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 […]

South Africa’s Harmony Gold has advanced its international expansion plans with the proposed $1.08 billion (R19 billion) acquisition of Australia’s MAC Copper. The deal, which secured 98.43% shareholder approval and is advancing to court sanction on October 9, 2025, represents a transformative strategic pivot for Africa’s largest gold producer by volume toward the critical copper […]

The Mozambican government has approved 115 investment projects valued at about US$5 billion in the first half of 2025, with the potential to create 17,000 jobs, signaling a dramatic turnaround for the Southern African nation after years of economic and political challenges. Prime Minister Benvinda Levi announced the figures on August 30 at the closing […]

Bottom Line Up Front: Brazil’s state-owned Petrobras is poised to return to Nigeria after a five-year absence, bringing world-class deepwater technology and significant investment potential to unlock Nigeria’s vast untapped gas reserves, marking a transformative shift in Africa-Brazil energy cooperation. The African Energy Chamber (AEC) has welcomed the announcement of Petrobras’s imminent return to Nigeria, […]

The Federation of the UAE Chambers of Commerce and Industry has signed a landmark Memorandum of Understanding (MoU) with the Chamber of Commerce and Industry of Angola (CCIA) to establish the UAE-Angola Business Council, marking a significant milestone in strengthening bilateral economic relations and expanding investment opportunities between the two nations. The agreement was concluded […]

Africa has secured between USD 10 and 12 billion in preliminary annual financing pledges to address its vast water and sanitation shortfalls, following a groundbreaking three-day summit in Cape Town that many leaders are calling a transformational moment for the continent’s development trajectory. The AU-AIP Africa Water Investment Summit, held under South Africa’s historic G20 […]

A groundbreaking $100 million investment is set to transform Ghana’s agricultural sector, positioning the nation as Africa’s first AI-powered agricultural hub. The four-year commitment from Degas Limited, a global agri-tech firm, was announced following a strategic meeting between President John Dramani Mahama and Degas’ CEO, Doga Makiura, during the Ghana Presidential Investment Forum in Yokohama, […]

Evora Developments has announced the launch of its latest project, Pulse, as part of a comprehensive EGP 30 billion investment strategy designed to capitalize on Egypt’s rapidly expanding real estate market. The announcement comes as industry experts predict property price increases of 25-30% in 2025, driven by strong investor confidence and economic stabilization efforts. Build […]