Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has played a pivotal role as Co-Financial Adviser in securing a landmark US$753 million financing package for Angola’s Lobito Atlantic Railway (LAR). The agreement, signed alongside Eaglestone, will drive the rehabilitation,…

South African President Cyril Ramaphosa has delivered a message of optimism to the nation, highlighting progress in the economy and outlining priorities for 2026 following a challenging year in 2025. In his New Year’s address, President Ramaphosa acknowledged the hardships…

Nigerian billionaire and investor Tony Elumelu, through his energy company Heirs Energies, has acquired a 20 percent equity stake in Seplat Energy, Nigeria’s largest independent oil and gas explorer, in a transaction valued at approximately $500 million. The stake was…

South Africa’s billionaires recorded a remarkable financial windfall in 2025, collectively earning an estimated R382 million every day, even as millions of citizens battled rising living costs and economic pressure. According to Forbes billionaire tracking, seven of the country’s wealthiest…