The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of up to $170 million to support the development of the game-changing 1.1 GW Suez Wind Project, currently Egypt’s largest wind energy initiative. The total project cost is estimated at $1.1 billion. The Bank’s financing is in addition to financing expected from a consortium of Development Finance Institutions (DFIs), banks, and financial institutions. The project has been […]

 The parents of a three-year-old boy are rejoicing after volunteers on board a charity hospital ship removed a large, painful growth from the side of his head—a condition that had been developing since before he was born.  Emmanuel’s mother, Manteneh, and father, Yirah, had sought help for most of his life, but doctors at local hospitals in northern Sierra Leone were unable to treat him beyond prescribing pain medication for […]

 Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced its role as Global Coordinator, Lead Co-Arranger, Underwriter, Bookrunner, and Guarantor in the successful syndication of an up to €2 billion facility for Bank of Industry (BOI), Nigeria’s largest and most impactful development finance institution. The transaction is a record global loan syndication for BOI, and marks the largest capital raise in its history, setting a new […]

 By Gbenga Oyebode, Board Chair of the African Philanthropy Forum (www.AfricanPF.org) For decades, Africa has grappled with a legacy of colonialism, political instability, and uneven economic development, leading to perceptions of the continent as one in need of external assistance and causing the label ‘the Dark Continent’ to take on a new connotation.  As the Dark Continent, Africa became an attractive destination for charitable interests, with a significant number of the […]

 Paul van Zijl, Group CEO at Starsight Energy (www.StarsightEnergy.com), believes it is. He maintains that we must apply a contextual lens and move away from all-or-nothing thinking, employing a holistic, phased and sustainable approach to the continent’s energy mix. It’s fair to say that the global imperative to ‘decarbonise’ – the shift from fossil fuels such as coal, natural gas or oil to carbon-free and renewable energy sources – has […]

 Shakwa Nyambe, the Managing Partner of SNC Incorporated (www.SNCLawGroup.com), has been recognised as a Highly Regarded Lawyer for Oil and Gas in Namibia by the IFRL1000 rankings of 2024. He is specifically recognised for his exceptional work in the practice area of Projects: Energy, with a focus on the Oil and Gas industry, further cementing his reputation as a world-renowned Energy, Oil and Gas, Natural Resource and Commercial Lawyer. IFLR1000 […]

 Namibia is the current global oil and gas hotspot and is ready to become the energy hub for sub-Saharan Africa, delegates to African Energy Week 2024: Invest in Namibia Energy, heard this week. In opening the session Tom Alweendo Minister of Mines and Energy called on African Nations to safeguard their socio-economic advantages from ongoing oil and gas operations. Namibia was doing this by ensuring its policies were geared to […]

  Creation of Interim Executive Committee to be chaired by John Elkann New CEO will be appointed in the first half of 2025 Full year 2024 financial guidance confirmed Stellantis N.V. (“Stellantis” or “the Company”) (www.Stellantis.com) announces that the Company’s Board of Directors, under the Chairmanship of John Elkann, accepted Carlos Tavares’ resignation from his role as Chief Executive Officer with immediate effect. The process to appoint the new permanent Chief […]

 Verdant IMAP (www.Verdant-CAP.com) is delighted to announce its recognition as Best Advisory Firm: Private Equity at the prestigious Africa Global Funds Awards. The accolade was presented during the Gala Awards Dinner on Thursday, November 14, 2024, at the renowned Mount Nelson Hotel in Cape Town, bringing together leading firms in African private equity and asset management. This award highlights Verdant’s significant contributions to the private equity M&Aecosystem across Africa. Over […]