News On The Go

04/06/2026

The Africa Finance Corporation (AFC) has secured a record $2 billion syndicated loan facility, the largest fundraising transaction in its history, after strong demand from global and regional lenders pushed the deal above its initial $1.6 billion target.

The funding sends a strong signal that investors remain confident in Africa’s long-term growth story, particularly in infrastructure, industrialization, energy, transport, and digital connectivity.

“Africa’s infrastructure gap remains one of the continent’s biggest economic challenges. Access to long-term capital is critical to unlocking growth, creating jobs, and strengthening regional trade.”

Since its launch in 2007, AFC has invested more than $19 billion across 36 African countries, backing transformative projects including Nigeria’s Dangote Refinery and major industrial developments across the continent.

With support from 48 African member states and leading financial institutions, the latest capital raise is expected to accelerate strategic projects that could shape Africa’s next phase of economic development.

📌Tap the comment below to read the full story.

04/06/2026

Raya Holding is reshaping its logistics footprint with a fresh capital move in Egypt’s deal market. The conglomerate has agreed to sell a 90% stake in its fleet and logistics arm Ostool to Ascom in a $12.4 million transaction.

Backed by valuation approval from Ascom and independent assessment, the deal reflects a notable premium over earlier estimates, underscoring investor appetite for transport and outsourcing assets in Egypt.

Raya Holding recently reported softer profits but stronger revenue growth, driven by outsourcing expansion, rising offshore demand, and improved utilization across delivery centers.

Egypt remains the group’s core market, contributing over 80% of revenue, while Gulf and European operations continue gradual expansion across multiple service lines.

Founded in 1999, the firm is now focusing on AI-driven efficiency, selective acquisitions, and regional diversification across high-growth outsourcing markets.

The latest divestment highlights ongoing consolidation in Egypt’s services sector as companies reposition for scale, margin stability, and cross-border competitiveness in a tightening global outsourcing landscape. Investors are watching closely for next strategic moves in the region.

📌Tap the comment below to read the full story.

04/06/2026

Abu Dhabi’s real estate boom just hit a new ex*****on milestone.

ORA Developers, led by Egyptian billionaire Naguib Sawiris, has officially begun main construction works on Phase 1 of its BAYN master development in Ghantoot.

The AED1.9 billion ($517 million) phase, awarded to Dubai-based UNEC, will deliver 614 homes across villas and townhouses within a 9.6 million sqm coastal community.

Spanning beachfronts, lagoons, a marina, and sports infrastructure, BAYN is designed as one of Abu Dhabi’s most ambitious mixed-use destinations.

Total development value is projected at AED30 billion ($8.17 billion), with phased delivery beginning in 2028 across multiple clusters already under varying stages of completion.

Backed by a broad consortium of global consultants and contractors, the project signals strong momentum for Gulf mega-developments in 2026.

With early sales momentum and infrastructure ex*****on already underway, BAYN positions ORA Developers as a key player shaping Abu Dhabi’s next-generation coastal real estate landscape for long-term growth strategy in region.

📌Tap the comment below to read the full story.

04/06/2026

A $68.5 million bet on luxury, location, and long-term value is redefining South Africa’s coastal economy.

Vivian Reddy’s Oceans Mall is more than a retail center, it’s the centerpiece of a R4.3 billion ($263.64 million) mixed-use vision transforming uMhlanga into one of KwaZulu-Natal’s most sought-after lifestyle and investment hubs. Backed by institutional capital and anchored by premium retail, hospitality, and residential offerings, the development signals a powerful shift in how private wealth is reshaping urban spaces.

But beyond the glass storefronts and ocean views lies a deeper story: thousands of jobs created, a strong push for black-owned retail participation, and a strategic blend of public and private investment.

From engineering roots to building a diversified empire, Reddy is not just developing property, he’s helping redefine the blueprint for modern African cities.

Is this the future of coastal urban development in Africa?

📌Tap the comment below to read the full story.

16/05/2026

16/05/2026

South Africa’s fibre broadband market is entering a new consolidation phase after ICASA approved Vumatel’s acquisition of Herotel, clearing the final regulatory hurdle for a deal that brings together two of the country’s most influential fibre operators under Maziv.

The decision follows earlier Competition Tribunal approval and enables the transfer of licences and full integration of Herotel into Vumatel’s open-access ecosystem.

The combined group pairs Vumatel’s strong urban footprint across major metros with Herotel’s fast-growing presence in secondary towns and rural communities, accelerate fibre rollout and narrow South Africa’s digital divide.

Maziv says the integration will expand broadband access, improve service choice, and unlock network efficiencies, while maintaining competition safeguards imposed by regulators.

Herotel leads FTTH home connections outside major cities, while Vumatel continues to scale connectivity, including 1,000 connected schools through free broadband programme.

Together, the groups aim to reshape South Africa’s connectivity map from cities to underserved regions.

📌Tap the comment below to read the full story.

16/05/2026

Access to finance remains one of the biggest barriers holding back Africa’s small businesses, but a new deal in Rwanda could help change that.

I&M Bank Rwanda has secured a €25 million ($29.06 million) portfolio guarantee from Proparco, targeting MSMEs, startups, and high-impact sectors like agriculture, healthcare, and green energy.

The initiative, unveiled at the Africa CEO Forum 2026 in Kigali, places a strong emphasis on women- and youth-led businesses, segments critical to job creation and long-term economic growth.

By easing collateral requirements, the partnership is designed to unlock lending for entrepreneurs who have ideas and ambition, but lack traditional assets.

Why this matters: MSMEs are the backbone of African economies, yet remain chronically underserved by financial institutions. Guarantee-backed financing is fast becoming a key tool to bridge that gap.

Could this signal a new wave of risk-sharing models across Africa’s banking sector?

📌Tap the comment below to read the full story.

16/05/2026

Ghana has secured a staff-level agreement with the International Monetary Fund (IMF) on the final review of its $3 billion Extended Credit Facility programme, marking a decisive step toward exiting one of its most difficult economic adjustment periods in decades.

The agreement follows a multi-year stabilization effort launched in 2022 after Ghana lost market access amid rising debt pressures, currency volatility, and global shocks including the pandemic and tighter financial conditions.

According to the IMF, Ghana’s 2025 growth has exceeded expectations, supported by stronger gold export revenues that helped stabilize fiscal accounts and ease pressure on foreign exchange reserves.

Inflation has eased significantly, while fiscal discipline and revenue reforms have improved market confidence after years of volatility.

With IMF Executive Board approval still pending, Ghana is shifting from crisis management to a policy coordination framework aimed at strengthening long-term resilience and attracting private investment.

Signals renewed investor confidence across regional markets

📌Tap the comment below to read the full story.

15/05/2026

ZCCM Investments Holdings Plc., a Zambian diversified mining and energy investment holding company, is seeking to increase its ownership in key mining projects as Zambia positions itself at the center of the global race for critical minerals needed for electric vehicles and clean energy infrastructure.

Chief Executive Officer Kakenenwa Muyangwa said the company is pursuing larger minority stakes in mining assets strictly through commercial negotiations rather than compulsory acquisitions, signaling a more market-driven strategy as African governments seek greater participation in natural resource wealth.

The move comes as Zambia, Africa’s second-largest copper producer, accelerates plans to raise annual copper output to 3 million metric tons by 2031, more than triple current levels. Copper has become one of the world’s most sought-after metals as demand surges from battery manufacturers, renewable energy developers and electric vehicle supply chains.

ZCCM currently holds minority interests in several major mining operations, including projects linked to China Nonferrous Metal Mining Group, First Quantum Minerals and Vedanta Resources.

📌Tap the comment below to read the full story.