AIC News

The Federal Government, in collaboration with Pan-African Manufacturers Association (PAMA), has announced plans to boost intra-Africa trade currently at 13 per cent, noting that with African Continental Free Trade Agreement (AfCFTA) in full force, African governments must invest heavily in large-scale innovations and technology that would drive economic success and trade on the continent.

A fund operated by Ivory Coast-headquartered private equity investor Adiwale Partners has taken a minority stake in a Senegalese drilling services company which is targeting growth in West Africa.

Oracle opened a data centre in South Africa on Wednesday to provide local cloud services across Africa for the first time, joining the likes of Microsoft and Amazon in setting up facilities in the southernmost country on the continent.

Today marked the launch of Africa’s Access to Advanced Healthcare (AAAH) coalition with NANTSA which aims to manufacture a billion doses of the COVID-19 vaccine by 2025.

The UK is playing host to an African Investment Conference on Thursday, as it scrambles to retain influence on the continent, an investment battle ground for the world’s largest economies.

TriLinc Global, LLC (“TriLinc”) announced today the approval of WCA (Working Capital Associates) LLP (“WCA”) as a new investment partner for business expansion and socioeconomic development in Africa and Latin America.

A South African startup’s ambition to be the platform of choice for game studios seeking users and monetization in Africa has received the backing of popular Silicon Valley investment firm Andreessen Horowitz (a16z), Google, and legendary American rapper Nas.

Kenyan-based mobile commerce platform and goods distributor Copia Global has raised $50 million from investors to fund its expansion into the rest of Africa, the firm said on Thursday.

Africa Finance Corporation, the continent’s leading infrastructure solutions provider, has raised $400 million in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure.

Mobility 54 Investment SAS agreed partnership with Aceleron -investment and commercial programs to make the most sustainable batteries for the Africa
– Battery reuse and rebuild to contribute carbon neutrality and circular economy in Africa