Africa Market Trends

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Tony Elumelu Foundation Signs $6m Partnership to Empower African Entrepreneurs

Tony Elumelu Foundation has secured a US$6 million...

AfDB’s Climate Action Window Channels $31m to Boost Climate Resilience in Four Countries

African Development Bank’s Climate Action Window has channelled...

US Scraps $17m Tax Policy Project for Liberia Amid Spending Concerns

The US through DOGE has cancelled a US$17...

West African Development Bank Issues $500m Sustainable Hybrid Bond on International Market

The West African Development Bank leads the way...

IFC and CIB Partner to Support Decarbonization across Key Sectors in Egypt

IFC and CIB have partnered to support reduced...
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ToumAI Secures $1m Pre-Seed Funding Led by Launch Africa Ventures to Revolutionize AI-Powered Customer Experience

Launch Africa Ventures has proudly led the US$1 million pre-seed funding round for ToumAI, a pioneering AI-driven startup With this latest funding...

AFC Raises $400m in Shariah-Compliant Commodity Murabaha Facility to Fund African Infrastructure

AFC has broadened its funding portfolio with innovative transactions that open new capital markets to attract global investors  The leading infrastructure solutions provider...

MIRO Secures New $10.7m Shareholder Loan Advised by Verdant IMAP

MIRO secured a new US$10.7 million shareholder loan that was provided by leading development finance institutions Verdant IMAP acted as a financial advisor...

AfDB Partners with AXIAN Telecom to Accelerate Africa’s Digital Transformation

AfDB approved a US$160 million senior corporate loan to support AXIAN Telecom to expand digital access  A key focus of the funding is...

Verdant Capital Hybrid Fund Completes $2m Mezzanine Investment in UsPlus

Verdant Capital completes its fifth investment of US$2 million in South Africa's fintech UsPlus The investment will support UsPlus’ expansion of working capital...

USTDA and AfDB Renew Partnership to Advance Quality Infrastructure in Africa

AfDB and US Trade and Development Agency have renewed an MoU to boost quality infrastructure development across Africa The partnership aims to integrate innovative...
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