Ethiopia to open banking sector to foreign investors, allowing up to 49% ownership while maintaining domestic control. New NBE directive sets strict limits: 7% for individuals, 10% for firms, and up ...
Afreximbank’s FEDA has led a $75 million equity investment into Spiro, Africa’s largest e-motorcycle deal, expanding the fleet from 60,000 to 100,000 battery-swap bikes by end 2025. Riders save an ...
Lagos launches OMI-EKO project to boost water transport Funded by AFD, EU, EIB; 75 electric ferries planned Aims to ease congestion, cut delays in 20M+ city The Lagos State government launched, on Oct ...
Hop Lun acquires three lingerie factories in Morocco Expansion boosts access to EU via trade agreement Marks firm's first manufacturing entry into Africa Hop Lun, a Hong Kong-based Chinese lingerie ...
World Bank commits $2B to Uganda for development projects Funding resumes after 2023 suspension over anti-LGBT law Uganda also negotiating new IMF credit deal post-elections Uganda will receive $2 ...
Uganda launches Clean Cooking Unit to boost energy transition Aims for universal clean cooking access by 2040 Only 15% currently have access; major health, climate impact The Ugandan government ...
Ghana plans 500,000 jobs via oil palm expansion policy Government seeks IFC, World Bank funding for plantations Agriculture reforms aim to cut food imports, boost jobs Le gouvernement ghanéen prévoit ...
Vista Group secures €30 million ($34.9 million) in loans from the EIB. Funds will expand credit access for SMEs in agriculture value chains. Guinea and Sierra Leone aim to reduce food import ...
CDC-CI Capital invests CFA800 million in Julaya through convertible bonds. The fintech will expand payment, cash management, and SME credit services. Julaya strengthens its presence in Côte d’Ivoire, ...
Asmara, the capital of Eritrea, is often described as Africa’s modern city for its remarkable architectural heritage and forward-thinking urban design. Perched on a high plateau more than 2,300 meters ...
Uganda plans to borrow around $2.5 billion for major infrastructure and energy projects. The loans involve the World Bank’s IDA, Citibank, and Standard Chartered Bank. The move could increase public ...
Enko Capital closes first round of $100 million for its private credit impact fund. British International Investment, IFC, and African pension funds among key investors. The fund targets mid-sized ...
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