Moody’s Ratings affirmed Africa Finance Corporation’s A3 long-term issuer and senior unsecured ratings, citing stronger capital, solid liquidity and stable asset quality as the infrastructure lender expands its balance sheet. The outlook remains stable. Moody’s also affirmed AFC’s Baa3 junior subordinated rating and P-2 short-term issuer rating. The rating agency said AFC’s capital position has…
Ninety One has closed its third Africa Credit Opportunities Fund with $404 million, including leverage, as the investment manager expands private lending to companies and infrastructure projects across Africa and other emerging markets. Investors include development finance institutions, pension funds and family offices from Africa, Europe, the UK, the US and Canada. The fund, known…
Comsol CEO Iain Stevenson Comsol has begun selling wholesale access to a national 5G network purpose-built for home broadband, backed by a multibillion-rand fundraising round and a shareholder overhaul that has seen Nedbank Private Equity exit the company after nine years. Its backed by heavy-hitters, including Richard Came, one of the early investors in the…
Twenty years after toxic waste from the cargo ship Probo Koala was dumped across Abidjan in Côte d’Ivoire, the disaster remains an open wound for many victims and a symbol of wealthy countries sending unwanted waste to Africa. On 19 August 2006, more than 500 tonnes of harmful substances unloaded from the ship were dumped…
The road to the sixth edition of the CAF Women’s Champions League will begin in August, with the six zonal qualification tournaments set to determine the teams that will join defending champions AS FAR in the final tournament. AS FAR have already secured their place in the final phase as reigning champions. They will be…
Olivier Karekezi believes the competitive nature of CAF Interclub football played an important role in preparing him for the next stage of his career abroad. The former Rwanda international began his career with APR FC before moving to Sweden, where he joined Helsingborgs IF. He later returned to APR before continuing his career with Tunisian…
On Foreign Interest, the Ideal Militia, and What a Coloniser Prays He Leaves Behind My grandmother never said displacement. She said: we left the house and the water took it. But the water did not take it. The state took it. A state that had been making that decision for decades, in different languages, with…
The new director of the Centers for Disease Control and Prevention, Erica Schwartz, confirmed by the U.S. Senate on Aug. 5, 2026, is only the second CDC director to face Senate confirmation. Congress adopted the process for the agency after the COVID-19 pandemic to bring more scrutiny to one of the country’s most consequential public…
Nigeria and Ghana will present the wave of attacks against fellow Africans (popularly called Afrophobia) in South Africa by misguided citizens of the former Apartheid enclave in the next session of the African Union (AU) Assembly of Heads of State and Government. Nigerian Minister of State for Foreign Affairs, Sola Enikanolaiye, made this known during…
Helicopter Crash in Kenya Claims Seven Lives Ecuador’s intelligence chief Michele Sensi-Contugi and his wife Stephany Hollihan were among seven people killed when a helicopter crashed in Kenya’s Samburu County. The other five victims were American, including NBCUniversal journalist José Alberto Suárez and Miami restaurateur Roger Duarte. The helicopter, operated by Lady Lori Helicopters,…
