Our curated selection of weekly Africa business and investment headlines.
Welcome to Africa Vantage, the Africa business and investment section of the Emerging Real Estate Digest—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 "Africa Vantage."
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Headlines
🎦 Lobito Corridor: Anthony Carroll Shares DC Perspective; Jito Kayumba Shares Zambia’s
🎦 MTN Nigeria to Construct West Africa’s Largest Data Center in Nigeria
📖 Download: 2024 Knight Frank Africa Real Estate Report
Africa
📰 African Leaders are Preparing For Donald Trump's Next Act
President Trump is unlikely to pull the reigns on Africa engagement because the region has never been of more interest to America than it is now. After all, it has a vast and growing consumer market, packed to the gills with the minerals the world needs, and is a prime region where DC and Beijing will vie for influence. It was Trump who established the DFC which doubled the foreign investment capacity of the USG to $60 billion…Read More
📰 Dangote to Sell Shares of Refinery and Fertilizer Companies by Q1 2025
Dual listings are planned on both the London and Lagos stock exchanges. Dangote’s refinery has a capacity of 650,000 barrels per day, compared to Europe’s largest refinery which can handle 404,000 daily barrels…Read More
📰 Africa Set to Unite as Nigeria Launches Preferential Trade Under the AFCFTA
This move is significant because it signals Nigeria's commitment to the AfCFTA, which has the potential to create the world's largest free trade area, with over 1.2 billion people and a combined GDP of $2.5 trillion.… Read More
🎦 Lobito Corridor: Anthony Carroll Shares DC Perspective; Jito Kayumba Shares Zambia’s
[videos for subscribers only]
📰 Oasis Capital Ghana announces $100m for West African SMEs
The firm’s initial venture, the Ebankese Venture Fund (EVF), was a US$11 million fund dedicated to supporting Small and Medium Enterprises (SMEs) in Ghana. Following that success, Oasis Africa Fund I (OAF I) raised US$50.5 million and invested in SMEs across Ghana and Cote d’Ivoire…Read More
🎦 MTN Nigeria to Construct West Africa’s Largest Data Center in Nigeria
The data center will contain 1,500 racks surpassing the now largest in the region in Ghana which has 600 racks.
[videos for subscribers only]
📰 Tanzanian Fintech Raises $40 Million to Build Cross-Border Payments Platform
NALA has raised $40 million from Lauren Kolodny of Acrew Capital and other investors including DST Global, Amplo, Norrsken22 and HOF Capital… Read More
📖 Download: 2024 Knight Frank Africa Real Estate Report
[downloads for subscribers only]
📰 Namibia to Conduct Namibia-South Africa Hydrogen Pipelines Feasibility Study
“If successful, this pipeline could be the first intra-country hydrogen backbone in Africa, paving the way for the trade of more complex products in Southern Africa. This is a key step we are taking as we look to unleash the full potential of the African Continental Free Trade Area.” Tom Alweendo, Minister of Mines and Energy.… Read More
📰 Barrick Continues to Invest in Mali
Bristow noted that over the past 29 years Barrick had invested more than $10 billion in the Malian economy, with its mines accounting for between 5% and 10% of the country’s gross domestic product (GDP) annually…Read More
📷 The 13 Biggest Shopping Malls in South Africa
📰 Three of Nigeria’s Top Banks Raising Over $550 Million
Guaranty Trust Holding Company (GTCO) is raising NGN 400 billion ($253 million), Access Holdings Plc, parent of Access Bank Plc Nigeria’s biggest bank by assets, targets NGN 351bn ($222m) and FBNHoldings Plc, parent of Fidelity Bank, aims for NGN 127bn ($82m).… Read More
📰 Tanzanian Conglomerate Amsons Group Makes Record $180mn Bid for Bamburi Cement
The Tanzanian family-owned business has over $1 billion in annual turnover and the acquisition price represents a 44.44% premium to where the shares traded on the Kenyan stock exchange. The company is controlled by Holcim, the largest cement manufacturer in the world. Its exit from East Africa is notable… Read More
