Enza Capital is targeting as much as $80 million in a fund that the pan-African venture firm will invest in artificial-intelligence projects as the continent lags behind other regions in funds deployed to the industry.

Quick Mart Plc saw demand for shares in its initial public offering exceed the number available by almost 23% as Kenya’s second-biggest supermarket chain concluded the nation’s second IPO of the year.

Safaricom Plc, whose Ethiopian operations are on track to break even by the end of the fiscal year, is counting on regulator-led pricing interventions to build a more competitive industry in the Horn of Africa nation.

British International Investment plans to deploy and mobilize about £2.25 billion ($3 billion) in some of Africa’s riskiest markets over the next five years, stepping into economies that are largely beyond the reach of the world’s biggest institutional investors.

Private Infrastructure Development Group, which operates in Africa and Asia, plans to invest at least $1 billion each year until 2030 as more investors increase allocation to facilities.

Domestic revenue mobilization remains Somalia’s biggest fiscal challenge, limiting the ability of the east Africa nation’s government to finance development priorities and public services.

Remittance flows to Kenya could decline this year for the first time since 2009, as a new US tax on money transfers and headwinds from the Iran war stunts the nation’s largest source of foreign exchange.

Dangote Petroleum Refinery & Petrochemicals FZE, which owns Africa’s biggest crude-processing facility in Nigeria, is offering investors based in the continent’s east an almost 20% share its initial public offering that could raise as much as $300.4 million.

Quickmart Plc, one of Kenya’s leading supermarket chains, plans to list on the main market of the Nairobi Securities Exchange to allow some current investors to reduce their stake.

The Ethiopian Securities Exchange has given in-principle approval for 11 listings, almost tripling the number of publicly traded firms if all of them come to market.

The Lusaka Securities Exchange will introduce its first-ever exchange-traded fund before the end of October, giving Zambian investors exposure to gold.

Kenya Airways Plc said it’s weeks away from unveiling a proposal to sell a stake to a strategic investor, almost a decade after the flag carrier first embarked on the plan.

Funds invested by Kenyan banks in government securities rebounded last year, signaling renewed balance-sheet expansion in the industry.

East Africa’s biggest bourse plans to offer a variety of exchange-traded funds to meet demand from investors, Nairobi Securities Exchange Chief Executive Officer Frank Mwiti said.

East African Breweries Plc’s annual profit grew at the fastest pace in four years, even as accelerating inflation in its home market Kenya eroded spending power.

Kenya’s biggest lenders are saddled with a stubborn asset-quality bottleneck: a mountain of state arrears that is chocking private-sector liquidity and keeping bad loans high, even as overall banking conditions improve.

Heat waves are baking famous sports grounds.

Kenya is advancing plans to set up an exchange to trade carbon credits in the nation and East African region in the next 12 months as it looks to position itself as a hub for environmental finance on a continent wanting to monetize its vast natural resources.

The International Energy Agency announced $900 million of fresh commitments for clean cooking in Africa, as efforts toward universal access to non-harmful means of food preparation gain momentum.

South Africa’s parliamentary speaker, Thoko Didiza, will file court papers explaining the legislature’s position in President Cyril Ramaphosa’s bid to halt impeachment proceedings against him, while a parliamentary committee said it will oppose the application.