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UK, IFC sign $3.1 million deal to expand agribusiness financing in DR Congo

UK and IFC have signed a $3.1 million deal to expand agribusiness financing in DR Congo, boosting credit access for farmers and SMEs sector.

Feyisayo Ajayi April 16, 2026

Featured

Kenya’s Uchumi Supermarkets flags $55 million insolvency ahead of first AGM in eight years

Uchumi Supermarkets, under restructuring, says it is Ksh7.05 billion ($55 million) insolvent as of June 2025, signaling financial strain ahead of AGM.

Feyisayo Ajayi April 16, 2026

Stellantis, Microsoft expand 5-year AI deal for cloud and car tech push

Artificial Intelligence

Stellantis, Microsoft strike 5-year AI deal with Africa in focus

Stellantis and Microsoft have agreed to a five-year partnership that deepens their collaboration in artificial intelligence, cloud computing, and cybersecurity. The companies say the deal is aimed at reshaping how Stellantis designs, builds, and manages vehicles as the auto industry moves further into software-led systems. The agreement reflects a broader push by global carmakers to rely more heavily on technology firms as vehicles become increasingly connected and dependent on digital services. It also signals how traditional manufacturers are adjusting to…

Oluwatosin Alao April 16, 2026

Featured

South Africa’s Tharisa advances $391 million to complete phase 1 of Karo project in Zimbabwe

Tharisa nears full financing for its $391 million Karo Platinum project in Zimbabwe, targeting first production by H2 2027.

Feyisayo Ajayi April 16, 2026

OCP workers operating at a phosphate production facility in Morocco.

Featured

Morocco’s OCP raises $1.5 billion in first international hybrid bond

OCP raises $1.5 billion hybrid bond, attracting about $7 billion in orders from global investors across 23 countries.

Omokolade Ajayi April 16, 2026

Africa vaccine production

South Africa’s Biovac lands $89 million to expand Africa vaccine production capacity

Biovac lands $89 million to scale vaccine manufacturing in Africa, targeting cholera, polio, and boosting regional health security.

Timilehin Adejumobi April 16, 2026

Maryse Mbonyumutwa, Pink Mango Founder & CEO

African fashion exports

Meet Maryse Mbonyumutwa, founder turning Rwanda’s Pink Mango into global brand

Maryse Mbonyumutwa is building a fashion business from Kigali with a clear focus: make Africa a reliable base for global apparel production while keeping jobs, skills and value on the continent. The Rwandan entrepreneur is the founder and chief executive of Pink Mango, a garment manufacturer, and Asantii, a fashion label rooted in African design. She is also the granddaughter of Dominique Mbonyumutwa, Rwanda’s interim first president, a link to history that sits alongside a distinctly modern business agenda. Rwanda…

Timilehin Adejumobi April 16, 2026

Trafigura seals $1 billion Gabon oil deal, secures supply, boosts funding

Africa energy

Trafigura pays $1 billion for Gabon oil, tightening grip on Africa output

Singapore-based commodities trader Trafigura has agreed to a $1 billion prepayment deal with Gabon, securing future crude supplies in a move that highlights the growing use of oil-backed financing across Africa. The agreement gives Gabon immediate access to funds at a time when many resource-rich economies are looking for ways to steady public finances and fund development without taking on traditional debt. For Trafigura, the deal offers something just as important: reliable, long-term access to crude in a competitive global…

Oluwatosin Alao April 16, 2026