Africa Finance Corporation Secures EUR 250mn Loan From Italian Development Bank
Continental infrastructure solutions provider Africa Finance Corporation (AFC) has secured a EUR 250 million 10-year term loan from Cassa Depositi e Prestiti (CDP), the Italian Financial Institution for Development Cooperation. [...]
Ghana’s Credit Rating Rebounds with Gold Windfall and Fiscal Discipline
Ghana has received a significant boost in international investor confidence after Fitch Ratings upgraded the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-’with a Stable Outlook from ‘Restricted Default’ [...]
Mariott, Hilton, Double Down on Africa Investments
Global hotel chains Mariott International, Inc. and Hilton Hotels Resorts have announced aggressive expansion plans that will see the them add over 50 properties and over 100 properties respectively [...]China Will Open the Tariff Gates, But Can Africa Leverage This?
China’s pledge to scrap tariffs on all African exports flatters the continent with a promise few are equipped to seize. Middle low-income nations in the continent (like Kenya) may celebrate [...]DSTV Parent Firm Considers Offering SuperSport As Separate Package
MultiChoice is exploring a major overhaul of its DStv channel structure, with a particular focus on divesting its high-demand SuperSport offering from traditional entertainment packages — according to South African [...]AfDB Commits US$184.1mn to Africa's Largest Solar Plant
The African Development Bank Group (AfDB) has approved a US$184.1 million financing package for the Obelisk 1-gigawatt solar photovoltaic project and 200MWh battery energy storage system in Egypt. “This project [...]Afreximbank Disputes Fitch Ratings Downgrade
The African Export-Import Bank (Afreximbank) has dismissed a downgrade in credit rating by Fitch Ratings, following an assessment that some of its state borrowers were at a higher risk of defaulting [...]Ethiopia Triples EV Adoption in Two Years Amid Intense Policy Shifts, Incentives
Ethiopia is experiencing a sharp acceleration in electric vehicle adoption, within the number tripling from 4,600 in early 2023 to 14,000 EVs in early 2025 in Addis Ababa, according to [...]Private Equity Firm Silverbacks Exits Nigerian Startup Omniretail With Fivefold Returns
Just a month after exiting Nigerian fintech Lemfi at a 29x return, Silverbacks Holdings — a Mauritius-based private investment firm — has completed a partial divestment from Lagos-based startup Omniretail, [...]Trump's Blanket Visa Bans on 19 Countries Goes into Effect
Last week, US President Donald J. Trump signed an executive order that fully or partially suspends the entry of nationals from 19 countries, most of them African countries, from Monday [...]Fitch Ratings Downgrades Afreximbank Over High' Credit Risks
Ratings Firm Fitch has downgraded multilateral development bank African Export-Import Bank (Afreximbank), giving it a negative outlook in its latest outlook. “The Negative Outlook reflects the risk that the debt owed to [...]Ngo-Martins Okonmah: A Catalyst for Africa’s Construction Law Renaissance
In the latticework of concrete and steel that binds Africa’s rapidly expanding infrastructure landscape, Ngo-Martins Okonmah stands out as a relentless architect of a movement; one built from expertise, ambition, [...]
