The European Bank for Reconstruction and Development is arranging a US$ 265 million syndicated loan for Africa’s largest solar PV plant in Minya, Egypt. Developed by Nefer Menya, a joint venture between Infinity Power and HAU Energy B.V., the 1.2 GW installation includes a 600 MWh battery storage system. Part of a US$ 566 million debt package, the facility will supply clean electricity to power 1.4 million homes.
The European Bank for Reconstruction and Development (EBRD) is providing financing to Beacon Power Services (BPS) to accelerate the digitalisation of Nigeria's electricity network. The funding will allow BPS to roll out smart metering, grid management software, and data analytics tools to electricity distribution companies, helping to improve revenue collection, billing accuracy, and overall power sector efficiency across the country.
Anantara has opened Anantara Tented Camp Kafue River, marking its debut safari property in Africa during its 25th anniversary year. Located in Zambia’s Kafue National Park, the 13-key off-grid retreat combines high-end safari experiences with dedicated wellness facilities. Built on elevated platforms to protect local wildlife, the camp operates in partnership with conservation organisation African Parks.
Banyan Group has acquired a majority stake in Cape Town-headquartered Newmark Hotels & Reserves through a phased structure leading to full ownership. The transaction adds 26 managed properties across seven African countries to Banyan Group’s portfolio, expanding its reach to nearly 130 hotels, resorts and reserves globally. Newmark will continue operating under its existing brand, leadership and local management structure.
African Collaborations Group has named Paulo J. Cruz as its Founding Chief Executive Officer. Joining from DAMAC Group, Cruz brings 28 years of industry experience across infrastructure and real estate. He will oversee the expansion of a pan-African platform focused on developing bankable sports and entertainment district ecosystems, including the firm's flagship Victory District model designed to generate long-term economic growth across the continent.
International tourist arrivals grew by 0.4% in the first half of 2026, reaching 690 million, according to UN Tourism's latest World Tourism Barometer. Initial strong performance in the first quarter gave way to declines caused by Easter calendar shifts, Middle East geopolitical conflict, severe weather and high travel costs. Consequently, full-year growth projections have been lowered to between 1% and 2%.
