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The Nigerian Investment Promotion Commission (NIPC) has announced significant achievements in its mission to position Nigeria as a premier investment destination in Africa. Through strategic partnerships and dedicated investment promotion efforts, the NIPC has secured over $50 million in commitments from global firms across key sectors such as agriculture, manufacturing, ICT, healthcare, and renewable energy. […]

In a landmark development, South Africa and Angola have elevated their structured bilateral relationship from a Joint Commission of Cooperation to a Bi-National Commission (BNC). This strategic move signifies a deepened commitment to cooperation across trade, investment, regional integration, and global diplomacy. The announcement came during Angolan President João Manuel Gonçalves Lourenço’s State Visit to […]

Saudi Arabia’s Zahid Group, through its Gulf Falcon Holding Ltd. and local partner Entsha Ltd., has made a $1.3 billion bid to acquire Barloworld Ltd., a leading South African construction equipment company. The proposed deal values the Johannesburg-based company at approximately 22.8 billion rand, offering 120 rand per share, which represents a 30% premium over […]

A Strategic Partnership to Empower African GrowthThe African Development Bank Group (AfDB) and Italy’s Cassa Depositi e Prestiti (CDP) solidified a partnership to foster sustainable development in Africa. Through the establishment of the Growth and Resilience Platform for Africa (GRAf), the agreement aims to channel investments into critical areas such as food security, small and […]

The African Development Bank Group (AfDB), in collaboration with the Development Bank of Southern Africa (DBSA) and institutional investors such as Academy Securities, Africa50, and Newmarket, has announced the launch of a $2 billion synthetic securitization initiative. This groundbreaking effort aims to unlock critical capital to advance Africa’s development priorities, focusing on areas like climate […]

Prescient Investment Management has taken a significant step in enhancing the Johannesburg Stock Exchange’s (JSE) offerings with the listing of its Prescient Global Income Provider Feeder Actively Managed Exchange-Traded Fund (AMETF). This latest addition underscores the growing interest in exchange-traded funds (ETFs) within South Africa, particularly in the fixed-income sector. The AMETF, trading under the […]

The Italian insurance-financial group SACE and the African Development Bank Group (AfDB) announced a significant collaboration under the “Mattei Plan” on December 5, 2024, during the African Investment Forum in Rabat, Morocco. This agreement is set to bolster economic ties between Italy and Africa, paving the way for transformative projects in critical sectors like education, […]

The 5th Africa Investment Forum (AIF), an annual flagship event spearheaded by the African Development Bank (AfDB) and its partners, commenced in Rabat, Morocco, under the theme “Leveraging Innovative Partnerships for Scale.” Held from December 4-6, 2024, the event underscores Africa’s commitment to economic transformation by mobilizing resources and facilitating high-impact investments across the continent. […]

The Federal Government of Nigeria has successfully raised $2.2 billion through Eurobonds, a strategic move to finance the 2024 fiscal deficit and support its broader budgetary objectives. These funds, split between $700 million in 6.5-year bonds maturing in 2031 and $1.5 billion in 10-year bonds maturing in 2034, were issued at competitive yields of 9.625% […]

The International Finance Corporation (IFC), a key arm of the World Bank Group, has made a pivotal investment of ZAR 350 million (USD 19.4 million) in Boxer Retail Limited’s Initial Public Offering (IPO) on the Johannesburg Stock Exchange (JSE). This strategic move underscores IFC’s commitment to fostering inclusive growth and supporting the private sector in […]