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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 […]

James Cleverly, the Foreign Secretary of the United Kingdom, is set to visit three African countries during his four-day tour aimed at strengthening future-focused and mutually beneficial partnerships. Kicking off his journey in Ghana today, Monday, July 31, Cleverly will announce new UK investments for small businesses in Ghana. As one of the UK’s major […]

July 26th 2023 In a significant turning point for the embattled retail giant Steinhoff, the company’s shareholders have cast their votes in favor of dissolving the company and delisting it from the Johannesburg and Frankfurt stock exchanges. The decision was reached during an extraordinary general meeting held in Amsterdam, where around 99% of registered shareholders […]

July 27, 2023 South Africa has taken a significant step towards addressing its crippling energy crisis with the launch of the Energy One-Stop Shop (EOSS) and the Energy Resilience Fund (ERF). These initiatives, introduced by Trade, Industry, and Competition Minister Ebrahim Patel, aim to streamline the regulatory process for renewable energy project development and attract […]

July 18, 2023 In December, the Democratic Republic of the Congo (DRC) signed a 25-year contract with a United Arab Emirates (UAE) firm regarding export rights for ores mined by independent artisans. However, more recent developments reveal that the UAE has entered into a significant agreement with the DRC. The Congolese presidency announced that a […]

July 24, 2023 In a significant stride towards advancing healthcare accessibility and innovation in African low-middle-income communities, AAIC Investment and OurCrowd, Israel’s most active venture investor, have joined forces by signing a momentous Memorandum of Understanding (MOU). The collaboration is made on behalf of the Global Health Equity Fund (GHEF), a groundbreaking financial-first impact venture […]

July 25, 2023 The Private Infrastructure Development Group’s Emerging Africa Infrastructure Fund (EAIF) has provided a €35 million senior loan to kickstart the development of a groundbreaking 46 MW biomass power plant in Ayebo, Côte D’Ivoire. Lead arranger Proparco, a subsidiary of the French Development Agency, had earlier committed €90 million to the project. Additionally, […]

July 20, 2023 The African Development Fund (ADF) has approved the establishment of a Youth Entrepreneurship Investment Bank (YEIB) in Liberia to unleash the business potential of young Liberians. Approximately $16 million has been allocated to fund this strategic initiative, which aims to support youth-led micro, small, and medium enterprises in Liberia’s agribusiness and allied […]