KoBold Metals, a cutting-edge U.S. startup known for its innovative approach to mineral exploration, has recently announced a significant investment in Zambia’s copper mining sector. The company plans to invest up to $2.3 billion over the next 8-10 years to develop the Mingomba Copper Mine, one of the largest copper reserves in the world. This […]

Introduction China’s relationship with Africa has evolved into one of the most strategically significant partnerships in the global South. This connection, underpinned by economic, political, and cultural ties, has seen significant growth in recent years, with China positioning itself as Africa’s largest trading partner and a key investor in the continent’s development. In a landmark […]

As the African continent continues to emerge as a significant player in the global tech ecosystem, a critical gathering is set to take place that could shape the future of venture capital (VC) and entrepreneurship in the region. From September 9 to 13, 2024, the third Africa Venture Finance Programme will be hosted at Oxford […]

In a significant development that underscores the growing international interest in India’s infrastructure sector, the National Investment & Infrastructure Fund (NIIF), India’s largest domestic infrastructure fund, is preparing to raise $4 billion. This ambitious fundraising effort, backed by prominent global investors including the Abu Dhabi Investment Authority (ADIA), is slated to begin as early as […]

In a significant move that could reshape economic ties between China and Nigeria, China has pledged to encourage its most “powerful” companies to invest in the West African nation. This commitment was made following a high-level meeting between Chinese President Xi Jinping and Nigerian President Bola Tinubu in Beijing on September 3, 2024. The discussions, […]

Introduction In a significant acknowledgment of Saudi Arabia’s role in Africa’s development, Dr. Akinwumi Adesina, the president of the African Development Bank Group (AfDB), has praised the Kingdom for its substantial financial support and commitment to the continent. Speaking at the 50th-anniversary celebration of the Saudi Fund for Development (SFD) in Riyadh, Dr. Adesina lauded […]

 A significant gathering of African leaders is taking place in China’s capital this week as they seek crucial funding for large-scale infrastructure projects. This summit comes against the backdrop of intensifying global competition over resources and influence on the continent, with China playing a central role in Africa’s economic landscape. Strengthening Ties Amid Global Competition […]

In a report that underscores the urgent need for action, Bridgewater Associates, the world’s largest hedge fund, has called for a significant increase in investment in sub-Saharan Africa to prevent the region from falling behind in the global economic race. The hedge fund’s analysis suggests that without substantial and sustained investment, the region’s potential to […]

In a significant development within Nigeria’s financial markets, investors have recorded an impressive $389 million oversubscription in the fixed income market, highlighting the heightened demand for Treasury bills (T-bills) amid an environment of economic uncertainty. This oversubscription, primarily concentrated in 364-day paper, reflects investors’ preference for longer-tenor instruments in the current market climate. Oversubscription Details […]

In a historic demonstration of solidarity, fourteen African nations and a coalition of global partners have pledged over US$ 45 million to the World Health Organization (WHO) in its inaugural Investment Round. This initiative, launched just three months ago, aims to secure sustainable financing for WHO, reinforcing its role at the heart of the global […]