In a decisive move aimed at reshaping geopolitical alliances and bolstering economic growth in Africa, European Union leaders today announced a €4.7 billion (approximately $5.10 billion) investment package during a high-stakes visit to South Africa. The announcement comes at a time when both the EU and South Africa find themselves at odds with the United […]

In a bold move to further enhance financial integration and boost cross-border commerce, the Pan-African Payments and Settlement System (PAPSS) is set to introduce the Africa Currency Marketplace later this year. Backed by 15 central banks across the continent and already integrated with 150 commercial banks, PAPSS’s forthcoming foreign exchange (FX) market platform is designed […]

In a bold move to tackle youth unemployment and foster economic resilience, Mastercard has extended its collaboration with the Youth Employment Service (YES) for a third consecutive year. The initiative, which has already begun to yield promising results, is now being hailed as a transformative effort in the South African employment landscape. Against a backdrop […]

Microsoft has announced an ambitious plan to invest approximately $296 million (ZAR 5.4 billion) in South Africa by the end of 2027, further bolstering its commitment to expand cloud and AI infrastructure in the region. This new phase of investment builds upon an earlier commitment of $1.12 billion (ZAR 20.4 billion) over the past three […]

In a bold bid to counteract the evolving global funding landscape and reenergize local development, the Africa Finance Corporation (AFC) is set to tap into a largely underutilized resource: Africa’s own pension funds. Spearheaded by CEO Samaila Zubairu, the institution is accelerating initiatives to mobilize domestic capital—potentially unlocking between $15 to $20 billion over the […]

In a move that underscores its commitment to digital transformation and economic growth in Africa, Microsoft today announced plans to invest an additional ZAR 5.4bn in South Africa by the end of 2027. The new funding will expand the company’s hyperscale cloud and AI infrastructure, while a new youth certification programme will cover the exam […]

LoftyInc Capital Management has marked another milestone in its journey to catalyze Africa’s tech revolution. The firm has secured a $43 million first close for its LoftyInc Alpha Fund, a new seed-stage fund designed to fuel the continent’s high-growth tech startups. This ambitious move is poised to empower a new generation of Afropreneurs—entrepreneurs whose innovative, […]

In a move set to transform the environmental and economic landscape of West Africa, the ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB) have launched a financial partnership valued at approximately €150 million, with a core credit line of €100 million—roughly equivalent to a $105 million investment at current exchange […]

Nigeria’s bond market is currently basking in a surge of investor interest following a sharp decline in inflation—a fall from 34.8 percent in December 2024 to 24.5 percent year-on-year. This dramatic reduction, partly attributed to the recent rebasing of the Consumer Price Index (CPI), has paved the way for a robust secondary and primary market […]

The SAEx East project—the ambitious South Africa-Singapore subsea cable initiative—has received renewed investment and fresh momentum. Reportedly in development for over a decade, this project is now poised to move from planning into its next critical phase, thanks to a major capital injection approved by South Africa’s Industrial Development Corporation (IDC). As the definitive feasibility […]