Morocco is making history as the host of Africa’s first battery gigafactory, following a landmark $5.6 billion investment from China’s Gotion High-Tech. This groundbreaking project positions the North African kingdom at the heart of the global clean energy race, transforming Morocco into a key supplier of batteries for electric vehicles and renewable energy storage systems. […]

WEMA Bank Plc has announced the successful completion of its N150 billion Rights Issue, which opened on April 14, 2025, and closed on May 21, 2025. The exercise has received formal approval from both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), marking a significant milestone in Nigeria’s banking sector […]

In a groundbreaking move that underscores the growing investment appetite for African infrastructure, Saudi Arabia’s Vision Invest has completed a landmark $700 million investment in ARISE Integrated Industrial Platforms (Arise IIP), marking the Saudi firm’s first direct investment on the African continent. This substantial capital injection represents one of the largest private infrastructure raises in […]

Saudi Arabia’s Vision Invest has completed a landmark $700 million investment in pan-African industrial zone developer ARISE Integrated Industrial Platforms, marking one of the largest private infrastructure transactions in Africa to date and the Saudi holding company’s first strategic foray into the continent. The capital raise, announced Wednesday by Dubai-headquartered ARISE IIP, includes both primary […]

The African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC), seeded with US$1 billion to transform how the continent trades raw materials and value-added products. The initiative includes a key subsidiary, ATDC Minerals (ATMIN), focused on minerals and hydrocarbons. The launch, held in Algiers during the Intra-Africa Trade Fair, comes with […]

Aavishkaar Capital, the investment arm of India’s prominent Aavishkaar Group, has announced a strategic $5 million loan to Horizon Group Africa through its Global Supply Chain Support Fund (GSCSF), marking a pivotal moment in Africa’s quest to reclaim its position in the global spice trade. This investment, made in collaboration with German development bank KfW, […]

MTN Group faces a perfect storm of challenges as US sanctions freeze its $10 billion Iran investment, a Department of Justice grand jury investigation probes potential terrorism links, and the company considers reviving Telkom acquisition talks amid South Africa’s evolving telecoms landscape. Africa’s largest mobile operator MTN Group finds itself at a critical crossroads, balancing […]

One of Angola’s top banks BFA will launch the country’s biggest ever initial public offering on Friday, seeking to raise as much as $240 million as the government looks to kick-start a privatisation drive that could reshape the Southern African nation’s economic landscape. The Southern African oil-producing country has been gradually opening up its state-dominated […]

Azule Energy, the 50-50 joint venture between Italian energy giant Eni and British multinational BP, announced plans to invest an additional $5 billion in Angola over the next four to five years. This landmark commitment, revealed during the Angola Oil & Gas Conference 2025 in Luanda, matches the total investments made since the joint venture’s […]

Egypt has secured its position as the ninth-largest investment destination globally and the top destination in Africa, attracting a record-breaking net inflow of $46.1 billion in foreign direct investment (FDI) during the 2023/2024 fiscal year. This extraordinary achievement represents a staggering 361% increase from the previous year’s $10 billion, marking the largest foreign investment surge […]