Addis Ababa — First Pledge From Africa Announced Representatives from African Union Member States met last week in Addis Ababa, Ethiopia, to engage on the Global Fund’s Eighth Replenishment, just days ahead of the pledging summit in Johannesburg, South Africa, on the margins of the G20 Leaders’ Summit. The meeting – convened by the Global…
In a world striving for sustainability, Michelle Lingam’s aspirations for her solar installation business highlight a troubling paradox: despite the critical role of women entrepreneurs in combating climate change, they continue to be largely excluded from formal financing. When Lingam sought a loan to expand her business, she anticipated rigorous scrutiny. What she did not…
MTN Ghana looks poised soon to overtake MTN Group’s home market of South Africa as the second largest by service revenue behind Nigeria, further shifting the group’s centre of gravity to West Africa. In the group’s quarterly update for the three months to end September, published on Monday, it said MTN South Africa generated R32.7-billion…
South Africa has a new rand-pegged stablecoin. Called ZAR Supercoin, the stablecoin is “purpose-built for South Africa and the wider African market”, according to its backer, New York-listed Super Group. ZAR Supercoin is the second rand-based stablecoin to be launched after ZARP, which was developed by Inves Capital. ZAR Supercoin’s backer is a company called…
Kigali, Rwanda 12 November 2025: The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank), is pleased to announce a US$300 million strategic investment in the Africa Minerals and Metals Processing Platform (A2MP). This investment underscores Afreximbank’s commitment to supporting Africa’s mining sector and ensuring the…
Belem, Brazil, 13 November 2025 — At the ongoing 2025 United Nations Climate Change Conference (COP30) in Belem, Brazil, African Export-Import Bank (Afreximbank) is strategically advocating for a climate agenda that aligns with Africa’s sustainable development and industrialisation ambitions as outlined by its President, Dr. George Elombi. The Bank’s delegation is advocating for a pan-African…
Businesses that are required by law to collect know-your-customer (KYC) information are set to benefit from improved speed and reliability as digital identity systems become more commonplace in Africa. The banking, insurance and automotive sales sectors are among the key beneficiaries, though areas such as driver’s licence issuance, qualifications verification and criminal record checks are…
Addis Ababa — Africa’s migration and humanitarian agenda require urgent, coordinated action, solidarity, and a people-centered approach, according to Amma Twum-Amoah, African Union Commissioner for Health, Humanitarian Affairs and Social Development. A two-day 5th Ordinary Session of the Specialized Technical Committee (STC) on Migration, Refugees and Internally Displaced Persons is underway at the African Union…
Gold mining operations recently restarted at the Loulo-Gounkoto complex in western Mali after being shut down for several months. In January, the Malian government started blocking exports from the mine owned by Canada-based Barrick Mining (formerly called Barrick Gold). The government blocked exports and took control of three tonnes of bullion following a dispute with…
The partners aim to cultivate a generation of African digital leaders who can strike a balance between innovation and effective regulation. Cambridge Enterprise and the Securities and Exchange Commission (SEC) Nigeria have partnered to enhance Africa’s capacity to strike a balance between innovation and regulation within the continent’s rapidly evolving fintech landscape. The collaboration is…
