (BII), alongside Swedfund and Norfund, has announced a joint investment of $85 million in AgDevCo. This latest injection of capital is designed to support small and medium-sized agribusinesses across sub-Saharan Africa, enabling them to increase productivity, expand food systems, and build greater resilience in […]

In a landmark move set to redefine the future of the continent’s coffee industry, Tanzania is hosting the G25 African Coffee Summit in Dar es Salaam on February 21–22, 2025. This high-profile event brings together key stakeholders, policymakers, industry experts, and representatives from 25 African coffee-producing nations with a singular goal: to enhance production, secure […]

In a significant step towards fostering entrepreneurship in Africa, the European Investment Bank (EIB) has announced a €15 million investment in the new I&P Afrique Entrepreneurs 3 (IPAE 3) fund. This initiative aims to provide critical support to small and medium-sized enterprises (SMEs) in West Africa and Madagascar, ultimately creating more than 4,000 direct jobs, […]

In a significant move aimed at accelerating industrialization in Nigeria, the International Finance Corporation (IFC) has announced a $50 million investment in the Lagos Free Zone (LFZ), marking a major milestone in the country’s push for economic expansion. The investment, made public on February 7, 2025, signals IFC’s commitment to fostering sustainable growth in Africa’s […]

Aliko Dangote, Africa’s wealthiest individual and Chairman of the Dangote Group, has announced significant investment expansion in Ethiopia. This move reflects both his growing confidence in the country’s economic potential and his broader ambition to consolidate his influence in Africa’s industrial sector. His latest investment push includes expanding his cement production capacity, establishing a new […]

The African Union (AU) and the Organisation for Economic Co-operation and Development (OECD) are set to launch the Africa Virtual Investment Platform (AVIP), a landmark initiative designed to enhance investment flows into African economies. The initiative, which aligns with the AU’s Agenda 2063, aims to address challenges faced by investors, bridge financing gaps, and accelerate […]

In a significant boost to Nigeria’s economic transformation agenda, President Bola Tinubu has commended the International Finance Corporation (IFC) for its recent $50 million equity investment in the Lagos Free Trade Zone. The investment, which falls under the Tolaram initiative, is set to further strengthen Nigeria’s industrial base, enhance trade efficiency, and attract foreign direct […]

As Africa’s digital economy flourishes, an increasing number of freelancers, remote workers, and businesses across the continent are securing international opportunities. However, one of the biggest challenges they face is receiving payments from foreign clients and employers. Traditional banking infrastructure in many African nations remains cumbersome, with barriers such as high transaction fees, foreign exchange […]