A significant gathering of African leaders is taking place in China’s capital this week as they seek crucial funding for large-scale infrastructure projects. This summit comes against the backdrop of intensifying global competition over resources and influence on the continent, with China playing a central role in Africa’s economic landscape. Strengthening Ties Amid Global Competition […]

In a report that underscores the urgent need for action, Bridgewater Associates, the world’s largest hedge fund, has called for a significant increase in investment in sub-Saharan Africa to prevent the region from falling behind in the global economic race. The hedge fund’s analysis suggests that without substantial and sustained investment, the region’s potential to […]

In a significant development within Nigeria’s financial markets, investors have recorded an impressive $389 million oversubscription in the fixed income market, highlighting the heightened demand for Treasury bills (T-bills) amid an environment of economic uncertainty. This oversubscription, primarily concentrated in 364-day paper, reflects investors’ preference for longer-tenor instruments in the current market climate. Oversubscription Details […]

In a historic demonstration of solidarity, fourteen African nations and a coalition of global partners have pledged over US$ 45 million to the World Health Organization (WHO) in its inaugural Investment Round. This initiative, launched just three months ago, aims to secure sustainable financing for WHO, reinforcing its role at the heart of the global […]

In a move that underscores the growing momentum of the renewable energy sector in South Africa, Solarise Africa, a pioneering Energy-as-a-Service provider, has successfully secured a R160 million investment from Mergence Investment Managers. This strategic funding partnership is set to accelerate the deployment of Commercial & Industrial (C&I) scale renewable energy solutions across the country, […]

In a groundbreaking development, GiGi Investment Group has entered into a strategic partnership with Fuelre4m, a Dubai-based innovator in fossil fuel reforming technology. This alliance represents a significant step forward in promoting sustainable energy solutions across Africa, particularly in industries heavily reliant on carbon-based fuels. As the first Fuelre4m partner on the African continent, GiGi […]

KwaZulu-Natal’s automotive components manufacturing sector is set to receive a significant boost, thanks to a R1.1 billion investment through a joint venture involving Toyota Motors South Africa, Toyota Tsusho Africa, and Ogihara Thailand Corporation. This collaboration, marked by the establishment of Ogihara South Africa in 2023, is aimed at enhancing the localisation efforts of Toyota […]

Introduction In a significant step toward rebuilding after one of the most devastating natural disasters in its history, Mozambique has allocated more than $704 million towards post-Cyclone Idai reconstruction efforts. This amount represents 56% of the total planned investment for the reconstruction program, according to a report from the Mozambique News Agency (AIM). The government, […]

In a significant move aimed at expanding its influence and market reach within Africa, Qatar Airways has announced a strategic investment in the South African regional carrier Airlink. The deal, which was finalized on August 20, 2024, will see Qatar Airways acquire a 25% equity stake in Airlink, marking yet another milestone in the Qatari […]

In a significant development for Nigeria’s power sector, the Nigerian Society of Engineers (NSE), Abeokuta branch, has expressed robust support for the $500 million investment by the Japanese International Cooperation Agency (JICA) to enhance power infrastructure in Ogun State. This investment, which was recently disclosed by the Minister of Power, Adebayo Adelabu, is aimed at […]