AfDB Invests $310m in FirstRand Bank
African Development Bank Group has approved a $310m financial package to FirstRand Bank, a wholly owned subsidiary of the FirstRand Group and one of the largest financial institutions in Africa.
African Development Bank Group has approved a $310m financial package to FirstRand Bank, a wholly owned subsidiary of the FirstRand Group and one of the largest financial institutions in Africa.
Stears, Africa’s financial data provider, and Ventures Platform, a seed-stage venture capital firm in Africa, have launched the Stears-VP Liquidity Index (SVL Index), a first-of-its-kind index designed to unlock the next phase of capital flow into Africa by creating trusted, standardised data infrastructure across African private markets.
Acorn Holdings has received authorisation from the Capital Markets Authority (CMA) for the establishment of a Build-To-Rent Development Real Estate Investment Trust (D-REIT) aimed at expanding Kenya’s affordable housing rental market for young urbanites.
The African Development Bank Group has granted a $100m loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by the investment firm Ninety One.
Swedfund, Sweden’s development finance institution, has invested in Solar Saver to expand access to clean and reliable energy in Southern Africa.
The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank) has made a $300m strategic investment in the Africa Minerals and Metals Processing Platform (A2MP).
Standard Bank Group, Africa’s largest financial institution by assets, has launched a Representative Office in Egypt to strengthen trade and investment flows between Egypt, Sub-Saharan Africa, and the Middle East, recognising Egypt’s role as a vital gateway in Africa's north-south trade corridor.
In the wake of recent protests over prolonged water outages in Gauteng, the country’s deepening infrastructure failures have once again exposed a critical weakness in South Africa’s development model: the inability to convert available capital into bankable, investable projects.
Satrix will operate under its own Category II Financial Services Provider licence, effective November 1, 2025, marking a strategic milestone for the business.
South Africa’s asset management industry assets grew by 9.5% supported by strong domestic markets, according to the 27four DEInvest Annual Survey 2025.