In a strategic move aimed at fostering technological innovation and economic growth, Microsoft’s South African division (SA) has recently finalized a groundbreaking $70.5 million investment agreement with the South African Department of Trade, Industry, and Competition (DTIC). This partnership signifies a significant step towards advancing South Africa’s position in the global AI landscape while nurturing […]

Google has unveiled a transformative project set to reshape Africa’s digital landscape: the Umoja fiber optic cable. This groundbreaking initiative, named after the Swahili word for “unity,” promises to enhance connectivity, drive economic growth, and bolster resilience across the continent. Stretching from Kenya to Australia, with key stops in Uganda, Rwanda, DRC, Zambia, Zimbabwe, and […]

E-finance for Digital and Financial Investments (e-finance) has announced a strategic move to enhance its presence in Egypt’s digital payments market. The firm has acquired a 25% stake in Al Ahly Momken and a 13% stake in EasyCash, marking significant steps in its growth strategy. Al Ahly Momken, a key player in Egypt’s digital payments […]

Abu Dhabi National Oil Company (ADNOC) has made a significant move by acquiring a 10% equity stake in the Area 4 concession of Mozambique’s Rovuma basin from Portuguese energy firm Galp. This marks ADNOC’s first foray into Mozambique’s LNG market, positioning the company in one of the world’s largest gas discoveries. The Area 4 concession […]

Chile-based Enap Sipetrol is planning to expand its operations in Egypt by acquiring new concessions and increasing its oil and gas exploration efforts. This strategic move was discussed in a recent meeting between Egypt’s Minister of Petroleum and Mineral Resources, Tarek El-Molla, and key representatives from Enap Sipetrol, including General Manager Julio Friedmann and the […]

French energy leader TotalEnergies has announced a significant milestone in its operations, sealing a vital supply agreement with Nigeria’s renowned Dangote Refinery. The deal, disclosed by TotalEnergies CEO Patrick Pouyanne at the Africa CEO Forum in Kigali, Rwanda, marks a pivotal moment for both entities. At the heart of this agreement lies Dangote Refinery’s ambitious […]

A significant moment in African climate investment occurred as NMB Bank’s sustainability bond, the NMB Jamii Bond, was cross-listed on the London Stock Exchange. This event signifies a crucial step forward in attracting global capital for climate finance and development in Africa. Originally issued as the largest sustainability bond in East Africa, the NMB Jamii […]

In a strategic move aimed at enhancing its presence in Africa, Qatar Airways has disclosed plans to invest in a prominent airline operating in the southern region of the continent. CEO Badr Mohammed Al Meer shared this development during a panel discussion at the Qatar Economic Forum in Doha on Wednesday. Al Meer emphasized the […]

In a significant stride towards promoting sustainable living standards in Africa, Vitol and its subsidiary Vivo Energy have unveiled plans to invest over $550 million by 2030. This substantial commitment aims to bolster infrastructure vital for advancing clean cooking solutions across the continent. The announcement was made during a high-profile summit on clean cooking in […]

Golden Town Development, a prominent player in Egypt’s real estate sector, announced a significant stride in its expansion plans by forming a strategic alliance with Saudi businessman Ahmed bin Abed Al-Juhani. This collaboration aims to channel substantial investments, totaling EGP 10 billion ($208.4 million), into Egypt’s dynamic real estate market. Chairman Raafat Maher emphasized the […]