Investments

African startups attracted USD 183 million in funding in October 2026, a 58% decline from USD 435 million in the same month last year. Nigeria led with USD 42 million, while startups outside the Big Four markets secured 54% of total funding.

The United Nations General Assembly’s Fifth Committee has recommended Dr Sarah Alade for reappointment to the UN Investments Committee for another three-year term starting January 1, 2027, pending confirmation by the General Assembly.

Local cement manufacturers in Kenya are advocating for low-carbon cement to promote sustainable building practices, highlighted during the Kenya Industrialisation Summit 2026. Bamburi Cement launched DuraCem, which emits 64% less CO₂ than ordinary cement, aiming to enhance production capabilities and support national infrastructure projects.

Ghana's 2026 budget for tourism, arts, and culture shows promise but faces challenges, including poor infrastructure and uneven benefits for small businesses, according to consultant Emmanuel Frimpong. He emphasizes the need for improved data systems and collaboration to enhance the sector's growth and sustainability.

The Gabonese National Agency for the Promotion of Investments hosted a business forum in Shanghai on November 4, 2026, to attract Chinese investors, focusing on economic cooperation and opportunities in mining, forestry, and energy sectors during President Brice Clotaire Oligui Nguema's state visit to China.

Nclude, an Egyptian venture capital fund, has closed over USD 112 million to finance technology startups in Africa and the Middle East, focusing on financial technology and inclusion. The fund supports investments ranging from USD 500,000 to USD 10 million across various development stages.