July 18, 2023 In December, the Democratic Republic of the Congo (DRC) signed a 25-year contract with a United Arab Emirates (UAE) firm regarding export rights for ores mined by independent artisans. However, more recent developments reveal that the UAE has entered into a significant agreement with the DRC. The Congolese presidency announced that a […]

July 24, 2023 In a significant stride towards advancing healthcare accessibility and innovation in African low-middle-income communities, AAIC Investment and OurCrowd, Israel’s most active venture investor, have joined forces by signing a momentous Memorandum of Understanding (MOU). The collaboration is made on behalf of the Global Health Equity Fund (GHEF), a groundbreaking financial-first impact venture […]

July 25, 2023 The Private Infrastructure Development Group’s Emerging Africa Infrastructure Fund (EAIF) has provided a €35 million senior loan to kickstart the development of a groundbreaking 46 MW biomass power plant in Ayebo, Côte D’Ivoire. Lead arranger Proparco, a subsidiary of the French Development Agency, had earlier committed €90 million to the project. Additionally, […]

July 20, 2023 The African Development Fund (ADF) has approved the establishment of a Youth Entrepreneurship Investment Bank (YEIB) in Liberia to unleash the business potential of young Liberians. Approximately $16 million has been allocated to fund this strategic initiative, which aims to support youth-led micro, small, and medium enterprises in Liberia’s agribusiness and allied […]

June 19, 2023 The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA) have recently entered into a Memorandum of Understanding (MoU) to foster closer collaboration and drive financial market development and integration on the African continent. In a joint statement issued on Wednesday, the two organizations emphasized that the […]

July 21, 2023 In a remarkable move to bolster economic growth and tackle poverty in Ghana, the Norwegian Investment Fund for Developing Countries (Norfund) has recently injected a substantial investment of $10.5 million into Miniplast, a prominent Ghanaian manufacturing company. With an impressive investment portfolio of approximately $3.1 billion in Sub-Saharan Africa, Norfund has taken […]

July 14 2023 The Africa Prize For Engineering competition witnessed the emergence of joint winners. Anatoli Kirigwajjo from Uganda and Edmund Wessels from South Africa achieved a remarkable tie for first place as they showcased their groundbreaking innovations, YUNGA and FlexiGyn, before a panel of esteemed judges. This momentous occasion led to both engineers being […]