Category: INVESTMENTS

Improving mobility, security access…Burkina Faso pumps $70 million into roads

Segun Adeyemi,First Published,27 May 2026 10:04 AM Burkina Faso has inaugurated eight new road infrastructure projects in the capital, Ouagadougou, to improve urban mobility and access to strategic areas amid rapid population growth. Burkina Faso has inaugurated eight new road projects across Ouagadougou worth more than $70 million. The developments cover over 22 kilometres and include the key Northern Ring Road corridor. Officials say the infrastructure aims to improve mobility, security access and urban connectivity. The investment comes as the capital faces rapid demographic growth and increasing traffic pressure. The…

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Uganda-Dangote Group join hands for East Africa’s Energy Security

Ugandan President has expressed his support for the construction of a proposed regional oil refinery valued at USD17bn, aimed at strengthening industrialisation and energy security in East Africa (Ugandan government statement, 17/05/2026). According to the statement, the President made these remarks during a meeting with visiting Nigerian industrialist Aliko Dangote, the project’s proponent. He stated that the refinery would contribute to broader efforts to advance regional integration, value addition, and industrial development across Africa. The proposed refinery is estimated to cost between USD15bn and USD17bn, with a designed processing capacity of 650 kb/d of crude oil. The facility is intended to supply Uganda, Kenya, Tanzania, Ethiopia, South Sudan, the Democratic Republic…

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Italian Engineering Giant Webuild Clinches Samoter Innovation Award for Africa’s Largest Dam

By: Addis Insight,First Published,May 14, 2026 Italian construction titan Webuild has officially secured the prestigious Samoter Innovation Award 2026. The accolade recognizes the company’s groundbreaking work on the Grand Ethiopian Renaissance Dam (GERD), a project that is redefining the landscape of renewable energy in Africa. Why the GERD Won Big Presented at the Samoter International Construction Machinery Exhibition in Italy, the award celebrates more than just “building a wall.” The judges highlighted the GERD as a masterpiece of technological and engineering excellence. “The recognition highlights the GERD not only for its complexity but for its…

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Deepening Cross-border Investments…EDB, Mauritius takes Pragmatic action

Story: Mohammed A. Abu Cross-border investment in West Africa is a complex mix of formal Foreign Direct Investment (FDI) concentrated in key hubs like Nigeria, Ghana, and Senegal, and massive Informal Cross-Border Trade (ICBT) that supports local livelihoods. While regional integration efforts remain high, investors face challenges such as infrastructural deficits, regulatory inconsistencies, and security issues Key Drivers and Sectors  Mineral Resources & Energy: Mining (bauxite, manganese, gold) and infrastructure projects are the primary recipients of capital. Substantial multinational and regional capital flows target energy transitions and clean energy corridors.…

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Dangote, Rabiu from Kano Top List of Africa’s Richest Men

Nigerian billionaires Aliko Dangote and Abdul Samad Rabiu, both from Kano State, have emerged among Africa’s richest individuals, according to the latest Bloomberg Billionaires Index ranking seen by Daily Trust. ‎ ‎The Bloomberg ranking, which is updated daily to reflect real-time movements in global wealth, showed Dangote retaining his position as Africa’s richest man with a net worth of $34.9 billion, while Rabiu climbed to become Africa’s third-richest billionaire with an estimated fortune of $18.5 billion. ‎ ‎South African luxury goods magnate Johann Rupert ranked as Africa’s second-richest person with…

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U.S. solar energy firm plans $750 million power grid expansion across four African countries

Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into four African countries as renewable energy providers increasingly move to address the continent’s widening electricity deficit. Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. The company plans an investment of about $750 million to provide roughly 2.1 million electricity connections across these countries. Sub-Saharan Africa faces significant energy poverty, with nearly 600 million people lacking access to electricity. Renewvia currently operates 24 mini-grids in Kenya and Nigeria and is…

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Air Ghana acquires Boeing 737 Freighter to strengthen regional trade

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…

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

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…

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

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…

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Dangote Eyes Ports, Pipelines, Data Centres in $40 Billion Growth Plan

By:staff writer,first publisshed April 9, 2026,Birr Metrics  Dangote Group has unveiled plans to invest at least40 billion US dollars over the next five years as it pursues a 100 billion US dollars turnover by 2030, targeting expansion across energy, infrastructure, and digital services in Africa. The conglomerate presented its long-term strategy, Vision 2030: Supercharging Dangote Group for Long-Term Success, to the African Export-Import Bank (Afreximbank) board and executive team on 31 March 2026. The plan is structured in two phases spanning 2025–2028 and 2028–2030, aimed at scaling current operations and…

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