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Dubai International Chamber, a prominent member of Dubai Chambers, has taken a bold step to enhance its economic ties with South Africa by inaugurating a new representative office in Cape Town. This move is part of the chamber’s broader strategic initiative, the ‘Dubai Global’ program, which aims to foster deeper business and economic cooperation between […]

In a clear sign of renewed confidence in North Africa’s financial promise, British banking giant Standard Chartered officially opened its new branch in Casablanca’s burgeoning Casa Anfa business district this week. The formal registration dated April 25 with the Casablanca Commercial Court cements Morocco’s economic capital as the cornerstone of Standard Chartered’s sub-Saharan Africa strategy […]

In a major boost to West Africa’s private equity and venture capital ecosystem, Nigerian investment firm Aruwa Capital Management has successfully raised $35 million in the first close of its second fund. The firm initially targeted $40 million, but now aims for a final close of $50 million, with a hard cap set at $60 […]

Africa stands on the threshold of a transformative leap forward in sustainable development, thanks to the European Investment Bank’s (EIB) $60 million commitment to accelerate the deployment of green technologies across the continent. This significant investment, channeled through LeapFrog Investments, a private equity firm renowned for its focus on sustainability and inclusive growth, is poised […]

Equatorial Guinea has achieved a landmark milestone by obtaining an investment-grade credit rating of BBB/A2 from Bloomfield Investment Corporation, marking one of the few times a Central African oil producer has risen into this tier. The upgrade signals to international markets that the country has made meaningful strides toward fiscal consolidation, strengthened its external balances, […]

In a strategic move that underscores Zimbabwe’s rising prominence in Africa’s mining resurgence, Kavango Resources Plc has secured a US$5 million interest-free facility from the Comarton Managed Pension Funds’ Investments Consortium. The funding is poised to unlock a new era of mine development and gold processing infrastructure in Zimbabwe, supporting both national economic goals and […]

The African Export-Import Bank (Afreximbank) closed its 2024 financial year with a remarkable 29 percent increase in net income, reaching $973.5 million compared with $756.1 million in 2023. This performance comes amid a challenging global environment characterized by geopolitical uncertainty, persistent inflationary pressures, and elevated interest rates in major economies. Yet it also reflects the […]

Arnergy, a pioneering Nigerian provider of distributed renewable energy solutions, has closed an $18 million funding round to supercharge the rollout of solar-plus-storage systems throughout Africa Tech In Africa. Led by All On—an off‑grid energy impact investor seeded by Shell—with participation from Breakthrough Energy Ventures (Bill Gates’ climate‑tech fund), ElectriFI (the EU‑backed Electrification Financing Initiative), […]

Visa has strengthened its commitment to Africa’s rapidly evolving fintech ecosystem by making strategic investments in Moroccan fintech PayTic and Tunisian payments innovator Konnect. Both companies graduated from the third cohort of the Visa Africa Fintech Accelerator—a 12‑week program that combines mentorship, technical training, and access to Visa’s global payments network. These investments not only […]

In a landmark development for the continent’s sustainable development landscape, Airnergize Capital has successfully completed its first close, raising $106 million to accelerate clean technology solutions across South Africa and broader Africa. The fund, which is focused on renewable energy, gas, and water infrastructure, is set to drive economic growth and social upliftment while positioning […]