Wema Bank has obtained a €50 million financing facility from EIB Global, the European Investment Bank's development arm, aimed at enhancing credit access for small and medium-sized enterprises (SMEs), particularly those owned by women and youth. The agreement was signed in Lagos and represents the first transaction between Wema Bank and EIB Global.

Africa50, a Morocco-based infrastructure investment fund, plans to more than double the value of the projects it supports to at least $20bn (about R319bn) over the next five years, according to its chief operating officer Tshepidi Moremong. The target, reported by TimesLIVE, signals an expansion of the fund's infrastructure investment activity across Africa. No further details about specific projects or funding sources were provided in the report.

The European Bank for Reconstruction and Development (EBRD) plans to invest $1.5 billion in Nigeria over the next three years. According to the managing director, these investments aim to facilitate trading activities by providing easier access to pre-import and post-export financing for importers and exporters in the country.

Stanbic Bank Uganda, the country's largest commercial bank, has unveiled a Shs 1 trillion financing package targeting women, youth, and farmers to expand small-scale enterprises and create jobs. According to The Observer, the three-year initiative, dubbed the Positive Impact Agenda, commits the bank to mobilising the funds by 2028 through strategic partnerships. The programme is also aimed at equipping students with entrepreneurial skills and access to capital to start businesses.

The Tony Elumelu Foundation, in partnership with the European Union and the Organisation of African, Caribbean and Pacific States, has begun verifying more than 1,000 women entrepreneurs selected for a programme supporting Africa's green economy. According to Soko Directory, the verification exercise is intended to confirm the eligibility of participants, who are involved in environmentally focused businesses across the continent. The initiative forms part of a broader effort by the foundation and its partners to empower women-led enterprises and promote sustainable economic development in Africa.

African startups raised a combined $2.10 billion in funding over the first eight months of 2026, according to an analysis by TechCabal. The report highlights a strong August in which startups secured $438 million, driven by mega-deals alongside early-stage grants. The figures suggest sustained investor interest in the continent's technology ecosystem, with both large funding rounds and smaller grants contributing to the total. TechCabal's analysis tracks deal activity across the African startup landscape during the period.