investment

The ambitious billionaire Elon Musk is making waves yet again. His satellite internet venture, Starlink, is setting its sights on a hefty R2 billion investment—roughly $112.7 million—in South Africa. This investment appears to be a strategic move to navigate the complexities of the country’s Black Economic Empowerment (BEE) requirements. But what does this mean for both Starlink and the South African landscape? Starlink has openly expressed its intent to forge partnerships with local South African businesses to…

Rwanda and Democratic Republic of Congo Sign Landmark Peace Agreement On a momentous Friday, Rwanda and the Democratic Republic of Congo (DRC) ushered in a new chapter in their tumultuous relationship by signing a U.S.-brokered peace agreement. This development raises a collective hope that the rampant violence, which has claimed thousands of lives and displaced countless individuals throughout the year, may finally be quelled. As tensions have persisted for decades, can this agreement truly herald an era of peace? The…

Afreximbank: A Catalyst for Change in Africa’s Energy Sector In a noteworthy development, Prof. Benedict Oramah, President and Chairman of the Board at Afreximbank, recently shared significant strides the organization has made during the closing session of its 32nd Annual Meetings. His insights offered a profound glimpse into how targeted financial interventions can reshape an entire continent's energy landscape. Oramah introduced the concept of what he refers to as “African Best…

On June 24, 2025, Namibia took center stage at the "Invest in Namibia" Forum, held in the vibrant city of Luanda, Angola. This esteemed gathering was part of the 17th USA-Africa Business Summit, a platform designed to foster dialogue and collaboration between the two regions. Her Excellency President Dr. Netumbo Nandi-Ndaitwah delivered an inspiring keynote address, meticulously outlining Namibia's strategic vision for the future. As she spoke, attendees couldn’t help but feel a palpable sense of enthusiasm. President…

In a significant step towards enhancing regional energy infrastructure, HYDRO-LINK, a specialized company based in the United States, has embarked on an ambitious project to construct a 1,150-kilometer (720 miles) electricity transmission line linking Angola and the Democratic Republic of the Congo (DRC). This $1.5 billion endeavor is anchored by a recent memorandum of understanding with the Angolan government. The DRC, endowed with a wealth of minerals, faces an acute challenge: an erratic power supply that stifles its…

The U.S. Steps Up in Africa: Investment in the Lobito Corridor Project The U.S. International Development Finance Corporation (DFC) is on the brink of finalizing a remarkable financing agreement exceeding $500 million for the Lobito Corridor. This ambitious railway initiative aims to facilitate the transportation of vital minerals from Central Africa's renowned copper belt to Angola's bustling Atlantic coast. It’s not just another infrastructure project; it represents a strategic avenue for growth, development, and…

Business leaders and influential figures from across Africa have converged in Luanda, Angola, for the much-anticipated 17th U.S.-Africa Business Summit. This significant event is organized by the Corporate Council on Africa and proudly hosted by the Angolan government. Participants range from heads of state representing nations such as Algeria, Botswana, and Ethiopia to policymakers and industry leaders eager to explore new opportunities and forge stronger economic collaborations. Imagine the bustling atmosphere of the…

A Transformative Agreement: China and Malawi Collaborate in Mining On June 16, 2025, a significant milestone was established during the China-Africa Economic and Trade Expo (CAETE) held in Changsha, China. The memorandum of understanding (MoU) signed on that day promises to reshape the economic landscape of Malawi, particularly through a large-scale titanium extraction initiative in Salima, alongside the development of a cutting-edge mineral processing facility. This venture is more than just another deal; it’s a…

In a notable development for the African continent, Aliko Dangote, the billionaire businessman and founder of the Dangote Group, recently announced plans to expand operations into Namibia. This announcement came shortly after the completion of what is now the world’s largest oil refinery. During a high-profile meeting with President Netumbo Nandi-Ndaitwah in Windhoek, Dangote articulated his fervent vision for Africa's future—one where local entrepreneurs play a pivotal role in the continent's development. The…

In a significant move that underscores its commitment to the region, Nordgold has solidified its foothold in West Africa with the recent acquisition of a vital gold project in Burkina Faso. This strategic expansion not only highlights the company's ambitions but also symbolizes the strengthening economic ties between Burkina Faso and Russia—an evolving relationship that carries both promise and complexity. At the recent #SPIEF2025 event, Nordgold’s CEO Georgi Smirnov delivered an insightful presentation on the…