While September traditionally marks the start of the school year across the northern hemisphere, a staggering 93 million children are not in class at all amid an unprecedented number of attacks on learning, education experts warned on Wednesday. According to Education Cannot Wait, the global fund, insecurity and other factors mean that a total of…
EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the final close of EIG Senior Infrastructure Debt Fund VI (“SIDF VI”) at $1.9 billion, nearly double the size of its predecessor fund. Together with $2.1 billion committed to single investor vehicles, this exceeds the strategy’s original $3 billion target and…
President Netumbo Nandi-Ndaitwah says Africa must stop depending heavily on outside funding to deal with conflicts on the continent, calling for stronger contributions from African countries and the private sector to finance peace efforts. Nandi-Ndaitwah made the remarks yesterday in an interview with New Era shortly after returning from Luanda, Angola, where she attended the…
Night view of Alibaba’s headquarters building located by the Huangpu River in Shanghai, China on Nov. 16, 2025. CFOTO | Future Publishing | Getty Images Alibaba shares plunged as much as 10% in Hong Kong on Monday after the Chinese tech giant priced an 80 billion Hong Kong dollar ($10.20 billion) placement of newly issued…
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…
Africa50 secured $50 million in commitments from two development finance institutions for a fund designed to prepare climate infrastructure projects for investment across Africa. Italy’s Cassa Depositi e Prestiti committed $40 million to the Alliance for Green Infrastructure in Africa Project Development Fund, while France’s Proparco committed $10 million. The AGIA-PD fund provides early-stage capital…
Vodacom Group CEO Shameel Joosub Vodacom has lowered the floor on its dividend payout policy, cutting it to at least 65% of headline earnings from at least 75% previously, in a change disclosed alongside first-quarter trading numbers and the completion of its long-awaited Safaricom transaction. The shift is significant for a counter widely held by…
Google Play today launched its first Indie Games Fund, committing $1 million to support rising, innovative game studios from across 32 countries in Africa to scale their games and reach a global audience. The fund provides equity-free capital, technical support, and expert mentorship empowering African game developers with the skills and resources they need to…
South African investment firm Stocks & Strauss closed its University Technology Fund II at ZAR400 million, or about $24 million, to back startups linked to local universities and alumni networks. The close brings total capital across the firm’s university-linked early-stage investment platform to more than ZAR700 million. The platform is designed to help commercialise innovation…
Wars regularly make headlines. Preventing them rarely does. Yet for the past 20 years, the UN Peacebuilding Fund (PBF) has quietly been helping countries to avoid violence, recover from conflict and build more peaceful futures for their citizens. Today, it’s the UN’s main vehicle for investing in peace before crises spiral out of control. As…
