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A new report released by multilateral development banks and development finance institutions, including the European Investment Bank European Investment Bank, shows that global private finance mobilization reached record levels in 2024. According to the report, total private capital mobilized by MDBs and DFIs rose to $278.5 billion across all income groups, marking a 27% increase… [Read More]

Nigeria has approved a $500 million investment to modernize Murtala Muhammed International Airport in Lagos as part of efforts to improve aviation infrastructure and strengthen connectivity. According to Aviation Minister Festus Keyamo, the funding will be used to upgrade airport facilities, enhance operational efficiency, and improve access to one of Africa’s busiest airports. The modernization… [Read More]

The European Investment Fund European Investment Fund has announced a €25 million anchor investment into Yield Lab Europe Fund 2, a new €100 million agrifood-focused venture capital fund aimed at accelerating innovation in sustainable agriculture across Ireland and Europe. The commitment, backed by the InvestEU programme, is designed to address structural challenges in the agrifood… [Read More]

The European Investment Bank European Investment Bank has signed a €40 million financing agreement with the City of Naples to support a wide-ranging urban regeneration and sustainable development programme aimed at improving housing, infrastructure, and climate resilience. The funding will contribute to the implementation of Naples’ 2025–2027 Investment Programme and its broader strategic vision for… [Read More]

The Africa Centres for Disease Control and Prevention (Africa CDC) and the World Health Organization (WHO) have launched a comprehensive $518 million Ebola preparedness and response plan to address the ongoing outbreak of the Bundibugyo strain of the virus. The six-month initiative, scheduled to run from June through November 2026, aims to strengthen the capacity… [Read More]

Finnish deep-tech company Wirepas has received €24 million in financing from the European Investment Bank European Investment Bank to accelerate the development of its self-repairing, large-scale wireless connectivity technology for industrial and commercial Internet of Things (IoT) applications. The funding, structured as venture debt and backed by the InvestEU programme, will support research, development, and… [Read More]

Vista Bank Group has secured a major syndicated financing package worth approximately $142.3 million to strengthen its trade finance operations across African markets. The facility was arranged by Crown Agents Bank, a United Kingdom-based specialist financial institution focused on banking services, foreign exchange, and cross-border payments. The transaction provides Vista Group with €105 million (approximately… [Read More]

The Rockefeller Foundation The Rockefeller Foundation has announced the mobilization of more than $450 million in combined philanthropic, private, and public sector funding aimed at expanding opportunity across U.S. communities through its “Big Bets for America” initiative. The announcement was made during the latest convening in Cleveland, where over $350 million in new commitments were… [Read More]

Federated Hermes, Inc. Federated Hermes, Inc. has introduced its first money market fund designed to comply with the GENIUS Act, marking a significant step toward aligning traditional liquidity management with emerging digital asset infrastructure. The newly launched Federated Hermes Money Market Management Digital Treasury Fund–Reserve Shares is structured to meet reserve and liquidity requirements expected… [Read More]

West Africa significantly intensified its efforts to combat illegal, unreported, and unregulated (IUU) fishing during the first half of 2026 through a combination of policy initiatives, regional cooperation, maritime surveillance operations, and civil society engagement. These actions reflect growing recognition that IUU fishing represents not only a maritime security challenge but also a major threat… [Read More]

Egypt has signed a major agreement with Alcazar Energy to invest $420 million in the operation, modernization, and long-term maintenance of the Gabal El Zeit wind complex, one of the country’s largest renewable energy facilities. Located along the Red Sea coast, the 580-megawatt wind farm plays an important role in Egypt’s clean energy strategy and… [Read More]

Uganda has emerged as Africa’s leading electric motorcycle market, recording more than 30,000 electric two-wheeler sales in 2025 and accounting for approximately 43 percent of all electric motorcycle sales across the continent. According to the International Energy Agency’s Global EV Outlook 2026, Uganda has become one of Africa’s fastest-growing electric mobility markets, significantly outperforming many… [Read More]

Michigan is entering the final phase of a historic $273 million investment in state parks, trails, and recreational facilities funded through the American Rescue Plan Act (ARPA). As part of Governor Gretchen Whitmer’s Building Michigan Together Plan, the funding was allocated to address decades of infrastructure maintenance needs, improve visitor experiences, and expand outdoor recreation… [Read More]

Ecobank Ghana has been appointed to coordinate a $200 million financing package for the second phase of expansion of Sentuo Oil, Ghana’s first private oil refinery. The agreement was formalized through a memorandum of understanding signed in Accra, with Ecobank tasked with assembling a syndicate of local, regional, and international lenders to raise the required… [Read More]

The United Arab Emirates (UAE) is increasingly positioning itself as a major financial and strategic partner in Africa’s mining sector, providing capital to governments seeking greater control over valuable natural resources. The latest example comes from Botswana, which is exploring potential support from the UAE to help finance a larger stake in De Beers following… [Read More]

The South Australian Government has launched the THINK! Road Safety Community Grants Program, providing $200,000 in funding to support local initiatives that promote road safety education and awareness. The new program is designed to help councils, schools, charities, sports clubs, and community organizations develop projects that encourage safer road use and foster lifelong road safety… [Read More]

Antwerp-based venture capital firm Pitchdrive has successfully closed its fourth investment fund at €60 million, despite receiving subscription requests exceeding €85 million. The firm deliberately capped the fund size and reduced commitments from investors to maintain its focused investment strategy. All capital was sourced from entrepreneurs and family offices, reflecting strong confidence in Pitchdrive’s founder-led… [Read More]

Rylo, formerly known as Nagish, has secured $85 million in growth funding in a round led by General Catalyst’s Customer Value Fund, with participation from Canaan, Vertex Ventures, and Contour. The latest investment pushes the company’s total funding beyond $100 million and reflects growing investor confidence in AI-driven accessibility technologies. Based in Tel Aviv and… [Read More]

South African private rail operator Traxtion has secured $86 million in funding to expand its rolling stock and support a broader 3.4 billion rand investment program aimed at strengthening its freight rail capabilities. The company is positioning itself to benefit from expected growth in rail freight demand as South Africa continues to open its rail… [Read More]

The African Development Bank (AfDB) is shifting its financing strategy in Senegal by placing greater emphasis on private capital to support the country’s next phase of transport infrastructure development between 2026 and 2031. This approach is designed to address rising debt pressures while still enabling large-scale infrastructure expansion. Under the new strategy, non-sovereign operations—financing provided… [Read More]

Namibia is strengthening its cybersecurity capabilities as the country expands its digital government services and faces a sharp rise in cyber threats. The government has launched a new three-year partnership between the Namibia Institute of Public Administration and Management and the Global Cybersecurity Centre to enhance cyber awareness and technical skills across the public sector…. [Read More]

Lesotho has secured a landmark $6.2 billion investment agreement with U.S.-based Convalt Energy to develop a large-scale hydropower plant and an artificial intelligence data center. The project is the largest investment commitment in the country’s history and aims to position Lesotho as a hub for both clean energy and advanced digital infrastructure. The proposed development… [Read More]

Nigeria’s Rural Electrification Agency (REA) has launched the construction of a mini-grid project in Egume, located in Dekina Local Government Area of Kogi State, as part of efforts to expand electricity access in rural communities. The project is designed to improve energy supply reliability and support local development through decentralized renewable energy systems. The mini-grid… [Read More]