FSDAi Nyala Facility Invests US$ 1 Million In First Circle Capital Africa Fund I
FSDAi Nyala Facility BV, a facility set up by FSD Africa Investments to invest in emerging local capital providers is injecting US$1 million into Africa-based specialist VC fund First Circle Capital. Run by former entrepreneurs and fintech executives Selma Ribica and Agnes Aistleitner Kisuule, First Circle invests in the continent’s most promising early-stage financial technology […]
Standard Bank Group Highlights The Strategic Importance Of China-Africa Cooperation At FOCAC Media Roundtable
Standard Bank, the largest African financial services organisation by assets, hosted a high-profile roundtable at its Beijing office, reinforcing the vital role of China-Africa cooperation in driving economic growth and sustainable development. The event took place sidelines of the Forum on China-Africa Cooperation (FOCAC), a significant gathering aimed at enhancing bilateral relations and economic partnerships […]
Ambition In Action: Global African Hydrogen Summit Delivers On Pledge To Fuel Africa’s Green Industrialisation As To Witnesses Multi-Million Euro Deal Signings In Namibia
From its international soft launch at COP28 UAE in Dubai last December, the ‘Road to Namibia’ campaign in support of the Global African Hydrogen Summit has evolved into a movement to fuel Africa’s green industrial revolution. Following nine months on the road across Africa and around the world advocating, lobbying and raising awareness, the ‘Road to […]
The Biggest US Lender’s Push to Expand on the Continent
JPMorgan Chase CEO Jamie Dimon is set to visit Africa in mid-October as part of the bank’s strategy to expand its presence on the continent. This will be Dimon’s first trip to Africa in seven years, during which he plans to visit Kenya, Nigeria, South Africa, and the Ivory Coast. Currently, JPMorgan has offices in […]
Ghana is Grappling with Unresolved Issues Ahead of its December Presidential Election
Ghana’s upcoming December presidential election faces uncertainty as the main opposition party, the National Democratic Congress (NDC), has refused to sign the traditional peace pact, which aims to ensure a peaceful vote. The National Peace Council (NPC), an organization that seeks to ensure peaceful elections in Ghana, has urged political parties to commit to peaceful […]
Gavi Purchases 500,000 Mpox Vaccines for African Countries
Gavi, the global vaccine alliance, has purchased 500,000 mpox vaccines for African countries affected by the virus. While this batch marks a significant step, experts estimate that 10 million doses are needed to meet the continent’s demand. The Democratic Republic of the Congo, which accounts for the majority of mpox cases, including over 700 deaths […]
South Sudan Announces Plans to Resume Oil Production and Export
South Sudan and Sudan have agreed to resume oil production and exports, a critical move for both economies after disruptions caused by Sudan’s ongoing conflict. The deal, confirmed after talks between South Sudan’s President Salva Kiir and Sudanese military leader Gen Abdel Fattah al-Burhan, includes restoring South Sudan’s oil exports via the damaged Jabelyn-Port Sudan […]
Russia Agrees to Construct New Fuel Pipeline in Congo
Russia has reached a preliminary agreement to construct a fuel pipeline in the Republic of Congo that will connect the country’s western port of Pointe-Noire to its capital, Brazzaville. Russia will hold a 90% stake in the joint venture, contributing funds, equipment, and personnel for its execution. In return, Congo will provide tax relief and […]
Algeria’s Tebboune Sworn In for Second Term After Court Certifies Victory
Algerian President Abdelmadjid Tebboune has been sworn in for a second term following his landslide victory in the disputed September 7 presidential election. The ceremony took place at the People’s Palace in Algiers, with Tebboune’s challengers, Islamist Abdellali Hassan Cherif and Socialist Youcef Aouchiche, attending. Algeria’s constitutional court had, three days prior, certified Tebboune’s victory, […]
Gabon Deliberates Over Future Constitution Ahead of September Deadline
Gabon’s parliamentarians are finalizing proposed amendments to the country’s future constitution ahead of a September 22 deadline. The draft was submitted to transitional president General Brice Oligui Nguema after a year of military rule following the ousting of President Ali Bongo, whose family governed Gabon for over 50 years. Meanwhile, civil society groups are advocating […]
