The Tanzanian National Assembly has approved the Agreement for the Establishment of the Africa Finance Corporation (AFC), a move expected to open doors for long-term investment financing aimed at accelerating …
Nigeria, Egypt, and Morocco were the top three African countries that received the highest remittances from their diaspora communities in 2024, according to the newly published State of Africa’s Infrastructure …
Nigeria’s telecommunications industry is under heavy financial pressure due to its growing reliance on diesel-powered generators, with operators spending more than $350 million (over ₦500 billion) annually to fuel their …
A new report from the Africa Finance Corporation (AFC) has revealed that off-grid and self-generated electricity in Lagos State has now surpassed the entire power output of Nigeria’s national grid. …
The Federal Ministry of Industry, Trade and Investment has signed a fresh agreement with Itana, Nigeria’s first government-licensed digital economic zone operator. The aim is to boost digital trade, create …
The Africa Finance Corporation (AFC) says it is in talks with the Angolan government to provide a $1 billion funding commitment to support the country’s rail, power and natural resources …