The Board of Directors of the African Development Bank Group has approved a strategic equity investment of $25 million in The Currency Exchange Fund (TCX), marking a pivotal step toward addressing Africa’s mounting debt challenges and currency mismatch problems that have plagued the continent’s development financing landscape. This groundbreaking partnership comes at a critical time […]

Morocco has secured its position as Africa’s clean energy manufacturing pioneer through a groundbreaking $6.5 billion partnership with Chinese battery giant Gotion High-Tech, establishing the continent’s first battery gigafactory in a move that could fundamentally reshape global electric vehicle supply chains and Africa’s role in the energy transition. The massive industrial project, now under construction […]

In a landmark development for the global mining industry, Orion Minerals (ASX: ORN) has secured a transformative funding and offtake agreement with Glencore, one of the world’s largest commodities trading houses. The $200-250 million deal announced on September 16, 2025, represents the largest financial commitment ever secured by the Australian-based junior miner and positions the […]

Morocco is making history as the host of Africa’s first battery gigafactory, following a landmark $5.6 billion investment from China’s Gotion High-Tech. This groundbreaking project positions the North African kingdom at the heart of the global clean energy race, transforming Morocco into a key supplier of batteries for electric vehicles and renewable energy storage systems. […]

WEMA Bank Plc has announced the successful completion of its N150 billion Rights Issue, which opened on April 14, 2025, and closed on May 21, 2025. The exercise has received formal approval from both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), marking a significant milestone in Nigeria’s banking sector […]

In a groundbreaking move that underscores the growing investment appetite for African infrastructure, Saudi Arabia’s Vision Invest has completed a landmark $700 million investment in ARISE Integrated Industrial Platforms (Arise IIP), marking the Saudi firm’s first direct investment on the African continent. This substantial capital injection represents one of the largest private infrastructure raises in […]

Saudi Arabia’s Vision Invest has completed a landmark $700 million investment in pan-African industrial zone developer ARISE Integrated Industrial Platforms, marking one of the largest private infrastructure transactions in Africa to date and the Saudi holding company’s first strategic foray into the continent. The capital raise, announced Wednesday by Dubai-headquartered ARISE IIP, includes both primary […]

The African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC), seeded with US$1 billion to transform how the continent trades raw materials and value-added products. The initiative includes a key subsidiary, ATDC Minerals (ATMIN), focused on minerals and hydrocarbons. The launch, held in Algiers during the Intra-Africa Trade Fair, comes with […]

Aavishkaar Capital, the investment arm of India’s prominent Aavishkaar Group, has announced a strategic $5 million loan to Horizon Group Africa through its Global Supply Chain Support Fund (GSCSF), marking a pivotal moment in Africa’s quest to reclaim its position in the global spice trade. This investment, made in collaboration with German development bank KfW, […]

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 […]