Category: Key developments

Egypt’s National Telecommunications Regulatory Authority (NTRA), Telecom Egypt, and Huawei have completed Africa’s first trial of mobile services using the upper 6 GHz band, achieving data speeds of approximately 1.7 gigabits per second for each user.

African startups and growth companies raised $224 million in July, lifting total funding for the first seven months of 2026 to $1.66 billion.

Africa50, the Tanzania Petroleum Development Corporation (TPDC) and TAQA Arabia have signed an agreement to invest in, develop and operate the first phase of a small-scale liquefied natural gas project in Tanzania.

British International Investment (BII) and Africa50 have signed a memorandum of understanding to expand joint infrastructure investment across Africa, with the UK development finance institution committing $20 million to the Africa50 Infrastructure Acceleration Fund.

Explore how AI, digital payments and AfCFTA are shaping the future of agentic payments in Africa, and why the continent is poised for autonomous commerce.

The African Union Development Agency (AUDA-NEPAD) and X Green Capital have launched the Africa Green Transition PPP Fund (AGTPF), a new investment platform designed to accelerate financing for green infrastructure projects across Africa.

Raxio Group has increased its committed capital to more than $380 million after existing shareholders Meridiam and Roha injected additional equity to support the company’s next phase of expansion across Africa.

Africa’s food and agribusiness market is projected to reach $1 trillion by 2030, positioning the sector among the continent’s largest long-term economic opportunities.

Nigeria’s Bank of Industry (BOI) has appointed Kuramo Capital Management as fund manager for the $170.6 million DICE Fund of Funds.