The Federal Government of Nigeria has successfully raised $2.2 billion through Eurobonds, a strategic move to finance the 2024 fiscal deficit and support its broader budgetary objectives. These funds, split between $700 million in 6.5-year bonds maturing in 2031 and $1.5 billion in 10-year bonds maturing in 2034, were issued at competitive yields of 9.625% […]

The International Finance Corporation (IFC), a key arm of the World Bank Group, has made a pivotal investment of ZAR 350 million (USD 19.4 million) in Boxer Retail Limited’s Initial Public Offering (IPO) on the Johannesburg Stock Exchange (JSE). This strategic move underscores IFC’s commitment to fostering inclusive growth and supporting the private sector in […]

President Joe Biden’s visit to Angola on December 4 marks a pivotal moment in his administration’s commitment to enhancing global infrastructure through sustainable development, with the Lobito Corridor at the heart of this strategy. This ambitious $5 billion project exemplifies the U.S.’s effort to counter China’s Belt and Road Initiative (BRI) by investing in infrastructure […]

International cocoa buyers have injected over half a billion dollars in upfront payments into Ghana’s state marketing board, Cocobod, to secure cocoa supplies and mitigate further financial challenges. This shift marks a pivotal moment in Ghana’s cocoa marketing system, following the abandonment of traditional syndicated bank loans in favor of private sector-led financing. The decision […]

A Premier Gathering for the Future of African Hospitality The Africa Hospitality Investment Forum (AHIF), Africa’s leading conference on tourism and hospitality investment, is set to host its 13th edition in Cape Town, South Africa, from June 17-19, 2025. This marks the first time Cape Town will host AHIF, reinforcing its reputation as a key […]

Cassava Technologies eFinance Investment Group have signed a groundbreaking agreement to explore and identify opportunities for collaboration and joint expansion across Africa. The signing ceremony was a highlight of the 28th Cairo ICT Exhibition and Conference, held under the auspices of President Abdel Fattah El-Sisi. This strategic partnership aims to foster innovation, boost digital transformation, […]

Breega, a venture capital firm renowned for its early-stage funds in Europe, has turned its focus to Africa with the launch of a $75 million fund dedicated to supporting African startups. Having secured $52 million in commitments so far, the firm expects the final close by the end of 2024. This marks a significant expansion […]

Payaza, one of Africa’s leading payment gateway providers, has achieved a remarkable milestone by securing an investment-grade rating from the Global Credit Rating (GCR) agency, an affiliate of Moody’s. This recognition marks a significant step for the African fintech ecosystem, highlighting the company’s financial robustness and potential to transform the region’s digital payment landscape. The […]

Adtopia, South Africa’s premier advertising network for community TV stations, has taken a giant leap forward by forging a strategic partnership with three prominent DStv channels: Ignition, Home Channel, and Business Day TV. The move brings Adtopia’s total network reach to a remarkable 13 million viewers, as per the latest TAMS ratings (September-October 2024), cementing […]

Orange Egypt is at the forefront of Egypt’s digital transformation journey, as showcased at the Cairo ICT 2024 Exhibition and Conference. As an official sponsor of the 28th edition of this prestigious event, Orange Egypt is presenting its groundbreaking innovations in advanced technology fields, including 5G networks, artificial intelligence (AI), smart city solutions, and cutting-edge […]