The European Union has announced a substantial commitment to invest 11.5 billion euros ($13.3 billion) in South Africa across multiple strategic sectors, with a primary focus on clean energy infrastructure, renewable power generation, and pharmaceutical manufacturing capabilities, according to a statement released late on Thursday following high-level diplomatic meetings in Brussels. This ambitious investment package […]

Starlink, the satellite internet division of SpaceX, has announced it will comply with South Africa’s Black Economic Empowerment (BEE) legislation and commit R2.5 billion in investment as it positions itself for a long-awaited market entry into Africa’s most industrialized economy. The announcement, delivered by Ryan Goodnight, Starlink’s senior director for market access, came during the […]

Johannesburg, October 8, 2025 — In a move that underscores the evolving landscape of South African finance, 36ONE Asset Management has finalized a significant Black Economic Empowerment (BEE) transaction, granting a consortium led by MI Capital a 22% equity stake in the prominent investment firm. The deal arrives at a moment of intense national debate […]

South African mining company Tharisa has unveiled ambitious plans to invest $547 million (R9.46 billion) in a transformative underground platinum group metals (PGM) mining project over the next decade. This substantial capital commitment marks a strategic pivot from traditional open-pit operations to advanced underground mining techniques, positioning the company to secure long-term access to one […]

In a significant boost to the nation’s struggling automotive sector, South Africa has secured firm commitments from major Chinese and Indian automobile manufacturers to upgrade their current semi-knocked-down (SKD) vehicle assembly operations to comprehensive full-scale manufacturing facilities, Trade Minister Parks Tau announced Thursday at the country’s annual automotive industry conference. The announcement comes at a […]

In a major boost for internet connectivity across underserved African communities, Mawingu Networks, a leading Internet Service Provider (ISP), has secured USD 20 million (approximately Kes 2.6 billion) in debt funding backed by Pembani Remgro Infrastructure Fund II (PRIF II). This substantial investment represents a pivotal moment in the company’s ambitious expansion strategy to bridge […]

British International Investment, the United Kingdom’s development finance institution and impact investor, has announced a strategic $20 million commitment to Acumen’s Hardest-to-Reach Initiative, marking a significant step forward in addressing Africa’s persistent energy poverty crisis. The investment, channeled through the initiative’s debt-focused vehicle known as H2R Amplify, aims to expand access to affordable, reliable, and […]

In a calculated move that signals Mastercard’s deepening commitment to Africa’s digital transformation, the global payments giant has taken a minority stake in Smile ID, the continent’s dominant identity verification provider. The September 25, 2025 announcement extends an existing partnership and positions both companies at the epicenter of Africa’s $1.5 trillion digital economy race. The […]

In a landmark commitment to sustainable development and international partnership, European Commission President Ursula von der Leyen has announced a substantial €545 million Team Europe investment package designed to dramatically accelerate Africa’s transition to renewable energy. The announcement, delivered via video message at the prestigious Global Citizen Festival during the United Nations General Assembly proceedings, […]

In a landmark move that could reshape Africa’s economic development trajectory, Michael Bloomberg and the African Development Bank Group have announced a groundbreaking partnership designed to mobilize unprecedented levels of private sector investment across the African continent. The strategic alliance was unveiled during the Bloomberg Philanthropies Global Forum held alongside the 80th United Nations General […]