In a continent striving to close its infrastructure gap, Africa50, the investment platform established by African governments and the African Development Bank (AfDB), is rapidly becoming a key player. During its 2024 Annual General Shareholders Meeting, held in Antananarivo, Madagascar, Africa50 was praised by stakeholders, including the Presidents of Madagascar and Tanzania, for its critical […]

Coca-Cola, the global beverage giant, has announced plans to invest $1 billion in Nigeria over the next five years. This significant capital infusion comes at a critical time for Africa’s largest economy, which is undergoing profound economic reforms under the leadership of President Bola Tinubu. The announcement was made during a meeting between Tinubu and […]

On September 19, 2024, Prime Group, a prominent investment firm known for its resource development initiatives, made waves in the financial and development sectors by announcing the launch of a $60 billion investment fund. This strategic fund is set to transform key industries in Africa, specifically focusing on oil exploration, mining, and agriculture. With a […]

Introduction to Mauritius as a Business Hub Standard Bank, Africa’s largest bank by assets, has announced its latest strategic move aimed at providing banking services for small and mid-sized businesses operating across Africa. This initiative will allow these businesses to bank with the lender in Mauritius, an island that is considered one of the most […]

In a world increasingly grappling with the impacts of climate change, Africa is among the most vulnerable regions. To address this urgent challenge, a major climate adaptation initiative is underway through the Africa Adaptation Acceleration Program (AAAP). In its first 36 months of operation, the AAAP has demonstrated significant progress in fostering climate resilience across […]

Saudi Crown Prince Mohammed bin Salman announced a substantial $5 billion investment in Egypt during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh on Tuesday. The pledge, made through the Public Investment Fund (PIF), highlights the strengthening economic ties between Saudi Arabia and Egypt, two of the largest and most influential nations in […]

In an exciting development for Africa’s burgeoning tech ecosystem, four Nigerian-owned startups have been selected to pitch their innovative business ideas to NBA Africa for potential financial support. These startups—Buzza, Festival Coins, Naemo Global, and Salubata—will present alongside six other companies from across the continent, competing for funding and mentorship under the prestigious NBA Africa […]

South African President Cyril Ramaphosa announced the government’s firm commitment to significantly increase infrastructure investment in the country, a move that is crucial to spurring economic growth, improving service delivery, and creating jobs. Speaking at the National Council of Provinces (NCOP) in Cape Town on September 12, 2024, Ramaphosa emphasized that the expansion of public […]

The 7th Africa Tourism Leadership Forum (ATLF) held in Gaborone, Botswana, from September 4 to 6, 2024, represented a significant step toward bolstering intra-African travel, tourism, and investment. Organized at the Gaborone International Convention Centre, the event attracted over 500 participants from 43 countries, including influential figures from the travel, tourism, hospitality, and aviation sectors. […]

The UK government has recently announced a £25 million investment into Africa’s food and agriculture sector, aiming to boost trade, tackle the climate crisis, and enhance food security across the continent. This initiative, revealed by Lord Collins of Highbury, the UK’s Africa Minister, during the Africa Food Systems Forum (AFSF) in Kigali, Rwanda, underscores the […]