The African Development Bank Group has approved a strategic $15 million equity investment in Adenia Entrepreneurial Fund 1 (AEF 1), marking a significant commitment to supporting small and medium-sized enterprises across the African continent. The Board of Directors authorized the investment during a meeting held in Abidjan on November 19, 2025, reinforcing the Bank’s dedication […]

The United Arab Emirates has unveiled an ambitious $1 billion investment initiative aimed at revolutionizing artificial intelligence infrastructure and AI-enabled services across the African continent, marking one of the most significant technology-focused development commitments to Africa in recent years. This landmark investment, designed to support African nations in achieving their long-term national development objectives, signals […]

In a significant development for Africa’s agricultural transformation, the Mauritius Commercial Bank Limited (MCB) has issued a comprehensive structured financing package to Invictus Investment Company PLC to support the firm’s ambitious expansion plans across Africa and the Middle East. This strategic financial arrangement comes at a critical juncture when food security challenges across the African […]

In a groundbreaking development for African education and technology, ALX, Anthropic, and the Government of Rwanda have unveiled a transformative partnership that promises to reshape how millions of Africans learn, teach, and engage with artificial intelligence. Announced on November 20, 2025, this landmark initiative introduces “Chidi”—an AI-powered learning companion built on Anthropic’s Claude large language […]

Nigeria’s oil and gas sector received a significant boost following the signing of a major production agreement between Conoil Producing and TotalEnergies at the French energy giant’s headquarters in Paris. The deal, formalized on Friday at TotalEnergies’ La Défense office complex, marks a pivotal moment for Nigeria’s upstream petroleum industry and signals growing international confidence […]

The Egyptian financial landscape has witnessed a pivotal shift with the official launch of the “Felousy” application—a major leap forward in democratizing access to the nation’s capital markets. Announced by Dalia El-Baz, Chairperson of Egypt Post, the platform represents the first fully integrated, end-to-end digital mechanism in Egypt dedicated to facilitating retail investment in investment […]

In a landmark policy reversal aimed at rejuvenating its mining sector, Ghana has announced the elimination of value-added tax on mineral exploration and reconnaissance activities, marking the end of a 25-year-old levy that industry stakeholders have long blamed for stifling investment and diminishing the country’s competitiveness in the global mining landscape. The decision, unveiled by […]

The African Development Bank Group has approved a comprehensive $211.4 million financing package aimed at revolutionizing agricultural production and generating thousands of employment opportunities in eastern Angola. This landmark investment represents one of the most significant agricultural development initiatives in the region and signals a strategic shift toward leveraging Angola’s vast untapped agricultural potential. The […]

In a significant step toward economic diversification and long-term fiscal sustainability, Guinea has announced plans to establish its first sovereign wealth fund by the second quarter of 2026, with an initial capitalization of $1 billion. The announcement, made by Planning Minister Ismael Nabe in the capital Conakry on November 12, 2025, marks a pivotal moment […]

Lagos – In a landmark development that promises to reshape Africa’s energy infrastructure and bolster the continent’s refining capacity, an international energy consortium has secured over $50 billion in financing to construct what will become Africa’s second-largest oil refinery in Ondo State, Nigeria. This massive investment represents one of the most significant private-sector energy commitments […]