At the Annual General Meeting (AGM) of the African Development Bank (AfDB) in Nairobi, experts convened to discuss the pressing need for increased private sector involvement in financing tertiary education across Africa. Collaborating with the Kenyan government, the African Union Commission, and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the dialogue emphasized the importance […]

China’s economic involvement in Africa is witnessing a notable resurgence, particularly in the realm of mineral investments. Last year, Chinese investment in African minerals surged by 114%, reflecting a strategic focus on resources crucial for global energy needs and China’s domestic economic priorities. This surge in investment includes significant acquisitions, such as China’s MMG Ltd’s […]

MTN, Africa’s premier telecommunications conglomerate, has announced a landmark investment initiative aimed at bolstering the continent’s digital infrastructure. Spearheaded by cebisi Jonas, the esteemed chairman of MTN, the ambitious endeavor will see a staggering $12 billion injected into critical digital assets over the next six years. At the forefront of this strategic move is the […]

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 […]