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 […]

In a significant boost to South Africa’s economic landscape, the recent KwaZulu-Natal Investment Conference held in Durban witnessed a remarkable commitment from both multinational and local businesses. Sixteen companies pledged a combined investment of R70.8 billion, targeting various sectors including manufacturing, tourism, automotive, logistics, and property development over the next two years. This surge in […]

 In a significant boost to Africa’s growing startup ecosystem, early-stage Pan-African venture capital firm P1 Ventures has successfully closed a $50 million institutional fund to accelerate investments in tech-driven businesses across the continent. Unlike traditional venture capital (VC) firms, P1 Ventures aims to disrupt conventional investment models, focusing on high-growth companies that are “built in […]

In a significant move poised to accelerate blockchain development across the African continent, Israeli blockchain infrastructure company StarkWare has unveiled a $4 million venture fund dedicated to supporting early-stage African startups. This initiative underscores StarkWare’s commitment to harnessing the transformative potential of blockchain technology in regions historically underserved by traditional financial systems. The venture fund […]

In a major push to close Africa’s energy access gap, a coalition of multilateral lenders and global development finance institutions has pledged over $50 billion towards the Mission300 project. The initiative, led by the African Development Bank (AfDB) and the World Bank, aims to connect at least 300 million Africans to electricity by 2030, effectively […]

The African private capital market witnessed remarkable growth in 2024, with disclosed deal values reaching a staggering $10.1 billion, marking a significant increase from the $6.7 billion recorded in 2023. According to the 2024 Private Capital in Africa Activity Report by Stears, this surge came despite a lower disclosure rate of 46 percent compared to […]

The Federal Government of Nigeria has successfully secured a $1.1 billion loan from the African Development Bank (AfDB) to enhance electricity access across the country, aiming to provide power to at least 5 million people by the end of 2026. This financial agreement represents a significant step toward addressing Nigeria’s persistent energy deficit and advancing […]

In a landmark development for African rail logistics, Traxtion, one of the largest private freight rail companies on the continent, has officially expanded its operations into Angola by securing a new contract with the concessionaire of the Lobito Rail Corridor. This move strengthens the company’s footprint across nine African countries and marks a significant step […]