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Africa50 has secured $50 million in new commitments for its Africa Green Infrastructure Accelerator — Project Development fund, known as AGIA-PD, from two European development finance institutions: Italy’s Cassa Depositi e Prestiti (CDP), which committed $40 million, and France’s Proparco. The announcement came at the 2026 Infra for Africa Forum and Africa50 General Shareholders’ Meeting […]
British International Investment, the UK’s development finance institution, has signed a Memorandum of Understanding with Africa50 and committed $20 million to Africa50’s Infrastructure Acceleration Fund (IAF), which is managed by Africa Infrastructure Investment Partners, a subsidiary of Africa50. The commitment was announced at the 2026 Infra for Africa Forum and Africa50 General Shareholders’ Meeting in
BII Commits $20m to Africa50’s Infrastructure Fund, Pushing Its War Chest Past $330m Read More »
Nigeria’s National Economic Council approved a refinancing of NNPC Limited’s oil-backed pre-export finance facility on 3 August 2026, replacing the remaining balance of the original $3.3 billion “Project Gazelle” arrangement with a new $4.5 billion structure — Project Gazelle 2. The transaction refinances approximately $1.5 billion still outstanding from the 2023 deal while unlocking an
Seplat Energy has signed a binding agreement to sell a 10% working interest in the assets held within its joint venture with NNPC Limited for approximately $281.6 million, a transaction first announced in 2025 and now advancing toward completion. The deal raises NNPC’s stake in the joint venture from 60% to 70%, while Seplat Energy
Douglas, Isle of Man / Kabanga, Tanzania — August 2026 Lifezone Metals has removed the last obstacle standing between it and full control of one of the world’s most valuable undeveloped nickel deposits. In a deal completed in July 2025, the NYSE-listed company bought out BHP’s remaining 17% stake in Kabanga Nickel Limited, consolidating 100%
Lifezone Buys Out BHP, Bets $942 Million on Tanzania’s Nickel Future Read More »
Dangote Group has secured a $2.5 billion private equity investment to support the expansion of its oil refinery and petrochemicals complex in Lagos, in a major capital move that could significantly increase Nigeria’s domestic refining capacity. The investment is expected to help expand the Dangote Petroleum Refinery’s capacity from its current 650,000 barrels per day
Dangote Secures $2.5 Billion Investment to Expand Lagos Refinery Read More »
The African Development Bank Group has approved a $100 million support package for the ECOWAS Bank for Investment and Development (EBID), aimed at strengthening the regional development bank’s financial capacity and expanding its ability to support economic and financial integration across West Africa. The package comprises a $30 million equity investment in EBID and a
AfDB Approves $100 Million Support Package for EBID to Strengthen Financing Capacity Read More »
African development banks and financial institutions are increasingly using debt guarantees to attract private investment into infrastructure as traditional development funding comes under pressure. The approach is designed to reduce the risks that often prevent pension funds, insurers, sovereign wealth funds and other institutional investors from financing large infrastructure projects. The Capital Gap The shift
African Banks Turn to Debt Guarantees to Unlock Infrastructure Capital Read More »