iXAfrica secures RMB funding to expand Nairobi campus from 2.25 MW to 22.5 MW, the largest in East Africa. The project taps Kenya’s 90% renewable power mix to meet surging demand for cloud, AI and hyperscale workloads. RMB’s backing signals investor confidence as rivals ADC, Raxio and Liquid also race to scale capacity in Africa. iXAfrica Data Centre Ltd. recently announced...

Occupancy of modern warehouses in Africa rose to 83% in H1 2025, up from 75%. Growth driven by e-commerce, agro-industry, and push for regional self-sufficiency. South Africa, Egypt, and Nigeria remain top hubs for industrial real estate. Africa’s industrial and logistics real estate market is expanding rapidly, with occupancy of modern warehouses reaching 83% in the first...

Guinea plans to require local refining of iron ore from the Simandou project. The $20 bln project involves Chinese firms, Baowu, and Rio Tinto. Aim is to create jobs and raise export revenues through value-added products. At the Africa Down Under conference in Australia last week, Guinea’s government reaffirmed its ambition to expand local processing in the mining sector....

Anglo American and Teck to merge into Anglo Teck, worth over $50 billion. New group will rank among the top 10 global miners and top 5 copper producers. Anglo American shareholders to own 62.4%, Teck shareholders 37.6%. British miner Anglo American and Canada’s Teck Resources announced on September 9 their merger to create Anglo Teck, a mining group valued at more...

Egypt’s Elsewedy Electric to invest $2.5 billion in Algeria’s energy sector. Deal covers electrical industries, renewables, and technology transfer. Investment is five times the group’s current presence in Algeria. Egyptian group Elsewedy Electric and Algeria’s Investment Promotion Agency (AAPI) signed on September 8 a memorandum of understanding for $2.5...

Shareholders of Guinea Insurance approved a capital increase on Sept 8. Nigeria’s new law raises minimum capital for non-life insurers to 15 bln nairas. Guinea Insurance had 5.2 bln nairas in equity at end-2024, well below target. Shareholders of Nigeria’s Guinea Insurance Plc, a general insurance company, have approved a capital increase. The decision, announced on...

Leadway Holdings agreed to buy 100% of Pensions Alliance Limited. The merger with Leadway Pensure will create one of Nigeria’s largest pension firms. Pension assets in Nigeria could surpass 29.3 trillion nairas by end-2025. Nigerian financial services group Leadway Holdings Limited has reached an agreement to acquire 100% of Pensions Alliance Limited (PAL), a pension fund...

Congo’s Treasury aims to raise CFA55 billion ($98.2 million) on Sept 9. The issue includes short-term treasury bills and 3-year bonds at 6% interest. Public debt hit CFA8,536 billion in 2024, equal to 92.3% of GDP. Congo’s Treasury will seek CFA55 billion ($98.2 million) on the public securities market of the Bank of Central African States (BEAC) on September 9, the...

Burkina Faso will receive $250 million from the Global Fund for 2024-2026. The money will boost the fight against HIV/AIDS, tuberculosis, and malaria. Attacks have crippled 20% of health facilities, worsening the humanitarian crisis. Burkina Faso will receive $250 million in funding from the Global Fund as part of the 2024-2026 partnership cycle. The announcement was...

SpaceX buys EchoStar spectrum in $17B direct-to-cell deal Acquisition combines Starlink satellites with AWS-4, H-block licenses Move could expand satellite mobile access, challenges remain in Africa In a deal valued at $17 billion, Elon Musk's SpaceX announced on Monday, September 8, that it is acquiring mobile frequencies from U.S.-based EchoStar. The move is intended to...