At the 2024 Korea–Africa Business Summit, Samsung stands out as a prominent player, joining forces with government officials, business leaders, and economic experts from 48 countries to address key trade and investment agendas. Focused on themes like industrial development, trade expansion, and climate action, the summit provides an ideal platform for Samsung to showcase its […]

OneClickDrive, a leading car rental marketplace based in Dubai, has announced its expansion into Morocco, marking its first entry into the African market. This strategic move aims to tap into the growing demand for car rentals in the region, particularly among tourists drawn to Morocco’s rich cultural heritage and scenic landscapes. Since its inception, OneClickDrive […]

Absa Group, a leading financial services provider in Africa, has inaugurated its subsidiary office in Beijing, China, as part of its global expansion strategy. The move aims to forge stronger ties between Chinese corporations and African markets. CEO of Absa China, Klaus-Dieter Kaempfer, outlined the bank’s objective to nurture relationships with key stakeholders, including state-owned […]

The European Investment Bank’s (EIB) global arm has injected €25 million into Amethis Fund III, aimed at fostering sustainable growth in African businesses. Targeting medium-sized enterprises, the fund focuses on sectors vital to low- and middle-income populations, including healthcare, logistics, manufacturing, and agribusiness. Aligned with the EU’s Global Gateway strategy, the investment seeks to address […]

At the Annual General Meeting (AGM) of the African Development Bank (AfDB) in Nairobi, experts convened to discuss the pressing need for increased private sector involvement in financing tertiary education across Africa. Collaborating with the Kenyan government, the African Union Commission, and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the dialogue emphasized the importance […]

China’s economic involvement in Africa is witnessing a notable resurgence, particularly in the realm of mineral investments. Last year, Chinese investment in African minerals surged by 114%, reflecting a strategic focus on resources crucial for global energy needs and China’s domestic economic priorities. This surge in investment includes significant acquisitions, such as China’s MMG Ltd’s […]

MTN, Africa’s premier telecommunications conglomerate, has announced a landmark investment initiative aimed at bolstering the continent’s digital infrastructure. Spearheaded by cebisi Jonas, the esteemed chairman of MTN, the ambitious endeavor will see a staggering $12 billion injected into critical digital assets over the next six years. At the forefront of this strategic move is the […]

In a strategic move aimed at fostering technological innovation and economic growth, Microsoft’s South African division (SA) has recently finalized a groundbreaking $70.5 million investment agreement with the South African Department of Trade, Industry, and Competition (DTIC). This partnership signifies a significant step towards advancing South Africa’s position in the global AI landscape while nurturing […]

Google has unveiled a transformative project set to reshape Africa’s digital landscape: the Umoja fiber optic cable. This groundbreaking initiative, named after the Swahili word for “unity,” promises to enhance connectivity, drive economic growth, and bolster resilience across the continent. Stretching from Kenya to Australia, with key stops in Uganda, Rwanda, DRC, Zambia, Zimbabwe, and […]

E-finance for Digital and Financial Investments (e-finance) has announced a strategic move to enhance its presence in Egypt’s digital payments market. The firm has acquired a 25% stake in Al Ahly Momken and a 13% stake in EasyCash, marking significant steps in its growth strategy. Al Ahly Momken, a key player in Egypt’s digital payments […]