Category: Key developments

Ethiopia has signed investment agreements valued at approximately $13.1 billion, marking one of the largest recent foreign direct investment (FDI) inflows announced in Africa.

A South African fintech startup, Scale, has entered into a strategic partnership with global payments firm Mastercard to simplify how businesses issue payment cards across parts of Africa.

British International Investment (BII) has announced a $150 million risk-sharing agreement with Deutsche Bank, marking the first collaboration between the UK development finance institution and the German lender.

Microsoft has announced plans to train three million people across Africa in artificial intelligence (AI) skills in 2026, marking a significant expansion of its efforts to grow its presence on the continent and respond to rising competition from alternative AI platforms.

In 2025, the European Investment Bank’s development arm, EIB Global, committed €3.1 billion across Africa.

Beltone Holding has introduced a new private equity division designed to support companies as they grow from early financing rounds to the verge of going public, marking a significant expansion of its investment services.

The African Development Bank Group (AfDB) and the United Nations Development Programme (UNDP) have announced a major new plan aimed at expanding the use of artificial intelligence (AI) across Africa to foster inclusive economic growth and create jobs.

The Government of Rwanda and Anthropic, a U.S.–based artificial intelligence research company, have formalised a three-year memorandum of understanding to extend the use of AI across key national systems, including health, education, and public services.

Skoot Technology has officially introduced its Skoot e3W, an electric three-wheeler for commercial drivers in Kenya, featuring SUN Mobility’s swap-and-go battery technology and distributed locally by Car & General.