Spearhead Africa Asset Management Ltd., a Kenyan fund manager, plans to raise 15 billion shillings ($115.9 million) and make the money available to infrastructure developers in the form of long-term loans denominated in local currency.

The France-Africa summit has mobilized billions of euros in investment deals, which President Emmanuel Macron said showed a pivot away from financial aid to investment for the continent.

The France-Africa summit has mobilized billions of euros in investment deals, which President Emmanuel Macron said showed a pivot away from financial aid to investment for the continent.

Renewvia Energy Corp., an operator of solar-powered mini-grids, is expanding into settlements in four African nations as efforts turn to renewable energy to plug a power deficit on the continent.

FSD Africa, an agency backed by the UK’s Foreign, Commonwealth & Development Office, is establishing funds to raise as much as $400 million of capital for small businesses in five nations.

East African telecommunications operator Safaricom Plc’s annual profit jumped 67%, beating expectations, after its unit in populous Ethiopia narrowed its loss.

Africa50, a pan-African infrastructure investor, plans a fourth and final fund raising in June, as more financiers allocate capital to infrastructure projects on the continent.

British International Investment intends to tap £7 billion ($9.45 billion) held by insurers, pension and sovereign wealth funds as co-investment into various projects globally over the next five years.

Rising geopolitical uncertainty is driving African financiers to tap domestic capital, as governments roll out policies, regulations and incentives to fund projects.

The Africa Finance Corp. and the African Development Bank committed $500 million each to a railway that will connect Zambia’s copper mines to global markets through the Angolan port of Lobito.

Africa’s infrastructure challenge is shifting from raising capital to deploying funding in projects that support trade, industry and long-term economic growth on the continent, according to the Africa Finance Corp.

Africa’s infrastructure challenge is shifting from raising capital to deploying funding in projects that support trade, industry and long-term economic growth on the continent, according to the Africa Finance Corp.

The Biodiversity Finance Initiative is holding early-stage talks on issuing a $100 million bond to fund marine and terrestrial projects on the Kenyan coast.

Private renewable-energy investments in Africa are set to accelerate as the Iran war drives nations to try and cut their dependence on imported oil and gas.

Roam Electric, a Kenyan e-motorcycle manufacturer, has seen demand double as consumers shift away from gasoline amid price surges driven by the Iran war.

Less than half of Kenya’s registered tax payers are settling their obligations, resulting in a collection gap of at least 982 billion shillings ($7.6 billion), according to the nation’s revenue agency.

Gabon is mobilizing $200 million from the likes of Bezos Earth Fund to help protect at least 30% of its terrestrial, fresh-water and marine ecosystems by 2030.

Kenya’s national carrier plans to add flights on a number of routes, after seat occupancy to some destinations rose to a record as passengers switched to the airline to avoid conflict in the Middle East.

At least 37 people died in flooding after heavy rains in several parts of Kenya on Friday night.

Darshan Chandaria, the chief executive officer of one of Kenya’s oldest conglomerates, is seeking to boost governance standards and create a path for investments into the group’s various businesses with a family office.