In a transformative move that signals South Africa’s growing confidence in East African markets, Nedbank Group announced on Wednesday its intention to acquire a controlling 66 percent stake in Kenya’s NCBA Group for 13.9 billion rand ($855.5 million), marking one of the largest cross-border banking transactions in the region’s recent history. The proposed acquisition, which […]

British International Investment (BII), the United Kingdom’s development finance institution and impact investor, announced on January 20, 2026, that it will serve as an anchor investor in the Allianz Credit Emerging Markets (ACE) fund, a groundbreaking $1 billion blended finance vehicle designed to accelerate climate finance in emerging markets. The fund, which launched in London, […]

The European Investment Bank has taken a decisive step toward supporting Egypt’s renewable energy transformation by announcing $150 million in financing for the Obelisk solar photovoltaic project through its development arm EIB Global. The announcement coincided with the inauguration of the first phase of this landmark facility in Qena Governorate, marking a significant milestone for […]

Ethiopian Investment Holdings, the country’s state-owned investment arm managing over $140 billion in assets, has announced plans to develop domestic currency-printing capacity as part of a comprehensive strategy to establish critical national infrastructure under public ownership. The initiative positions Africa’s second-most populous nation among a select group of African countries pursuing monetary sovereignty through local […]

The Arab Coordination Group and the African Development Bank Group have launched an ambitious new strategic partnership aimed at transforming fragmented development cooperation into large-scale, coordinated investment across Africa. The initiative, formalized during a High-Level Consultation Meeting at the AfDB’s headquarters in Abidjan, represents a critical response to Africa’s widening development financing gap and establishes […]

Micro, small, and medium-sized enterprises (MSMEs) represent the economic backbone of Africa, accounting for approximately 50% of the continent’s GDP and generating an estimated 80% of jobs across the region. Yet despite their crucial role in driving employment and economic growth, African MSMEs face a persistent and debilitating challenge: severely restricted access to affordable credit. […]

Nigeria is positioning itself as a major destination for green finance and climate investment with President Bola Tinubu unveiling an ambitious $2 billion National Climate Change Fund during the Abu Dhabi Sustainability Week summit on Tuesday, signaling the West African nation’s determination to drive its energy transition through innovative financing mechanisms and international partnerships. Speaking […]

The same Silicon Valley investors who transformed Anduril Industries into a $30.5 billion defense technology powerhouse are now placing significant bets on an entirely different kind of defense company—one founded by two entrepreneurs in their early twenties in Abuja, Nigeria, that designs and manufactures its autonomous systems on the African continent with predominantly African engineers. […]

As South African households grapple with the financial pressures that typically accompany the start of the year, Shoprite Group has announced a strategic partnership with PayJustNow to offer buy now, pay later (BNPL) payment options across its retail network. The move comes at a critical time when education costs, transport expenses, and routine living costs […]

Champion Breweries Plc has officially opened its N42 billion public offer to institutional and retail investors, marking a pivotal moment in the Nigerian brewer’s ambitious expansion strategy. The offering, which opened on January 8 and runs until January 21, 2026, involves the issuance of 2.625 billion ordinary shares of 50 kobo each at N16 per […]