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In a significant move highlighting the growing convergence of technology and finance, MTN Group, the largest mobile network operator in Africa, has announced a game-changing financial development. The telecommunications giant has unveiled its half-year financial performance, which includes a groundbreaking partnership with global payment behemoth Mastercard. This strategic collaboration sees Mastercard acquiring a minority stake […]

Founders Factory Africa, the pan-African powerhouse specializing in early-stage tech venture investments, has secured a substantial boost of $114 million in funding. This fresh injection of capital aims to fuel the expansion of its pioneering hybrid investment approach, spanning across the African continent. The move comes as a significant development in the realm of African […]

In a strategic move to bolster industrial development and attract investment, the Industrial Development Authority (IDA) has proudly announced the launch of the fifth phase of its electronic map for industrial investment. Encompassing an expansive area of 1.7 million square meters distributed across 14 governorates, this milestone underscores IDA’s commitment to fostering economic growth and […]

Airtel Uganda, a subsidiary of mobile operator Airtel Africa, has announced its plans to join the ranks of publicly listed companies by making its debut on the Ugandan Securities Exchange (USE). Following in the footsteps of MTN Uganda, the country’s largest telecommunications provider, which recently marked its first year as a publicly traded entity, Airtel […]

Safaricom Ethiopia, the pioneering private telecom operator in the nation, has achieved remarkable progress since its inception in August 2022. The company recently marked significant achievements, including the expansion of its network, the launch of vital services, and the formation of strategic partnerships aimed at transforming Ethiopia’s telecommunications landscape. In a groundbreaking move, Safaricom Ethiopia […]

Approximately one-third of Africa’s population, totaling around 1.3 billion individuals, lacks access to reliable water supplies, and about one-sixth of the population lacks basic hygiene services. Addressing this critical issue necessitates a significant financial commitment, with the World Bank estimating a requirement of $57 billion in annual investments. In response to the growing demand for […]

In the dynamic realm of the stock market, where every move holds the potential for significant gains or losses, the role of data has grown beyond mere numbers and charts. In the African context, where markets are witnessing a surge in innovation and growth, harnessing the power of data and embracing robust data solutions has […]

According to a recent report by World Gold Council (WGC), Egypt has played a pivotal role in propelling investments in gold bars and coins across the Middle East. This contribution is striking, representing almost a third of the entire regional demand of 32 tons. In the initial half of 2023, Egypt’s appetite for gold nearly […]

The Multilateral Investment Guarantee Agency (MIGA), which is part of the World Bank Group, has given a helping hand to BTE Renewables, an African renewable energy company. MIGA has offered a 15-year safety net of $18.9 million (equal to €17.2 million) to safeguard BTE Renewables’ investments in a 75-MW solar power plant located in South […]

FSD Africa Investments, in collaboration with InfraCredit, has infused £10 million into an innovative risk-sharing backstop facility, marking a pioneering step towards unleashing local currency support for sustainable infrastructure growth in Nigeria. The inception of the Risk Sharing Backstop Facility (RSBF) is a strategic response to the prevailing challenge of limited credit enhancement. This initiative […]