AIC News

Results from a 2D Seismic Survey of the Cabora Bassa area in Zimbabwe are showing signs of natural gas and crude oil deposits, Australian independent upstream oil and gas firm Invictus Energy has announced. Invictus Energy partnered with Canadian-based consulting firm Earth Signal Processing to process data from its CB21 survey, which the firm started […]

Global energy major, Eni, has brought the Ndungu field, located on Block 15/06 in the Angolan deep offshore basin, onstream – representing Eni’s third project start-up in Angola over the past seven months. The Italian multinational, through its collaborative relationship with the National Agency for Oil, Gas and Biofuels (ANPG), has been committed to addressing […]

German car manufacturer Audi has launched its electric vehicle (EV) e-tron range in South Africa, with multiple vehicle models on offer.

Big tech is pumping in billions and African tech companies are taking their first tentative steps, but with costs prohibitively high, will Africans be able to participate in the metaverse?

United States Congressman Gregory Meeks has warned that the United States will only be part of the future if it invests in Africa now.

While South African bank and financial services group, Standard Bank, and pan-African trade finance institution, the African Export-Import Bank (Afreximbank), have remained resolute in their active investment towards the continent’s ongoing and upcoming hydrocarbons projects, diversification in capital raising will be required to balance Africa’s energy needs and fund its transition towards a low-carbon future.

Addis Ababa this month launched a fund, aimed at attracting investment for at least $150bn worth of state-owned companies and assets. Ethiopia is keen to regain economic momentum after it slowed during the Covid-19 pandemic and a civil war in the northern region of Tigray.

The facility includes Revolving Subscription Credit Facility of up to $1.2bn to be used to finance investments in accordance with the Fund’s investment strategy.

As Russia’s invasion of Ukraine escalates, Moscow’s growing influence in Africa has led to divergent responses among the continent’s leaders.

Norfund, the Norwegian investment fund for developing countries, and CDC Group, the UK’s development finance institution (DFI), are today announcing a commitment to invest ZAR 600 million in H1 Capital (Norfund 360 million and CDC 240 million) – a South-African black-owned and managed renewables investment and development company.