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…
Early momentum is real, but AU member states, private capital and wary US investors have yet to be brought on board. Since the African Union Commission (AUC) and United States (US) government signed off on the Strategic Infrastructure and Investment Working Group (SIWG) in January, the platform has begun to take shape. Projects are being…
The author, ACT CEO Nomvuyiso Batyi Paul Colmer argues in TechCentral that the Competition Commission should refuse the application ACT has made on behalf of its members for a five-year exemption covering parts of rural network deployment. He makes his case carefully, and it deserves a direct answer rather than a restatement of our position….
WIOCC Group, Africa’s leading carrier-neutral digital infrastructure platform, has signed a Shareholder Subscription Agreement (SSA) with Africa Finance Corporation (AFC) and Vision International Investment Company (Vision Invest), through which the two investors will make a combined $300 million investment in the company. Signed at the LEAP 2026 Global Technology exhibition in Riyadh, the agreement represents…
Aukera, the pan-European battery storage and renewable energy platform backed by AtlasInvest, Reggeborgh and SFPIM (Belgium’s sovereign wealth fund), announced the closing of its €460 million structured credit facility, for which EIG, a leading institutional investor in the global energy and infrastructure sectors, served as the lead investor. With the financing in place, Aukera moves…
South Africa and Zimbabwe must move beyond their strong historical and political ties and translate their bilateral relationship into tangible economic opportunities, including investment, trade, jobs, infrastructure and improved livelihoods. This was a message delivered by International Relations and Cooperation Minister Ronald Lamola, on Thursday, at the opening of the Ministerial Meeting segment of the…
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…
For years, the crypto industry’s biggest challenge has been finding users beyond traders. Now, some of its largest companies think they’ve found them in AI agents. Although speculation still underpins much of crypto’s business, companies are trying to build a second growth engine by turning agents into users of crypto wallets, stablecoins and payment networks….
Meta Platforms reported a staggering 91% drop in second-quarter free cash flow to $784 million, down from $8.55 billion a year earlier, as the financial burden of its massive artificial intelligence buildout mounts. The cash flow collapse, marking Meta’s lowest level since late 2022 when its Reality Labs division faced heavy scrutiny over $80 billion…
Nairobi — Artificial intelligence has captured the world’s imagination. Every week brings another breakthrough model, AI assistant or prediction that technology will fundamentally reshape howwe live and work. Yet beneath the excitement lies a more important question: what makesartifi cial intelligence valuable at scale? The answer is not simply better algorithms or more powerful models….
