KwaZulu-Natal’s automotive components manufacturing sector is set to receive a significant boost, thanks to a R1.1 billion investment through a joint venture involving Toyota Motors South Africa, Toyota Tsusho Africa, and Ogihara Thailand Corporation. This collaboration, marked by the establishment of Ogihara South Africa in 2023, is aimed at enhancing the localisation efforts of Toyota […]

Introduction In a significant step toward rebuilding after one of the most devastating natural disasters in its history, Mozambique has allocated more than $704 million towards post-Cyclone Idai reconstruction efforts. This amount represents 56% of the total planned investment for the reconstruction program, according to a report from the Mozambique News Agency (AIM). The government, […]

In a significant move aimed at expanding its influence and market reach within Africa, Qatar Airways has announced a strategic investment in the South African regional carrier Airlink. The deal, which was finalized on August 20, 2024, will see Qatar Airways acquire a 25% equity stake in Airlink, marking yet another milestone in the Qatari […]

In a significant development for Nigeria’s power sector, the Nigerian Society of Engineers (NSE), Abeokuta branch, has expressed robust support for the $500 million investment by the Japanese International Cooperation Agency (JICA) to enhance power infrastructure in Ogun State. This investment, which was recently disclosed by the Minister of Power, Adebayo Adelabu, is aimed at […]

In a landmark move poised to reshape the Democratic Republic of the Congo’s (DRC) economic landscape, British International Investment (BII) has committed up to $35 million towards the development of the country’s first deepwater container port, the Port of Banana. This investment, in collaboration with global logistics giant DP World, marks a significant extension of […]

In the midst of a turbulent global economic landscape, South Africa’s private equity (PE) industry has shown remarkable resilience, setting a new benchmark with its fundraising activities in 2023. According to the recently released 2024 Savca Private Equity Industry Survey, conducted by the South African Venture Capital and Private Equity Association (Savca), the industry saw […]

The African Development Bank Group (AfDB) has taken a significant step toward accelerating Africa’s energy transition by approving a $10 million junior equity investment in the KawiSafi II Fund. This strategic investment, which comes from the Sustainable Energy Fund for Africa (SEFA), is poised to catalyze transformative climate-related initiatives across the continent, particularly in sub-Saharan […]

Olam Agri, a leading agribusiness company, is significantly expanding its Corporate Responsibility and Sustainability (CR&S) investment strategy to deepen its social, environmental, and economic development impact within Nigeria. The company has committed to a four-year development plan, allocating approximately N6.5 billion (over $4 million) to various CR&S initiatives aimed at driving socioeconomic growth within the […]

The Africa Property Investment (API) Summit, the continent’s most prestigious real estate gathering, is set to return for its 15th edition on September 19-20, 2024. This year marks a significant milestone as the summit makes its Cape Town debut at the Westin Hotel. With the overarching theme of ‘IMPACT,’ the 2024 API Summit will delve […]

In a significant move aimed at bolstering intra-African trade and driving the continent’s economic growth, the African Export-Import Bank (Afreximbank) announced its ambitious plan to double its financing of intra-African trade from $20 billion in 2021 to $40 billion by 2026. This announcement, made by Haytham ElMaayergi, the bank’s Executive Vice President, Global Trade Bank, […]