10-April-2020 The Board of Directors of the African Development Bank has approved a $10-million equity investment in Razorite Healthcare Africa Fund 1 (RHAF1) to help improve healthcare infrastructure delivery across the continent. Go to [...]
4-March-2020 The African Union will urge heads of state to work with the continent’s top wealth holders to help give rise to new economic champions. Cooperating as a group under the AfroChampions Initiative, these wealth holders seek to raise $1trn in investment by 2030. The AfroChampions [...]
20-April-2020 African Union Commission, Afreximbank, Afrochampions and UNECA issue a Joint Communique on the need for a Holistic and Coordinated Trade and Investment Response to the COVID-19 Pandemic. Go to [...]
Following the TICAD in Abidjan, the Japanese government has embarked on its African Business Education Initiative for Youth. It is a $30 million part public, part private initiative set to boost health and infrastructure in the continent. [...]
A presidential order to bring in 1,500 school buses to Angola from Austrian company GOTRANS Gmbh Vienna for $306 million has been issued. This is set to follow the guidelines set by the Public Investment Programme (PIP), that is intended to bring in social and economic investment to the country. [...]
Quartz takes a look at the results of private equities deeper involvement in African society. Taking particular focus on the Côte d’Ivoire hosted African Private Equity and Venture Capital Association (AVCA) conference, Quartz looked at how private equities in Africa are undertaking a larger [...]
After previously deciding to exempt them from caps to oil output due to civil unrest, OPEC has elected to cap Nigeria’s oil output. This series of caps in production are expected to last until March 2018 by which time OPEC hopes that oil prices will have recovered. [...]
Africa is seeing a rise in “smart cities” as evidenced by Accra’s Hope City, Nigeria’s Eko Atlantic and Kigali’s Vision City. What the creation of these cities means for the future of the landscape of the continent is explored by Quartz Africa’s Lily Kuo. [...]
After failing to renegotiate the terms of a loan agreement with its various bank donors, Etisalat has lost the Mubadala fund. Although details of the pullout are unclear, this remains significant as Mubadala owns up to 40% of Etisalat Nigeria. It is only the latest in a series of [...]