Invest
Where capital is moving across Africa: funds, listings, private equity and the deals setting the direction of travel.
Ventures Platform closes $84m fund
Ventures Platform has closed its second fund, VP Pan-African Fund II, at $84 million, nearly double the $46 million raised for its first fund in 2022. The firm will now write larger cheques, targeting entry stakes of…
MTN eyes banking licences for lending
MTN is exploring banking licences in markets where its Mobile Money service has significant reach, a move that could let it take deposits and lend…
Terra raises Africa's largest seed round
Nigerian defence technology startup Terra Industries has closed a $52 million seed round, its third raise this year. The company will use the funds…
Askya backs ten African AI startups
Askya Investment Partners is opening applications for a six week programme for ten African AI startups, with a minimum commitment of $200,000 to at…
Endeavour Mining posts record $880m EBITDA
Endeavour Mining, West Africa’s largest gold producer, reported record adjusted EBITDA of $880 million for Q1 2026, up 29% quarter-on-quarter, with…
Africa’s $164bn wealth funds eye mining
Africa’s sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed as active financiers of the continent’s…
Family Bank’s NSE debut surges 44%
Family Bank listed on the Nairobi Securities Exchange by introduction on June 23, the largest private-sector listing in over 17 years. Its 1.66…
AfDB backs Arua airport in Uganda
The African Development Bank has approved $180 million to upgrade Uganda’s Arua Airport into an international-standard facility capable of handling…
Kenya revives $1.2bn JKIA expansion
Kenya has appointed the Trade and Development Bank and Africa Finance Corporation to arrange $1.2 billion in financing for the expansion of Jomo…
Dangote’s petrol unit is down 34%
The Dangote Petroleum Refinery has been running its main petrol-producing RFCCU unit at 34% below capacity since May 21, initially due to feedstock…
Elumelu named Seplat’s next chairman
Seplat Energy announced on June 9 that Tony Elumelu will become board Chairman from January 1, 2027, succeeding Senator Udoma Udo Udoma. Effiong…
Rabiu buys $81m jet, nears $20bn
BUA Group Chairman Abdulsamad Rabiu has taken delivery of an $81 million Bombardier Global 8000, becoming the first African to personally own the…
Airtel Zambia joins the $1bn club
Airtel Networks Zambia Plc crossed US$1 billion in market capitalisation on the Lusaka Securities Exchange on June 8, 2026, becoming one of the most…
Spiro bets on batteries, not motorcycles
Spiro co-founder Gagan Gupta told TechCabal that batteries and energy infrastructure, not motorcycles, drive the long-term growth strategy.…
Africa’s startup funding rebounds in May
Africa’s startup funding rebounded to $259.8 million in May 2026, up 133.5% from $110.4 million in April, across 43 startups. Bima Ghana led with a…
Kenya lands €102m EU digital package
Kenya’s €102 million EU digital package from Ruto’s Brussels visit breaks down into six programmes: €37m for the Blue Raman submarine cable, €17m…
UK launches £15m Nigeria growth programme
The UK and Nigeria launched a £15 million three-year Growth Programme on June 12 during UK Minister for Africa Baroness Jenny Chapman’s visit to…
Ghana pitches Voltaian Basin to Canada
Ghana’s Petroleum Commission Acting CEO Emeafa Hardcastle led discussions at the 2026 Global Energy Show in Calgary pitching investment…
Zimbabwe’s gold miner doubles output target
Mutapa Gold Resources, Zimbabwe’s state gold miner owned by the Mutapa Investment Fund, plans to double annual output from 105,000 ounces to 220,000…
Standard Bank backs Dangote refinery IPO
Standard Bank Group CEO Sim Tshabalala visited the Dangote Petroleum Refinery in Lagos on June 10 and pledged that Standard Bank will play a leading…
Uganda Airlines orders 10 Boeing aircraft
Uganda Airlines signed a commitment with Boeing on June 10 to acquire 10 aircraft including 8 passenger planes and 2 freighters (Boeing 767CF and…
Lagos rail reaches for its airport
Nigeria’s Aviation Minister Festus Keyamo announced plans at the Invest Lagos 3.0 forum on June 9 to extend the Lagos rail network from Ikeja Bus…
Kenya Airways pursues $2bn turnaround investor
Kenya’s government is seeking a strategic investor willing to commit $1.2-2 billion to Kenya Airways through an international tender, alongside a…
Eskom creates Green arm for renewable future
Eskom launched Eskom Green on June 10, a new separate renewable energy platform targeting mining and manufacturing companies with long-term clean…