In a landmark move poised to reshape the Democratic Republic of the Congo’s (DRC) economic landscape, British International Investment (BII) has committed up to $35 million towards the development of the country’s first deepwater container port, the Port of Banana. This investment, in collaboration with global logistics giant DP World, marks a significant extension of […]

In the midst of a turbulent global economic landscape, South Africa’s private equity (PE) industry has shown remarkable resilience, setting a new benchmark with its fundraising activities in 2023. According to the recently released 2024 Savca Private Equity Industry Survey, conducted by the South African Venture Capital and Private Equity Association (Savca), the industry saw […]

The African Development Bank Group (AfDB) has taken a significant step toward accelerating Africa’s energy transition by approving a $10 million junior equity investment in the KawiSafi II Fund. This strategic investment, which comes from the Sustainable Energy Fund for Africa (SEFA), is poised to catalyze transformative climate-related initiatives across the continent, particularly in sub-Saharan […]

Olam Agri, a leading agribusiness company, is significantly expanding its Corporate Responsibility and Sustainability (CR&S) investment strategy to deepen its social, environmental, and economic development impact within Nigeria. The company has committed to a four-year development plan, allocating approximately N6.5 billion (over $4 million) to various CR&S initiatives aimed at driving socioeconomic growth within the […]

The Africa Property Investment (API) Summit, the continent’s most prestigious real estate gathering, is set to return for its 15th edition on September 19-20, 2024. This year marks a significant milestone as the summit makes its Cape Town debut at the Westin Hotel. With the overarching theme of ‘IMPACT,’ the 2024 API Summit will delve […]

In a significant move aimed at bolstering intra-African trade and driving the continent’s economic growth, the African Export-Import Bank (Afreximbank) announced its ambitious plan to double its financing of intra-African trade from $20 billion in 2021 to $40 billion by 2026. This announcement, made by Haytham ElMaayergi, the bank’s Executive Vice President, Global Trade Bank, […]

The Jelany Africa Business and Investment Forum is set to take center stage in Doha, Qatar, from October 6 to 8, 2024, with a mission to catalyze sustainable development, foster strategic partnerships, and unlock the vast potential of African enterprises. This landmark event is poised to be a key driver in shaping the future of […]

In a significant move aimed at transforming the cooking habits across the African continent, the African Development Bank (AfDB) is ramping up its investments in clean cooking solutions. This announcement comes as a beacon of hope for millions of Africans who continue to rely on traditional cooking methods that pose health risks and environmental concerns. […]

In a groundbreaking initiative set to transform the entrepreneurial landscape in Ekiti State, the state government has joined forces with Wema Bank to train and empower over 100,000 youths and owners of Micro, Small, and Medium Enterprises (MSMEs). Unveiled on Monday in Ado-Ekiti, this collaboration aims to tackle the multifaceted challenges facing MSMEs and promote […]

The Export-Import Bank of the United States (EXIM) has been a key player in sub-Saharan Africa’s economic landscape, allocating a whopping $1.6 billion in 2023 alone. Their influence stretches across various sectors, including mining and energy. In line with the ongoing efforts to secure minerals crucial for US industries and support Africa’s growth, EXIM is […]