Business
Africa Business Investment Summit Puts $4 Billion in Deals Before US Capital, Targets $500 Million in Signed Commitments
The inaugural Africa Business Investment Summit (ABIS) 2026 is underway at MGM National Harbor in the Washington DC metro area, running August 27 to 28 as the centerpiece of Millennium Excellence Week America. Convened by the Millennium Excellence Foundation under the patronage of Otumfuo Osei Tutu II, Asantehene of the Asante Kingdom, the summit has
Ventures Platform closes $84 million second fund, above target, with EBRD and Norfund joining
Abuja-based venture firm Ventures Platform — an early backer of Paystack and Moniepoint — has closed its second institutional fund at $84 million, beating its $75 million target. The raise is notable less for the number itself than for the context: the six African venture funds that reached final close in all of 2025 raised
AFC Launches $150 Million Climate-Resilient Infrastructure Fund in Nigeria
August 25, 2026 AFC Capital Partners, the asset-management subsidiary of Africa Finance Corporation (AFC), has launched a $150 million Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria) aimed at mobilising domestic institutional capital for infrastructure investment in Nigeria. The fund has been registered with Nigeria’s Securities and Exchange Commission (SEC) as a closed-end fund and is targeting
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Tony Elumelu’s Seplat Stake Crosses $1 Billion — Up From $500m in Under Eight Months
Tony Elumelu’s investment vehicle, Heirs Holdings, acquired a 20.07% stake in Seplat Energy — 120.4 million shares — from French energy company Maurel & Prom in a transaction that closed on 30 December 2025, at £3.05 per share, valuing the deal at approximately $496–500 million. Eight months on, that stake is worth more than $1
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Bank of Industry’s Maiden N250bn Bond Oversubscribed as Institutional Investors Show Strong Appetite
The Bank of Industry Limited (BOI) says its maiden N250 billion Series 1 Fixed Rate Bond closed oversubscribed within five working days, following strong demand from institutional investors. The bond was issued through BOI Financing SPV Plc under the bank’s $1 billion Multi-Currency Instruments Programme. It drew participation from Pension Fund Administrators, commercial banks, Development
Africa’s Biggest Capital Raises to Watch in 2026
Africa’s financing landscape is entering a defining period as governments, corporates and development finance institutions seek fresh capital to fund infrastructure, industrial expansion and economic transformation. While project announcements often dominate headlines, it is capital mobilisation that ultimately determines whether these initiatives move from concept to execution. Several high-profile transactions are therefore worth close attention,
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Five African Infrastructure Projects Entering Procurement Before Year-End
Major infrastructure programmes across Africa are entering a decisive phase as governments, development finance institutions and private investors shift their focus from financing commitments to project delivery. While many of these initiatives have been under development for years, the coming months are expected to bring increased procurement activity, contract awards and implementation milestones. For engineering
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