In a landmark move for Nigeria’s industrial ambitions, the Stellar Steel Company Limited, a Chinese‐backed firm, has entered into a cooperation agreement with the Federal Ministry of Steel Development of Nigeria worth around US $400 million. The deal, announced in Abuja, signals a new era for steel production in the country and sets the stage […]

In a landmark address at the III Financing Summit for Africa’s Infrastructure Development held in Luanda, Angola, H.E. Lerato D. Mataboge, African Union Commissioner for Infrastructure and Energy, unveiled an unprecedented US$30 billion strategic investment framework designed to revolutionize the continent’s aviation sector over the next decade. The announcement, delivered during a high-level session focused […]

In what represents one of the most ambitious gatherings focused on African economic development in recent years, heads of state, global investors, and development partners are converging in Angola’s capital from October 28-31, 2025, for the III Summit on Financing for Infrastructure Development in Africa. The high-stakes meeting carries the weight of continental expectations as […]

Standard Chartered has agreed to divest its wealth and retail banking business in Uganda to South African financial institution Absa Group for an undisclosed amount, marking another significant milestone in the British bank’s strategic retreat from smaller African retail markets. The transaction, announced on Friday, October 25, 2025, comes as both institutions pursue fundamentally different […]

Nigeria’s solid minerals sector is experiencing a significant transformation as Chinese companies have committed a substantial $1.3 billion investment in lithium processing operations across the country, marking a pivotal moment in the nation’s efforts to diversify its economy beyond oil dependency. This announcement was made by the Minister of Solid Minerals Development, Dr. Dele Alake, […]

In a landmark move that signals growing confidence in Africa’s digital economy, Nvidia Corporation, the world’s leading artificial intelligence chip manufacturer, has acquired an equity stake in Cassava Technologies, a pan-African technology infrastructure company. This strategic investment marks a significant escalation of Nvidia’s commitment to the continent and positions the chipmaker at the heart of […]

In a significant validation of Africa’s burgeoning digital financial services sector, Moniepoint Inc. has successfully raised an additional $90 million as part of its ongoing Series C funding round, bringing the total capital raised in this round to $200 million. This latest injection of capital, announced on October 21, 2025, comes just one year after […]

A groundbreaking World Bank report has unveiled the staggering economic potential locked within the Congo Basin’s vast tropical forests, revealing that these critical ecosystems hold more than $23 trillion in untapped value. The comprehensive assessment calls for urgent and strategic investment to unlock their potential for both climate resilience and sustainable economic development across Central […]

In a significant move to address one of Africa’s most persistent economic challenges, British International Investment (BII), the UK’s development finance institution, has provided an anchor commitment to the Enko Impact Credit Fund, which has successfully raised $100 million at its first close. This landmark investment represents a strategic effort to unlock growth capital for […]

In a bold demonstration of confidence in Africa’s economic future, global logistics giant DHL Group has announced a multi-year investment exceeding €300 million ($349 million) in Sub-Saharan Africa, marking one of the largest infrastructure commitments by an international logistics company in the region. The comprehensive investment program will be deployed across DHL Express, DHL Global […]