African business News round up 7 Feb 2025

Idris Elba Invests in Africa’s Film Industry – Actor Idris Elba plans to relocate to Africa within the next five to ten years to support the burgeoning film industry on the continent. He aims to build and bolster film studios in various locations, including Accra, Freetown, and Zanzibar, contributing to the rapid expansion of Africa’s film industry. Business Insider

Idris Elba, born Idrissa

Idris Elba, born Idrissa Akuna Elba on September 6, 1972, in Hackney, London, is a distinguished English actor, producer, musician, and DJ. He is renowned for his versatile performances across television, film, and music. Elba is the only child of Winston Elba, a Sierra Leonean who worked at the Ford Dagenham plant, and Eve, a Ghanaian

Elba’s acting career began with roles in British television series such as “The Bill” and “Family Affairs.” His breakthrough role came in 2002 when he portrayed Russell “Stringer” Bell, a drug baron, in the critically acclaimed HBO series “The Wire.” He further gained recognition for his role as DCI John Luther in the BBC One series “Luther,” which earned him a Golden Globe Award for Best Actor in a Miniseries or Television Film. 

In film, Elba has portrayed a wide range of characters. Notably, he played Nelson Mandela in “Mandela: Long Walk to Freedom” (2013), a performance that garnered significant acclaim. He has also appeared in major franchises, portraying Heimdall in the Marvel Cinematic Universe and the antagonist Krall in “Star Trek Beyond” (2016). His role in “Beasts of No Nation” (2015) earned him a Screen Actors Guild Award for Outstanding Performance by a Male Actor in a Supporting Role.

Other News

African Continental Free Trade Area (AfCFTA) Boosts Energy Sector The AfCFTA is set to drive growth in Africa’s energy sector by providing modernized and streamlined access for investors. Established in 2019, AfCFTA aims to eliminate tariffs and harmonize trade laws among member countries, promoting infrastructural development in power, transportation, and telecommunications. reuters.com

Rapid Expansion of Solar Power Companies In Central and West Africa, solar power companies are expanding rapidly to address the region’s significant electricity deficit, where 600 million people lack access to power. Locally owned companies like Easy Solar in Sierra Leone and Liberia, and Altech in Congo, are at the forefront of this growth, offering products ranging from affordable solar lamps to comprehensive home systems. AP News

Africa Finance Corporation’s Infrastructure Investments The Africa Finance Corporation (AFC) has invested over US$11.5 billion in infrastructure projects across Africa, focusing on key sectors such as power, transport and logistics, natural resources, telecommunications, and heavy industries. Wikipedia, the free encyclopedia

Space in Africa’s Growth Space in Africa, a media, analytics, and consulting company focusing on the African space and satellite industry, has been expanding its influence. The company released reports estimating the African space industry’s worth to be more than US$7 billion, projecting significant growth in the coming years. Wikipedia, the free encyclopedia

Climate Action Africa’s Initiatives Climate Action Africa organized the Climate Action Africa Forum 2024 (CAAF24) in Lagos, Nigeria, focusing on innovating and investing in Africa’s climate-smart development. The forum connected high-impact climate innovators with potential investors committed to accelerating sustainable solutions. Wikipedia, the free encyclopedia

Fortescue’s Commitment to Gabon Iron Ore Project Despite challenges, Fortescue remains committed to its iron ore project in Gabon. The company emphasizes the project’s long-term benefits and ongoing collaboration with the Gabon government, with initial investments exceeding $200 million for early-stage development. theaustralian.com.au

Entrepreneurial Talent in Africa’s Refugee Camps Africa’s refugee camps are becoming hubs of entrepreneurial talent. Displaced individuals are developing innovative business ideas, seeking business training and financing rather than charity, contributing to economic growth within their communities. Financial Times

Bidco Africa’s Sustainable Agribusiness Initiatives Bidco Africa has partnered with organizations like the Food and Agriculture Organisation (FAO) and the African Women Entrepreneurship Programme (AWEP) to offer agribusiness opportunities to women and youth. These initiatives include providing farmers with resources and guaranteeing markets for their produce. Wikipedia, the free encyclopedia

Oakwood Green Africa’s Intra-African Trade Promotion Oakwood Green Africa is fostering development by integrating ideas, technology, capital, and knowledge to support both public and private sectors across the continent. The organization plays a key role in driving intra-African trade and business acceleration, aligning with the United Nations Sustainable Development Goals. Wikipedia, the free encyclopedia

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  • James Daniel

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