News

Monex Ventures and Uncovered Fund launched a $20 million investment fund for early-stage startups in Africa, the Middle East, and North Africa. The fund will target four sectors: finance, logistics, ...
Africa risks failure if it only trains a skilled but unwise generation, warns Felicia Appenteng, CEO of the Africa-America Institute. Over 70% of Africa’s population was under 30 in 2023, yet youth ...
Equity capital markets underwriting fees in Sub-Saharan Africa fell 66% in the first half of 2025 to US$5.5 million, the lowest since records began in 2000. Overall investment banking fees in the ...
Burkina Faso ends Target Malaria, a GMO mosquito project funded by the Gates Foundation. The government cites biosafety risks, low impact, and scientific sovereignty in halting the program. The fight ...
DRC plans $1.5B Eurobond for infrastructure, connectivity Public debt at 18.49% of GDP, below regional average Success depends on transparency, project monitoring, investor confidence The Democratic ...
Mauritania, Toyota Tsusho plan renewable-powered desalination plant Project aims to produce 50,000 m³ water daily Nouadhibou emerging as energy, water, and industry hub The Mauritanian Ministry of ...
Japan grants Kenya ¥25 bln ($169m) samurai loan for autos and electricity Deal signed at TICAD-9 aims to cut power losses and boost EV production Nairobi shifts debt strategy toward lowering borrowing ...
Facing increasingly costly and volatile Eurobonds, West African states are turning to their regional financial markets for funding. Senegal is a prime example; since the beginning of the year, it has ...
Africa's beer output hit record 160.5 Mhl in 2024 Angola's production surged 35%, fastest globally Africa led global growth as worldwide output declined African beer production reached a new record of ...
EXIM Bank approves $66m guarantee to fund a national data center in Côte d’Ivoire • U.S. company Cybastion to provide equipment under EXIM’s China-focused program • Project to boost secure data ...
CMOC and Glencore post 78,773 tons in first half of 2025, up 15% year-on-year Cobalt is being stockpiled in the DRC as exports remain blocked since February Output tied to copper and nickel mining, ...
S&P raises Kenya’s sovereign rating from B- to B with a stable outlook $900m Eurobond buyback and stronger reserves reduce liquidity risks Economy expected to grow 5.6% in 2025, above official ...