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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Africa Finance Corporation Further Diversifies Shareholders with New Equity from DRC’s Rawbank

Africa Finance Corporation has mobilised over US$200 million in investments in DRC across its key sectors The Corporation announced that it received a...

Meta Rolls out In-Stream Ads & Ads on Facebook Reels in Kenya

Meta has announced two new monetisation features for eligible creators in Kenya The In-stream Ads on Facebook and Facebook Ads on reels will...

Mobius Motors: Kenyan Vehicle Manufacturer Is Closing Down

Mobius Motors, Kenya's automobile assembly company, has announced it's going into liquidation The company, founded by British businessman Joel Jackson launched the first-generation...

African Development Fund Grants The Comoros $135m to Develop Its Ports and Facilitate Regional Trade

African Development Bank has approved a funding package for the Union of Comoros to boost transport sector This funding will support a major...

UK Backing Enables New Africa-Focused Climate Fund to Achieve $200M First Close

The Helios Climate, Energy Access, and Resilience (CLEAR) Fund has achieved its first close CLEAR Fund has secured approximately US$200 million in anchor...

Italy’s Cassa Depositi e Prestiti and AfDB to invest €400m in Africa’s Private Sector Growth

  Cassa Depositi e Prestiti (CDP) and the African Development Bank will invest €400m million over five years in Africa's private sector growth ...
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