Huawei, a global leader in technology, has reaffirmed its commitment to Africa’s digital future, highlighting the continent’s immense potential for economic growth through innovation. This commitment was articulated by David Wang, executive director and chairman of Huawei’s ICT infrastructure managing board, at the Huawei Africa Connect event in Johannesburg, South Africa. During his keynote address, […]

Bamboo, the Nigerian online stock platform, has extended its reach into South Africa, a move set to redefine investment opportunities across the continent. This expansion allows South African users to invest directly in US stocks through their smartphones, facilitated by Bamboo’s newly acquired financial services provider license from the South African Financial Sector Conduct Authority […]

Cairo recently hosted a pivotal investment conference attended by President Abdel Fattah el-Sissi and EU Commission Chief Ursula von der Leyen. The gathering marked a significant milestone in Egypt-EU relations, resulting in the signing of substantial economic agreements aimed at bolstering Egypt’s economy amidst pressing challenges. In March, Egypt secured a $7.9 billion funding package […]

The African Development Bank (AfDB) has embarked on a strategic mission in Tokyo to collaborate with leading Japanese firms in enhancing economic development across Africa. This initiative focuses on bolstering value addition to raw materials and increasing productivity across key sectors on the continent. Led by Vice Presidents Kevin Kariuki, Solomon Quaynor, and Kevin Urama, […]

At the Africa Rail 2024 Conference held at the Sandton Convention Centre, Hishaam Emeran, President of the Southern African Railways Association (SARA), emphasized the transformative potential of rail infrastructure in driving Africa’s economic growth. Addressing delegates, Emeran, who also serves as CEO of the Passenger Rail Agency of South Africa (PRASA), highlighted the urgent need […]

The African Energy Chamber (AEC) recently hosted the Invest in African Energies roadshow in Lagos, attracting over 250 Nigerian entrepreneurs and investors keen on exploring opportunities across Africa’s energy sectors. This event served as a precursor to the upcoming African Energy Week: Invest in African Energy 2024 conference in Cape Town, scheduled for November. Nigeria, […]

Saraya Japanese Middle East for Industrial Investment has inaugurated a $12 million factory in the Sokhna Integrated Zone within the Suez Canal Economic Zone (SCZone). The inauguration ceremony, held at the Orascom Industrial Development site, was attended by SCZone Chairperson Waleid Gamal El-Din, Japanese Ambassador to Cairo Oka Hiroshi, and Saraya Chairperson Yusuke Saraya. New […]

In a significant development, French businesses are set to amplify their investment in Egypt, with current financial commitments amounting to $7.2 billion across multiple sectors. This was the focal point of a recent meeting between Egyptian Prime Minister Mostafa Madbouly and leaders from the French Chamber of Commerce and Industry, alongside representatives from key French […]

At the Japan-Africa Business Forum in Tokyo, leaders from the African Development Bank (AfDB) emphasized Africa’s increasing allure as a prime investment destination for Japanese corporations. Highlighting the continent’s robust growth potential and supported by the AfDB’s risk management initiatives, the forum showcased opportunities ripe for exploration. Professor Kevin Chika Urama, Vice President and Chief […]

Africa is experiencing a notable shift in investment trends, particularly in the clean energy sector, despite a challenging global economic environment. In 2023, the overall value of international project finance deals in African nations decreased by 50% to $64 billion. However, the continent’s appeal for greenfield megaprojects has strengthened significantly, attracting several high-value initiatives. Major […]