Africa
Pan-African business news covering all 54 nations. Continental trade, AfCFTA developments, multi-country investment, and business intelligence spanning the entire African continent.
$2bn railway rewires Southern Africa
Zimbabwe and Zambia signed a $2.18 billion MoU on April 11 to build the 311-kilometre Lion's Den to Kafue railway,…
IFC pays $111m for Morocco’s waste
The IFC approved a €95 million ($111 million) loan for Morocco's OCP Group to build a 22-million-tonne phosphogypsum storage facility…
SA wins first IFC rand loan
The IFC and Citi have signed a R1.6 billion ($98 million) rand borrowing facility that gives the World Bank's private-sector…
BlackRock’s $28bn South Africa bet grows
BlackRock's Global Infrastructure Partners chairman Adebayo Ogunlesi disclosed at a Cape Town summit that BlackRock manages $28 billion in South…
Newsletter
AFC closes record $2bn syndicated loan
Africa Finance Corporation raised a record $2 billion syndicated loan on June 4, upsized from…
Salt River Market transformed into 970 homes
Cape Town's Salt River Market site was formally handed to developer Communicare on June 8…
Rwanda locks in $250m IMF credit facility
The IMF Executive Board approved Rwanda's $250 million, 38-month Extended Credit Facility on June 9,…
Nigeria’s trade surplus triples to N7.55tn
Nigeria's Q1 2026 merchandise trade surplus surged 341% to N7.55 trillion ($4.1 billion) from N1.71…