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Business, finance, and economic development

Catalyst Fund Secures $30 Million to Back Africa's Climate Tech Startups
Entrepreneurship

Catalyst Fund Secures $30 Million to Back Africa's Climate Tech Startups

Catalyst Fund, a pan-African climate-focused venture capital firm, has completed the second close of its debut fund, bri...

By James A. Abi 2 months ago
South Africa's Inflation Jumps to 5% in June, Driven by Fuel and Transport Costs
Economy

South Africa's Inflation Jumps to 5% in June, Driven by Fuel and Transport Costs

Annual consumer inflation in South Africa surged to 5.0% in June 2026, up from 4.5% in May, marking the highest reading ...

By James A. Abi 2 months ago
Africa's Next Unicorns Will Come from Financial Inclusion and Creative Economy — Investors
Entrepreneurship

Africa's Next Unicorns Will Come from Financial Inclusion and Creative Economy — Investors

Africa's next generation of billion-dollar companies is likely to emerge from financial inclusion, the creative economy,...

By James A. Abi 2 months ago
Nigeria Crosses $250m Startup Funding Mark for First Time Since 2022
Entrepreneurship

Nigeria Crosses $250m Startup Funding Mark for First Time Since 2022

Nigeria has regained its position as one of Africa's leading destinations for startup investment after attracting $254 m...

By James A. Abi 2 months ago
South Africa and World Bank Sign $1.5 Billion Development Policy Loan

South Africa and World Bank Sign $1.5 Billion Development Policy Loan

The Government of South Africa and the World Bank have signed a US$1.5 billion Development Policy Loan Agreement aimed a...

By James A. Abi 2 months ago
SEZ Programme Attracts R31.7 Billion in Investment, Creates 28,000+ Jobs

SEZ Programme Attracts R31.7 Billion in Investment, Creates 28,000+ Jobs

South Africa's Special Economic Zones (SEZs) have attracted a combined R31.7 billion in investment and created 28,821 di...

By James A. Abi 2 months ago
Angola Secures $900 Million Chinese-Backed Port Investment

Angola Secures $900 Million Chinese-Backed Port Investment

Angola has become the latest African country to secure a major Chinese-backed infrastructure investment, with Huatong An...

By James A. Abi 2 months ago
Nigeria Builds $52 Billion Cash Buffer to Shield Economy

Nigeria Builds $52 Billion Cash Buffer to Shield Economy

Nigeria has built one of its strongest external financial positions in recent years, with external reserves climbing to ...

By James A. Abi 2 months ago
ECOWAS Approves $25 Billion Nigeria-Morocco Mega Gas Pipeline

ECOWAS Approves $25 Billion Nigeria-Morocco Mega Gas Pipeline

West African leaders have formally endorsed the Nigeria-Morocco Atlantic Gas Pipeline, signing a landmark Intergovernmen...

By James A. Abi 2 months ago
Can Africa Scale At Speed While Retaining Control?
Entrepreneurship

Can Africa Scale At Speed While Retaining Control?

Africa is scaling at pace. AI adoption is accelerating, digital infrastructure is expanding and industries from finance ...

By James A. Abi 2 months ago