Author: Victor Olayiwola
Victor Olayiwola
I am Victor Olayiwola, a tech writer for Africa Entrepreneur and a strategic forex trader. I share stories on innovation and entrepreneurship in Africa while breaking down markets with precision. Always learning and creating, i blend tech and trade to inspire the next wave of young hustlers.
AMMAN, Jordan, April 23, 2026 The United Nations Development Programme (UNDP), has signed a Joint Statement of Intent with the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) —both members of the Islamic Development Bank (IsDB) Group—introducing a new blended finance structure that leverages credit insurance to catalyze private investment in climate-smart sectors. This partnership will unlock capital for green small and medium-sized enterprises (SMEs) and support national efforts to achieve climate and sustainable development goals across the Arab States region. It will support…
NAIROBI, Kenya, April 23, 2026 Africa Finance Corporation (AFC) (www.AfricaFC.org) and the Government of Kenya have signed a Host Country Agreement establishing AFC’s first regional office in Nairobi, expanding the Corporation’s platform for scaling infrastructure investment and industrial development across Africa. The agreement was signed by H.E. Dr. Musalia Mudavadi, Prime Cabinet Secretary (and Cabinet Secretary for Foreign and Diaspora Affairs), and AFC President and CEO, Samaila Zubairu. The signing ceremony, witnessed by H.E. President William Samoei Ruto at AFC and Government of Kenya’s ongoing The Africa We Build Summit in Nairobi, formalizes Kenya as the host country of AFC’s…
JOHANNESBURG, South Africa, April 23, 2026 The Road Home is a story of the power of music that changed the world, bringing to life the inspiring story of the creation of the Graceland album and band The film’s budget is roughly ZAR 300 million Production to commence in Cape Town on June 29th, employing over 300 local film crew and up to 3,500 extras Underscores commitments made by CANAL+ during the acquisition of MultiChoice Group STUDIOCANAL, the in-house studio of CANAL+ (www.STUDIOCANAL.com), in partnership with Flora Films, is proud to announce the production of feature film The Road Home. The film brings…
LUANDA, Angola, April 23, 2026 Kátia Epalanga, Executive Administrator of Angola’s national oil company Sonangol, has been appointed President of the Muhatu Energy Angola Management Network, in a move that reinforces the organization’s role at a pivotal stage in Angola’s oil and gas expansion. She succeeds Nicola Mvuayi – Executive Administrator at the National Oil, Gas & Biofuels Agency (ANPG) – as the country advances deepwater, gas and low-carbon projects that are reshaping workforce and leadership priorities across the sector. Epalanga brings over 23 years of experience to the role, having held various executive roles at Sonangol and Angola’s Ministry…
JEDDAH, Saudi Arabia, April 23, 2026 The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, is pleased to announce that S&P Global Ratings has affirmed its long-term issuer credit and financial strength ratings at ‘AA-’ with a Stable Outlook for the third consecutive year, maintaining ICIEC’s position among the highest-rated peer institutions globally. The reaffirmation reflects ICIEC’s strong credit fundamentals, underpinned by solid financial strength, a low-risk profile, and S&P’s confidence in its robust capital adequacy, sound risk management framework, exceptional liquidity, and sustained…
NAIROBI, Kenya, April 23, 2026 Africa’s development challenge is increasingly shifting from capital raising to productive capital deployment in infrastructure and industry, according to AFC’s State of Africa’s Infrastructure Report 2026 Non-bank domestic capital pools now exceed US$2 trillion, surpassing ~US$1.7 trillion in cumulative external flows to Africa (2014–2024) Official development assistance fell from US$83.8 billion in 2020 to US$73.5 billion in 2023, with further declines expected for 2025–2026 Sovereign issuance dropped from over US$29 billion in 2018 to US$4–6 billion annually in 2022–2023, with only limited recovery through 2024–2025 Domestic pension and insurance assets crossed US$1 trillion for first time Central bank reserves at US$530 billion in 2025, from US$480 billion…
JOHANNESBURG, South Africa, April 23, 2026 A recent Kaspersky (www.Kaspersky.co.za) survey undertaken in the Middle East, Turkiye and Africa (META) region entitled “Cybersecurity in the workplace: Employee knowledge and behaviour”, showed that 39% of professionals consider cybersecurity rules in their company to be excessive or not fully appropriate. In Kenya, this figure was 25% and in South Africa, 23%. Furthermore, the survey highlighted that 7% of respondents in the META region, 4% in Kenya and 10% in South Africa noted that their organisations do not have cybersecurity rules or that they are not aware of them. These results show a…
CAPE TOWN, South Africa, April 23, 202 As global gold prices continue to reach record levels and demand surging, the upcoming African Mining Week Conference – The Most Influential Mining Conference in Africa – taking place on October 14–16 in Cape Town will connect global investors with investment opportunities across Africa’s burgeoning gold value chain. The event will host the Gold Forum, bringing together private and public sector stakeholders from Africa’s leading gold-producing countries alongside international investors to discuss the future of gold mining, trading and value addition. With reduced reliance on the U.S. dollar and rising central bank purchases…
LAGOS, Nigeria, April 23, 2026 The African Energy Chamber (AEC) (www.EnergyChamber.org) commends the Nigerian Federal Government for its decisive and timely intervention in the Dawes Island marginal field dispute, reinforcing the country’s commitment to protecting indigenous investment and sustaining momentum in oil and gas production growth. Following the recent Federal High Court ruling concerning the Dawes Island field, the Office of the Attorney General has moved swiftly to coordinate a response, directing the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to initiate an appeal. The NUPRC has since formally filed an application for leave to appeal, signaling a clear and unified government…
PARIS, France, April 23, 2026 Sierra Leone has strengthened its upstream petroleum ambitions with the signing of a Reconnaissance Permit Agreement with Shell Exploration Company B.V., marking a significant step in its efforts to attract investment and advance offshore basin evaluation. The agreement was signed through the Petroleum Directorate of Sierra Leone (PDSL) at the Invest in African Energy 2026 Forum in Paris on Wednesday. Under the terms of the agreement, Shell is granted rights to undertake advanced geological and geophysical studies across offshore G-Blocks 91, 92, 93, 110, 111, 112, 114, 115, 116, 117, 133, 134, 135, 148, 149,…