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Ethiopia is navigating critical hurdles in establishing its nascent stock market as the Ethiopian Securities and Exchange Commission (ESEC) reports alarmingly low participation from brokers. This shortage threatens to delay the stock market’s successful launch, which is expected to be a transformative tool for economic growth, financial inclusion, and the mobilization of capital. The Role […]

In a move set to bolster economic collaboration between Europe and East Africa, Equity Group Holdings Plc and DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German Development Finance Institution, have launched the German Desk – Financial Support and Solutions for East Africa. The initiative seeks to facilitate trade, investment, and partnerships between Germany and […]

In a major prelude to the 2024 Africa Investment Forum (AIF) Market Days, top African investors converged in Casablanca, Morocco, on November 12, to engage Moroccan investors and business leaders. This gathering aimed to mobilize financial backing and prepare stakeholders for the annual Market Days event, scheduled for December 4-6 in Rabat, Morocco. The Africa […]

Invest Africa, a prominent pan-African business platform, has joined forces with Premier Invest, a global investment conglomerate, to drive transformative investments across Africa. This partnership is designed to identify and unlock high-impact growth, innovation, and sustainable development opportunities throughout the continent, leveraging key industry events like The Africa Debate and the Invest Africa Mining Series […]

In a major move to improve safety and service quality in Nigeria’s ride-hailing sector, Bolt has announced a €100 million (around $107 million) investment focused on enhancing safety standards for both drivers and passengers. The investment will fund new safety technologies, accident prevention measures, customer support upgrades, and public safety awareness campaigns, underscoring Bolt’s commitment […]

In a significant development for Nigeria’s oil and gas industry, Dangote Refinery and Pinnacle Oil & Gas Limited have reached an agreement to optimize petroleum product distribution across the country. This partnership, centered on Pinnacle’s new distribution terminal in the Lekki Free Zone, Lagos, reflects an effort to improve efficiency and reduce costs in the […]

Visa, a global leader in digital payments, announced on Wednesday strategic venture investments in four startups that graduated from the inaugural Visa Africa Fintech Accelerator program cohort. This move underscores Visa’s commitment to supporting Africa’s fintech ecosystem, fueling digital transformation, and advancing financial inclusion across the continent. The investments not only highlight Visa’s focus on […]

Coca-Cola Beverages Africa (CCBA) has committed a significant $50 million investment to expand its operations in Namibia by launching a state-of-the-art bottling line at its existing plant. This expansion is expected to increase production capacity by 30%, enabling the facility to produce an impressive 27,000 bottles per hour. This latest development underscores CCBA’s dedication to […]

In a challenging third quarter, MTN Nigeria Communications Plc reported a loss after tax of N514.9 billion for the nine months ending September 30, 2024, primarily due to the ongoing economic struggles facing Nigeria. The telecom giant’s financial performance was significantly impacted by the devaluation of the naira, a decline in subscribers, and an inflationary […]

Standard Chartered, a global banking leader in cross-border finance, and British International Investment (BII), the UK’s development finance institution and impact investor, have announced the renewal of a $350 million risk participation agreement. This strategic facility is designed to bolster the trade finance needs of small and medium-sized enterprises (SMEs) and larger corporations across Africa […]