Ethiopia to open banking sector to foreign investors, allowing up to 49% ownership while maintaining domestic control. New NBE directive sets strict limits: 7% for individuals, 10% for firms, and up ...

Afreximbank’s FEDA has led a $75 million equity investment into Spiro, Africa’s largest e-motorcycle deal, expanding the fleet from 60,000 to 100,000 battery-swap bikes by end 2025. Riders save an ...

World Bank commits $2B to Uganda for development projects Funding resumes after 2023 suspension over anti-LGBT law Uganda also negotiating new IMF credit deal post-elections Uganda will receive $2 ...

Hop Lun acquires three lingerie factories in Morocco Expansion boosts access to EU via trade agreement Marks firm's first manufacturing entry into Africa Hop Lun, a Hong Kong-based Chinese lingerie ...

The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank), has announced a $75 million investment in Spiro, the leading ...

Uganda launches Clean Cooking Unit to boost energy transition Aims for universal clean cooking access by 2040 Only 15% currently have access; major health, climate impact The Ugandan government ...

Ghana plans 500,000 jobs via oil palm expansion policy Government seeks IFC, World Bank funding for plantations Agriculture reforms aim to cut food imports, boost jobs Le gouvernement ghanéen prévoit ...

Lagos launches OMI-EKO project to boost water transport Funded by AFD, EU, EIB; 75 electric ferries planned Aims to ease congestion, cut delays in 20M+ city The Lagos State government launched, on Oct ...

CDC-CI Capital invests CFA800 million in Julaya through convertible bonds. The fintech will expand payment, cash management, and SME credit services. Julaya strengthens its presence in Côte d’Ivoire, ...

Asmara, the capital of Eritrea, is often described as Africa’s modern city for its remarkable architectural heritage and forward-thinking urban design. Perched on a high plateau more than 2,300 meters ...

Vista Group secures €30 million ($34.9 million) in loans from the EIB. Funds will expand credit access for SMEs in agriculture value chains. Guinea and Sierra Leone aim to reduce food import ...

Liquid Intelligent’s new SME Portal will provide small businesses with access to affordable digital tools, including internet, cloud storage, and collaboration services. The platform targets Zambia’s ...