Lagos, Nigeria//-Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced a US$1 billion Unfunded Managed Debt Mobilisation Program (UMDMP) with Munich Re, one of the world’s leading reinsurers.
Lagos, Nigeria// – Madica, a structured pre-seed investment program for African startups, today announced $6M in additional capital from Flourish Ventures to extend its investment pilot by three years.
Doha, Qatar //- At the 9th World Investment Forum in Doha, four trade and investment promotion agencies and one special economic zone received the 2026 United Nations Investment Promotion Awards: the Caribbean Export Development Agency, the Ethiopian Investment Commission, Invest KOREA, Invest Qatar and Tanger Med Zones (Morocco).
Accra, Ghana//-Northern Ashanti Mines Company Limited has filed an injunction application seeking to stop a government takeover of its Konongo concession, warning that about $110 million in committed expenditure is at risk.
Conakry, Guinea// — The African Development Bank Group (AfDB) (www.AfDB.org) and UK Export Finance (UKEF), the United Kingdom’s export credit agency, have signed a Memorandum of Understanding (MoU) to strengthen cooperation on co-financing projects across Africa and mobilise additional resources for the continent’s sustainable development.
Ghanaian businesses must build lasting strength beyond government contracts to become business giants, the Chief Executive Officer of the Ghana Investment Promotion Authority (GIPA), Simon Madjie, said.
Côte d’Ivoire// – Kong Solaire SAS, a project company owned by Africa Via, Axian and the Private Infrastructure Development Group (PIDG) through InfraCo, its project development solution, has signed a financing agreement with FMO, the Dutch entrepreneurial development bank, for the Kong solar photovoltaic power plant in Côte d’Ivoire.
Ghana’s decision to seek BRICS partner status has raised questions about its exposure to US President Donald Trump’s tariff threats, including an additional 10% levy for countries aligning with what the US president calls the grouping’s “anti-American policies” and a separate 100% warning tied to replacing the US dollar.
Nairobi, Kenya// – Shelter Afrique Development Bank (ShafDB) today launched its first sustainable bond issuance, worth FCFA 60 billion (approximately $100 million). The issuance will mobilise local-currency resources to finance affordable and sustainable housing projects in the West African Economic and Monetary Union (WAEMU) region.
Chairman of Heirs Holdings, Tony Elumelu, has called for a fundamental shift in Africa’s development model from dependence on foreign aid to trade, investment, entrepreneurship and private sector-led growth.
