Your curated selection of weekly Africa business and investment headlines.
Welcome to Afrika Vantage, your insider's guide to investing and doing business on the African continent. Stay informed about the Lobito Corridor with our "Thoughts on the Corridor" section, and keep up with general business trends across Africa through "Afrika Vantage."
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Headlines
🎦 South Africa’s Central Bank Governor Not a Fan of Bitcoin
🎦 AFC Raises $500 Million to Fund Lobito Corridor and More
📸 China Has Dwarfed US FDI Into Africa This Decade
📸 Africa Has No Fortune 500 Companies
Africa
🎦 South Africa’s Central Bank Governor Not a Bitcoin Fan
[video for subscribers only]
📰 Nigeria’s $700bn Mining Potential Draws Global Interest
Under British management, Nigeria was a notable player in mining and minerals. Now, as an oil-dependent nation, it aims to revive its mining industry through reforms and incentives to regain its former prominence… Read More
🎦 AFC Raises $500 Million to Fund Lobito Corridor and More
[video for subscribers only]
📰 France Offers to Fund Nigeria’s Mineral Exploration
Nigeria's request for funding in geological exploration reflects its commitment to strengthening its relationship with France and addressing gaps in resource assessment..… Read More
📸 China Has Dwarfed US FDI Into Africa This Decade
📰 Trump Aims to Turn DFC Into “Greatest SWF of Them All”
The Trump-created Development Finance Corporation is largely a dysfunctional and ineffective institution in its present state. Trump plans to reform it and create “the greatest sovereign wealth fund of them all”… Read More
📰 Zambia Looks to UAE and Saudi For Copper Expansion
Zambia seeks to reduce its reliance on China by attracting investment from the UAE and Saudi Arabia to boost copper production. The country aims to increase output to over 1 million tons in 2025, up from 720,000 tons in 2024.… Read More
📸 Africa Has No Fortune 500 Companies
📰 Dangote Under Threat from Decreasing Fuel Prices
Dangote’s refinery faces challenges matching the price of imported alternatives. The marketers will prioritize cheaper imports even over locally produced fuels… Read More\
📰 South Africa’s R84 Billion Chinese Smart City Not Looking Very Smart
Chinese developers promised the stars and moon for the Johannesburg “smart city” but haven’t delivered. What has been delivered is mostly affordable housing and low-end shopping malls and office parks… Read More
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📰 Pensana Closes $160 Million Loan Facility
UK-based Pensana owns Angola’s Longonjo rare earth mine, located along the Lobito Corridor. The company recently secured a $120 million loan facility, led by Absa Bank and supported by South Africa's export credit agency, to expand its operations.… Read More
