Category: Africa-Caribbean News

Village Capital backs two Ghanaian startups with $350,000 from latest fund

Mr Mohammed

By Opeyemi Kareem,First Published,6th May, 2026 Village Capital, a global nonprofit that backs high-impact startups across emerging markets, has deployed $350,000 from its latest fund into two Ghanaian startups, marking the first investments from a vehicle designed to channel capital to early-stage African companies building essential services. The funding comes from the Africa Ecosystem Catalysts Facility (AECF), a $4 million investment fund launched in July 2025 in partnership with the Dutch Entrepreneurial Development Bank and the Netherlands Enterprise Agency. The facility targets startups addressing economic mobility and climate resilience through locally grounded…

Africa could replace lost Middle East oil supplies – Nigeria tells global investors

Mr Mohammed

Segun Adeyemi, Africa Business Insider,First Published,07 May 2026 08:24 AM Nigeria and several African oil-producing nations could benefit from a major global supply gap created by escalating tensions in the Middle East, according to Nigeria’s upstream petroleum regulator, which says the continent is increasingly being viewed as a critical alternative source of crude oil and natural gas. Africa is emerging as a key alternative oil supplier after an estimated 10 million barrels per day were removed from the global market due to Middle East tensions. Nigeria’s oil regulator says declining…

Ghana signs gas deal with Eni, others to increase production at OCTP by 2028

Mr Mohammed

Ghana has signed a key term sheet agreement to expand its domestic gas capacity. The deal which brings together Eni Ghana E&P, Vitol Upstream Ghana Limited and the Ghana National Petroleum Corporation (GNPC) is to advance the next phase of the Offshore Cape Three Points (OCTP) project. The agreement signed on Tuesday May 5, 2026 by the Minister of Energy and Green Transition, John Jinapor formalises commercial principles for the proposed Non-Associated Gas (NAG) Upgrade Project and marks a transition from earlier strategic intent to execution-focused planning. Eni serves as…

It costs more to ship from Lagos port to Accra than from Spain to Lagos – Dangote

Mr Mohammed

Africa’s richest man, Aliko Dangote, has said it is often more expensive to ship goods from Lagos to Accra than from Spain to Nigeria. Aliko Dangote says that shipping within Africa, such as from Lagos to Accra, is often more expensive than shipping from Europe to Africa. He points to structural barriers like weak transport systems and fragmented trade corridors as obstacles to intra-African commerce and economic integration. His Dangote Group operates in 17 African countries, dominating cement production and expanding with significant investments in cement, oil refining, and fertiliser…

Air Ghana acquires Boeing 737 Freighter to strengthen regional trade

Mr Mohammed

Air Ghana has acquired a Boeing 737-400 freighter, which landed in Ghana on Tuesday, May 5, marking a significant boost to the country’s air cargo capacity. The arrival of the aircraft is expected to enhance cargo transport services, improve delivery timelines, and support trade within Ghana and across the West African sub-region The aircraft acquisition forms part of Air Ghana’s strategy to enhance cargo transport services and facilitate trade within Ghana and across the West African sub-region. Chief Executive Officer of Air Ghana, Karim Traboulsi, earlier said the addition of the freighter…

Mozambique signals move to join Africa’s mining revolution with 15% state stake and export ban

Mr Mohammed

Mozambique is moving to tighten control over its vast mineral wealth, proposing sweeping reforms that will grant the state a minimum 15% stake in all mining projects while banning the export of unprocessed minerals. Mozambique plans sweeping mining law reforms to give the state at least a 15% stake in all projects and ban the export of unprocessed minerals. The reforms aim to increase state participation, encourage local mineral processing, and ensure more value remains in the country. New rules will overhaul licensing, require 10% of mining revenues for local…

Defending Ghana’s US$1 billion claim of Blue Gold Ltd. at Permanent Court of Arbitration

Mr Mohammed

A-G hires Atuguba and Associates to assist   UPDATED about 17 hours ago,The Law Platform Online   The Office of the Attorney-General and Ministry of Justice has engaged Gateley Legal and Atuguba and Associates to assist Ghana’s legal team defend the claim of US$1 billion in damages brought by Blue Gold Ltd. against the Republic of Ghana.   The Office of the Attorney-General and Ministry of Justice has engaged Gateley Legal and Atuguba and Associates to assist Ghana’s legal team defend the claim of US$1 billion in damages brought by…

Getting Ghana to 2026 World Cup…Ibrahim Mahama Pays first $2 million of a $5 million Pledge

Mr Mohammed

Adekunle Agbetiloye,Business Insider Africa,First Published,02 May 2026 08:40 AM Multi-millionaire Ibrahim Mahama has paid the first $2 million of a $5 million pledge through his company, Engineers and Planners, to support Ghana’s push for the 2026 World Cup. Ibrahim Mahama, through Engineers and Planners, has paid the first $2 million of his $5 million pledge to support Ghana’s 2026 World Cup campaign. The payment was formally handed over to Deputy Finance Minister Thomas Nyarko Ampem on April 30, 2026, although the money had already been transferred. The fundraising drive aims…

AFRICA FINANCE IN BRIEF: Dangote IPO ambitions meet oil shocks and inflation pressure

Mr Mohammed

Bunmi Bailey,Business Day,Nigeria ,First Publsihed,May 2, 2026 The final week of April showed how Africa’s financial landscape is being reshaped by a mix of structural ambition and external shocks. From Aliko Dangote’s landmark refinery, Initial Public Offer plans to coordinated regional oil strategies and rising inflation pressures, policymakers and corporates are navigating a more complex environment—balancing growth, energy security and macroeconomic stability. Africa’s capital markets are heading for a defining moment as Aliko Dangote prepares to list a stake in his oil refinery—an offering that could rank among the largest initial public offerings…

Africans Back Media, Freedom Still Questioned

Mr Mohammed

Most Africans are supportive of media holding government to account and favour press freedom over government regulation, the latest Afrobarometer (www.Afrobarometer.org) Pan-Africa Profile (https://apo-opa.co/4ukNfS8) shows, according to an Afrobarometer official statement issued in Accra,Friday.   While support for a free press is a majority position in nearly all surveyed countries, substantial minorities in most countries – and a large majority in Mali – favour government control over what the media can publish. The new report, based on 45,600 interviews across 38 African countries in 2024/2025, also shows that citizen assessments of…