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IFC Bolsters Financing for African Health-Care Businesses

The International Finance Corp. has started a $300 million fund for small and medium-sized health-care businesses in Africa to enable them to access essential medical equipment and boost their [...]

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Zimbabwe Signs MOU With Russia’s Rosatom to Tap Nuclear Energy

Zimbabwe and Russia’s Rosatom Corp. signed a memorandum of understanding to explore nuclear generation as the African nation seeks to cut its reliance on hydroelectric power. “The anticipated [...]

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BB Energy buys Solarcentury’s African ops with 2 GWp solar

Energy trader BB Energy has acquired the Africa-based subsidiary of UK solar developer Solarcentury and its pipeline of over 2 GWp of photovoltaic (PV) projects in the African region. The deal [...]

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MTN Values Mobile-Money Arm at $5 Billion, Considers IPO

MTN Group Ltd. values its mobile-money arm at about $5 billion and will consider a listing of the division, joining African wireless carriers trying to monetize a service that is particularly [...]

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New Dawn As Uganda, Tanzania Seal Oil Pipeline Deal

The governments of Tanzania, Uganda and international oil firms, French Total E&P, and China’s Cnooc have signed off four key agreements for commercialisation of the proposed East [...]

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Equity Bank Secures $100 Million to Expand in East and Central Africa

AFDB facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment. The Kshs 11 Billion [...]

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SAPH to Open New Rubber Processing Plant in Ivory Coast

  The Societe Africaine de Plantations d’Heveas said Friday that it plans to open a new rubber processing plant in the Ivory Coast. The leading producer and exporter of rubber in West [...]

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Burkina Faso to invest €160mln in big road projects in 2021

Burkina Faso is pursuing its road modernization plan. This year, the country plans to invest more than CFA105 billion (€160 million) in big road projects. This decision was reported following a [...]

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Anglo American to Spin Off South African Coal Mines

  Anglo American Plc will separate its South African coal mines into a new business this year, as the company accelerates its response to investor pressure over the most- polluting fuel. [...]

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Kenya’s NSE Acquires 4% Stake in Dar Stock Exchange

The Nairobi Securities Exchange (NSE) has disclosed that it has acquired a 4 per cent stake in the Dar es Salaam Stock Exchange citing strategic reasons. “Back in 2017, we took a position in the [...]

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Power Line Africa wins N$660 million NamPower tender

THE Tsumeb-based electricity infrastructure construction company Power Line Africa (Pty) Ltd has won a tender to design and construct a power line for the national power corporation worth over [...]

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Nigerian insurers close claims fraud gap with $450k expansion fund

Insurance companies in Nigeria and other African countries are to benefit from Curacel’s $450,000 pre-seed funding for expansion that targets to address issues on claims fraud. Curacel’s [...]