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In a landmark development for Uganda’s energy sector, the Ugandan government has signed an Implementation Agreement with UAE investment firm Alpha MBM Investments LLC, marking a decisive step toward the construction of a long-stalled 60,000-barrel-per-day crude oil refinery. The agreement, inked at State House in Entebbe on March 29, 2025, in the presence of President […]

In a transformative move for South Africa’s digital infrastructure landscape, a consortium led by Actis—a global investor known for sustainable infrastructure investments—has finalized the acquisition of a 100% stake in Swiftnet from Telkom. This deal, announced on 28 March 2025, not only strengthens the consortium’s presence in Africa’s telecommunications market but also sets the stage […]

In a move that underscores the dynamism and evolving nature of the global energy sector, Latin America’s largest investment bank, Banco BTG Pactual (BTG), and Canada–Swedish-listed Africa Oil Corp have finalized an agreement that restructures and consolidates their existing stakes in the offshore exploration and production company, Prime Oil & Gas Coöperatief. This landmark deal, […]

In a major development poised to transform North Africa’s industrial landscape, the Kingdom of Morocco has signed a landmark investment agreement with Chinese textiles company Sunrise Group. Valued at MAD 2.3 billion (approximately USD 230 million), the deal is expected to generate significant economic benefits for Morocco, including the creation of around 8,500 jobs, both […]

In a landmark move poised to transform Lesotho’s economic landscape, the African Development Bank Group (AfDB) announced plans to invest $331 million in the kingdom over the next five years as part of its new Country Strategy Paper for 2025-2030. This ambitious investment is aimed at bolstering the nation’s infrastructure, industrial competitiveness, and overall socio-economic […]

Nigeria’s economic landscape is witnessing a transformative shift as the nation secures a staggering $14 billion in investments from India—a move that promises to redefine its business and diplomatic relations. In a press briefing held on March 21, 2025, Minister of Foreign Affairs Yusuf Tuggar revealed the magnitude of this deal, emphasizing that the investment […]

In a bold move aimed at transforming its economic landscape, Tanzania has unveiled a revised National Land Policy designed to attract foreign investments in real estate, industrial development, and agriculture. The new policy, launched by President Samia Suluhu Hassan in Dodoma on March 20, 2025, marks a decisive shift from previous restrictions and outdated registration […]

In a landmark move that underscores the strength of South Africa’s capital markets, Zeda Limited, Southern Africa’s leading integrated mobility solutions provider, successfully raised R850 million through its inaugural bond auction. The offering, spearheaded by Standard Bank, witnessed overwhelming investor interest with bids totaling R2.36 billion. This robust subscription not only validates Zeda’s strong performance […]

Google South Africa’s recent announcement of its Johannesburg cloud region marks a transformative milestone not only for the country but for the entire continent. The R2.5-billion investment in digital infrastructure is designed to empower businesses, accelerate technological innovation, and foster an ecosystem that can compete on a global scale. This bold move comes at a […]

In a significant milestone for Africa’s dynamic technology landscape, LoftyInc Capital Management has announced the first close of its LoftyInc Alpha Fund with a whopping $43 million in commitments. This late-seed investment fund is dedicated to nurturing and scaling Africa’s emerging tech startups, with a keen focus on key markets such as Nigeria, Egypt, Kenya, […]