Washington, DC – Over the next two days, a portion of the United States capital will transform into a seven-turn professional-grade track for the city’s first-ever IndyCar race. The Freedom 250 Grand Prix, championed by President Donald Trump, is one of several special events held to commemorate the country’s 250th birthday. Recommended Stories list of 3 itemsend…
Nigeria now has the highest headline capital gains tax rate among selected major African economies and one of the continent’s broadest regimes for taxing indirect transfers of Nigerian assets, according to a new report by PwC Nigeria. The report titled: “Nigeria’s Capital Gains Tax Reforms: What the New 30% Rate and Indirect Transfer Rules Mean…
Africa has no shortage of industrial ambition. What it lacks is the financial machinery to turn ambition into factories. For decades, Africa’s economic predicament has been described through the things it appears to lack: infrastructure, industrial capacity, skills, technology, foreign investment. There is another way of looking at the problem. Follow us on WhatsApp |…
Market gauges of inflation-adjusted borrowing costs have shot to their highest in more than a decade across major economies as AI companies and governments ramp up bond sales, raising risks for stock markets and the world economy. Real yields are the returns that a bond investor demands above inflation and are an important indicator of…
Executive Summary Africa’s industrialisation challenge is not primarily a shortage of ideas, policy intent, or entrepreneurial energy, but a constraint in financial architecture and capital deployment. The continent’s ability to build factories, infrastructure, and value-added industries is limited by the cost, structure, and accessibility of long-term finance. Until capital markets are deepened and better aligned…
Why good African businesses and projects can struggle to cross the funding redline Africa has never suffered from a shortage of ideas. It suffers from a shortage of capital willing to believe in those ideas. Across the continent, entrepreneurs are building businesses, engineers are designing infrastructure, farmers are developing agricultural value chains, innovators are creating…
Cairo — Africa’s multilateral lender, African Export-Import Bank (Afreximbank), secured its largest bond issuance on record after raising $1.5 billion from international investors, marking its return to the US dollar public debt market for the first time in nearly five years. The Cairo-based lender priced a dual-tranche senior unsecured Eurobond, attracting strong demand from investors…
Africa’s private capital market posted a mixed first half in 2026. Deal volume fell 16% year on year to 211 transactions, the first H1 drop since 2023. Investment value rose 65% to $3.7 billion, the second highest first-half total in five years. The gap between average deal size, $32 million, and median deal size, $5…
AI-native businesses are expected to attract more funding and create new acquisition opportunities for established companies. (Image source: iStock) South Africa’s venture capital (VC) ecosystem is entering a new phase of maturity, fuelled by a growing pipeline of exits and increasing investments in artificial intelligence (AI) start-ups that are challenging traditional incumbents. This is among…
Global hunger declined for the third consecutive year in 2025, but Africa has emerged as the epicentre of the world’s food crisis, with the continent now accounting for the highest number of hungry people globally, a new United Nations report has revealed. The 2026 edition of “The State of Food Security and Nutrition in the…
