Bending Spoons, one of Europe’s leading technology companies, today announced it has raised $710 million in equity at a pre-money valuation of $11 billion. The round was led by accounts advised by T. Rowe Price Investment Management, Inc., with participation from Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity Management & Research Company, Foxhaven Asset…
Kampala — Ramathan Ggoobi, Permanent Secretary and Secretary to the Treasury, has outlined key Ugandan investment pillars and explained why Uganda offers one of the highest returns on investment on the continent. “Our economy is among the fastest-growing in Africa, with stable inflation, a resilient currency, and a young, skilled population. Uganda offers one of…
Dar es Salaam — TANZANIA has overtaken Kenya as East Africa’s most attractive investment destination, climbing three spots to ninth in Africa, according to Rand Merchant Bank’s “Where to Invest in Africa 2025/2026” report. The leap, up from 12th position last year, reflects institutional investor preference for macroeconomic stability and large-scale, de-risked capital projects like…
Nigeria will host the World Investment Summit (WIS) from April 27 to 30, 2026. The event will take place in Abuja and bring together heads of state, ministers, global investors, and business leaders. Over 80 presidents and prime ministers, 96 ministers, 800 speakers, and 8,000 delegates will attend. The summit carries a clear theme: Unlocking…
Bitcoin is attracting investor interest, even as it comes off a record high. VALR, a Johannesburg-based crypto-currency exchange, has been approved for two additional financial licences, in what is seen as a positive development in South Africa’s regulatory framework for digital assets. The approvals enable VALR to offer a mix of investments that extends beyond…
Washington — The Congo Basin, home to the world’s second-largest tropical rainforest, holds immense value for not only the six countries it spans, but for the planet. A new World Bank report reveals the region’s forests are not only essential for climate stability and biodiversity, but also a foundation for economic resilience. The value of…
President Museveni has called on European countries to take advantage of their proximity to Africa and increase investments on the continent for mutual economic growth and prosperity. Speaking during a meeting with a high-level Austrian delegation on the sidelines of the 19th Ministerial Meeting of the Coordinating Bureau of the Non-Aligned Movement (NAM) at Speke…
South Africa is positioning itself as the continent’s digital and investment powerhouse, using its economic resilience and advanced infrastructure to attract global capital and drive Africa’s growth story. Speaking at the AFSIC – SA Investment Summit held in London on Wednesday, Deputy Minister in the Presidency Kenny Morolong said South Africa is “forging ahead, breaking…
Vice-President Kashim Shettima has disclosed that Nigeria’s energy transition journey under the administration of President Bola Tinubu is unlocking an investment opportunity of over $410 billion between now and 2060 to position the nation as the heartbeat of Africa’s renewable energy revolution. According to him, over $23 billion will be needed to expand energy access…
TLDR The International Finance Corporation (IFC) has announced a proposed equity investment of up to $6 million in Catalyst Fund The fund focuses on three verticals: fintech for climate resilience, sustainable livelihoods, and climate-smart essential services such as water, energy, and agriculture The IFC’s participation would strengthen the fund’s capital base while signaling confidence in…
