Africa Finance Corporation (AFC), the pan-African development finance institution with over $19 billion in total assets, has committed $100 million to invest in Africa-focused technology fund managers, the Lagos-based institution announced on May 18, 2026. The move marks a shift from AFC’s core infrastructure mandate into early and growth-stage venture capital. The first two commitments…
Uber sub-Saharan Africa GM Deepesh Thomas Uber has pledged R5-billion in investment in South Africa over the next three years, but the ride-hailing giant has acknowledged that the commitment is a mix of previously planned spending and genuinely new investment. The pledge, announced at the South African Investment Conference on Tuesday, follows a pattern of…
African Development Bank will provide $5.65 million to support a financing mechanism for solar mini-grids in Central African Republic, Chad, Nigeria and the Democratic Republic of Congo. The funding, approved in Abidjan, will be deployed as a repayable grant through the Sustainable Energy Fund for Africa. It is matched by the Nordic Development Fund, bringing…
The spending increase will stay in place for at least the next three years. Published On 1 Dec 20251 Dec 2025 Click here to share on social media share2 Share The United States has announced a new trade deal with the United Kingdom that includes zero tariffs on pharmaceutical and medical products in exchange for…
New York — Partnership to Reach 23 Million Pregnant Women and their Babies with Essential Prenatal Vitamins and Minerals Globally In a bold step to combat maternal undernutrition and protect the health of future generations, Kirk Humanitarian announced a new commitment today of US$50 million in prenatal vitamins and minerals, accessible to more than 60…
The R49 million funding reflects Google’s long-term commitment to supporting SA’s digital economy, it says. Google has announced a $2.85 million (R49 million) funding injection through its philanthropic arm, Google.org, to support artificial intelligence (AI) skills development, education, online safety and cyber security in South Africa. The announcement was made last night at AI Expo…
Addis Ababa — As increasingly frequent droughts and devastating floods are affecting agricultural productivity, leaving millions of people food insecure in Africa amid a lack of climate finance, the African Development Bank (AfDB) has committed USD 11 billion to support various climate-resilient and infrastructure projects in rural areas. Climate change-induced humanitarian emergencies are materializing in…
Vodacom invests R620 million to improve connectivity and digital inclusion in Mpumalanga. Mobile telephony group Vodacom will spend R620 million on improving connectivity and digital inclusion in Mpumalanga this financial year. This is in addition to the over R400 million the telco invested in the region in the previous financial year (2024-2025), it says. According…
