IFC backs AirTrunk’s Johor expansion with $175 million package
The International Finance Corporation (IFC) plans to provide a financing package of up to US$175 million to data centre operator AirTrunk through a combination of debt and equity investment. The…
British Airways returns to Tanzania after 13-year pause
The United Kingdom’s flag carrier said Thursday that it will launch flights from London to Kilimanjaro, Tanzania’s premier tourist destination. Flights will operate three times a week from London Gatwick,…
Cassava Technologies’ R1.75 Billion Data Centre Draws Government Site Visit
Sthembiso Dlamini, chief executive of South Africa’s Gauteng Growth and Development Agency (GGDA), recently conducted an official site visit to Cassava Technologies following the company’s R1.75 billion data centre investment…
South Africa’s Data Centre Boom Hits a Power Wall
South Africa’s Minister of Communications and Digital Technologies, Solly Malatsi, has been confirmed as a speaker at African Energy Week 2026 in Cape Town, with his session framed specifically around…
Glencore Faces $2 Billion Lawsuit and $480 Million Loss
Commodities giant Glencore — roughly a tenth owned by South African billionaire Ivan Glasenberg — is facing a $2 billion lawsuit filed in Singapore, alongside a reported $480 million loss,…
African Bank Resets Leadership After Weak Results and Executive Exits
South Africa’s African Bank is undergoing a significant leadership reset following a difficult first half of the year and a string of executive departures. Former Group CEO Kennedy Bungane left…
World Bank Mobilises Record $112 Billion in Private Capital for Developing Economies
The World Bank Group says it mobilised a record $112 billion in private capital during fiscal year 2026, more than triple the $35 billion it recorded just four years earlier.…
TotalEnergies Commits $10 Billion to Angola After Fresh Oil Discovery
TotalEnergies has committed $10 billion to expanding its operations in Angola, following a new oil discovery that is expected to come online within roughly three months. The investment marks one…
First Bank Nigeria Spends ₦6bn Annually Fighting Cyber Threats
First Bank of Nigeria’s Chief Executive says the bank now spends approximately ₦6 billion every year defending against cyber threats, underscoring how seriously Nigerian banks are treating digital security as…
Europe’s Gas Ban Opens a Door for African Energy Producers
As the European Union moves to formally ban Russian LNG imports from 2026 and pipeline gas from 2027, African gas producers are being handed a rare strategic opening. Industry leaders…