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2022, venture capital (VC) activity in Africa has seen a notable upswing in Africa, with startups in the continent amassing $4.8 billion. However, this figure still represents a small fraction—just 1.2%—of the total global startup funding. Launch Africa Ventures, A standout venture fund, has made significant strides by injecting $36.3 million into over 110 startups across 21 African nations. The fund primarily targets seed and pre-Series A startups, with an average investment ranging between $250,000 to $300,000.

Tullow Oil's ambitious South Lokichar project in Kenya has been dealt a significant blow as partners TotalEnergies, and Africa Oil has opted to exit the oilfield development.

The project, which has experienced significant delays, aims to extract approximately 460 million barrels of oil from multiple fields in the remote Turkana county of Kenya. The goal is to export 130,000 barrels daily through an 895-kilometer pipeline to a terminal in Lamu Port.

Construction of Rwanda's ambitious $2 billion Kigali International Airport is progressing steadily in the Bugesera district, following some interruptions due to design alterations to enhance the airport's size and quality.

The current phase of construction focuses on key horizontal infrastructure elements such as runways, drainage concrete works, earthwork platforms, aircraft parking areas, connecting taxiways, and internal service roads.

Situated about 40 kilometers south of Kigali, the new airport is slated for completion by the end of 2026.