MTN Group faces a perfect storm of challenges as US sanctions freeze its $10 billion Iran investment, a Department of Justice grand jury investigation probes potential terrorism links, and the company considers reviving Telkom acquisition talks amid South Africa’s evolving telecoms landscape. Africa’s largest mobile operator MTN Group finds itself at a critical crossroads, balancing […]

One of Angola’s top banks BFA will launch the country’s biggest ever initial public offering on Friday, seeking to raise as much as $240 million as the government looks to kick-start a privatisation drive that could reshape the Southern African nation’s economic landscape. The Southern African oil-producing country has been gradually opening up its state-dominated […]

Azule Energy, the 50-50 joint venture between Italian energy giant Eni and British multinational BP, announced plans to invest an additional $5 billion in Angola over the next four to five years. This landmark commitment, revealed during the Angola Oil & Gas Conference 2025 in Luanda, matches the total investments made since the joint venture’s […]

Egypt has secured its position as the ninth-largest investment destination globally and the top destination in Africa, attracting a record-breaking net inflow of $46.1 billion in foreign direct investment (FDI) during the 2023/2024 fiscal year. This extraordinary achievement represents a staggering 361% increase from the previous year’s $10 billion, marking the largest foreign investment surge […]

South Africa’s Harmony Gold has advanced its international expansion plans with the proposed $1.08 billion (R19 billion) acquisition of Australia’s MAC Copper. The deal, which secured 98.43% shareholder approval and is advancing to court sanction on October 9, 2025, represents a transformative strategic pivot for Africa’s largest gold producer by volume toward the critical copper […]

The Mozambican government has approved 115 investment projects valued at about US$5 billion in the first half of 2025, with the potential to create 17,000 jobs, signaling a dramatic turnaround for the Southern African nation after years of economic and political challenges. Prime Minister Benvinda Levi announced the figures on August 30 at the closing […]

Bottom Line Up Front: Brazil’s state-owned Petrobras is poised to return to Nigeria after a five-year absence, bringing world-class deepwater technology and significant investment potential to unlock Nigeria’s vast untapped gas reserves, marking a transformative shift in Africa-Brazil energy cooperation. The African Energy Chamber (AEC) has welcomed the announcement of Petrobras’s imminent return to Nigeria, […]

The Federation of the UAE Chambers of Commerce and Industry has signed a landmark Memorandum of Understanding (MoU) with the Chamber of Commerce and Industry of Angola (CCIA) to establish the UAE-Angola Business Council, marking a significant milestone in strengthening bilateral economic relations and expanding investment opportunities between the two nations. The agreement was concluded […]

Africa has secured between USD 10 and 12 billion in preliminary annual financing pledges to address its vast water and sanitation shortfalls, following a groundbreaking three-day summit in Cape Town that many leaders are calling a transformational moment for the continent’s development trajectory. The AU-AIP Africa Water Investment Summit, held under South Africa’s historic G20 […]

A groundbreaking $100 million investment is set to transform Ghana’s agricultural sector, positioning the nation as Africa’s first AI-powered agricultural hub. The four-year commitment from Degas Limited, a global agri-tech firm, was announced following a strategic meeting between President John Dramani Mahama and Degas’ CEO, Doga Makiura, during the Ghana Presidential Investment Forum in Yokohama, […]