European Investment Bank (EIB) News

Omobola Johnson, Senior Partner, TLcom and Nigeria's former Minister of Communication Technology. Credit: ITU

VC firm TLcom rakes in $40 million for new Africa fund

London and Nairobi-based venture firm TLcom Capital has raised $40 million for its new Africa fund. The target is $100 million. TIDE Africa Fund will focus on tech startups in Sub-Saharan Africa.

Here are 7 predictions for the African tech startup space in 2017

Here are 7 predictions for the African tech startup space in 2017

It has long been known that e-health has tremendous potential to make the delivery of healthcare in Africa more efficient. It is now becoming clear that this will be in the diagnostics space.

Felichesmi Mramba, Managing Director, Tanzania Electric Supply Company (TANESCO)

Tanzania plans Ethiopia energy imports as 12-nation regional power pool emerges

Tanzania expects to begin importing electricity from Ethiopia in 2019 when the eastern African nations complete interconnection grids currently to form a regional power pool.

Kenya's Lake Turkana Wind Power Project

Google to Buy Into Africa's Largest Wind Farm in Northern Kenya

Google Inc. will acquire a stake in Africa’s largest wind farm once the facility is completed in Kenya in 2017.

African Development Bank closes $200M for first renewable energy fund dedicated to Sub-Saharan Africa.

African Development Bank closes $200M for first renewable energy fund dedicated to Sub-Saharan Africa

The African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on sub-Saharan Africa, announced during the African Development Bank’s “Energy Week” that it successfully reached its final close at its hard cap of $200 million of committed capital.

Convergence Partners raises $200M for largest ever fund dedicated to Africa ICT infrastructure

Convergence Partners raises $200M for largest ever fund dedicated to Africa ICT infrastructure

Convergence Partners, an investment management firm focused on the African telecommunications, media and technology sector, has announced the successful final close of its Convergence Partners Communication Infrastructure Fund (CPCIF).

European Investment Bank headquarters, Luxembourg

European Investment Bank Plans Africa Expansion Amid Growth

The European Investment Bank plans to open offices in four more African cities as it strengthens its foothold on a continent looking for financing to build infrastructure, said a senior official with the lender.

River Dam

Ethiopia's $1.8B Gilgel Gibe III dam project could start power generation by June

A much-delayed $1.8 billion dam project under construction along Ethiopia’s Omo river could begin generating power by June and be fully operational by early 2016, an official said on Thursday.

The Johannesburg Stock Exchange (JSE)

Africa: Now a major player in emerging markets financial services

The Africa Finance & Investment Forum 2014 represented something of a landmark for the oldest continent and its plans for the future. Held in Cologne, it was the first such conference to be held in Germany, Europe’s economic motor and a strategic partner in several African ventures.