AIC News

Despite promising signs of a continuing global economic recovery in 2022, the African debt situation remains worrying. Over 20 low-income African countries were in debt distress or at risk of debt distress in autumn 2021 according to the IMF.

The continent is generating a frenzy of localized content as giants like Netflix and Disney+ battle to gain a foothold in a market that has long been ignored: “There’s a lot of room for growth.”

BHP has committed to invest $100 million in a huge nickel project in Tanzania,

The sustainable aquaculture investment fund has committed up to $300 million to the sub-Saharan region of Africa.

FinDev Canada participated in fundraising through 2X Canada, an impact investment facility driving the economic empowerment of low-income and underserved populations in sub-Saharan Africa, Latin America and the Caribbean.

In the seven months since Float’s launch, the cash flow management and spend platform has onboarded hundreds of businesses in a wide range of industries — retail and manufacturing, fintech, e-commerce, media and health.

BHP Group has invested $40 million in a Tanzania nickel project.

MultiChoice Group, the African entertainment company that operates DStv, has shortlisted six start-up and scaling businesses that will be progressing to the final leg of the MultiChoice Accelerator Programme.

France wants to renew the partnership between Europe and Africa ahead of a crucial summit between the two in February.

Alvin has secured $740,000 in pre-seed funding led by led by Ingressive Capital, with participation from Tahseen Consulting and leading angel investors like Paystack’s cofounder and Chief Executive Officer Shola Akinlade.