Gemcorp Holdings Ltd. (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) have announced the financial close of Cabinda Oil Refinery in Angola with a US$335-million project financing facility. The announcement comes as the project spearheaded by Gemcorp, a UK-based asset management company, to build a refinery in Angola has been well behind schedule, […]
Start-ups in Africa cumulatively raised $2.2 billion in equity, debt, and grants (excluding exits) in 2024, and though it is a significant figure in absolute terms, it represents a 25% drop compared to the $2.9 billion that were raised on the continent in 2023, ‘Africa: The Big Deal’ has revealed. According to the funding report […]
Mali’s ruling junta has asked prosecutors to probe the UN peacekeeping mission MINUSMA for “espionage” just days after the government in Bamako called on the United Nations to withdraw its peacekeeping mission from the West African country “without delay,” denouncing its “failure” to respond to security challenges. These accusations come following a UN report which […]
