In a momentous stride for its industrial and economic landscape, Egypt has officially inaugurated the first home appliance factory for BSH Hausgeräte GmbH – the German-owned giant behind the globally renowned Bosch brand – on the African continent. This landmark facility, representing a substantial investment exceeding €55 million (approximately $64.50 million USD), marks a pivotal […]

In a landmark decision poised to reshape its economic landscape, Ethiopia’s central bank has introduced a long-anticipated directive permitting foreign banks and investors to operate within its financial sector. This milestone signals a significant advance in the nation’s ongoing economic liberalization efforts and follows the parliamentary approval of a revised banking law in December 2024. […]

In a landmark move poised to reshape Africa’s economic and environmental landscape, the Nigerian Sovereign Investment Authority (NSIA) has officially launched an ambitious pan-African investment platform. This groundbreaking initiative aims to mobilize a staggering $50 billion in blended finance by 2030, specifically targeting critical sectors such as infrastructure, agriculture, and climate-resilient projects across the continent. […]

In a significant stride towards fostering sustainable development and accelerating regional integration across Africa, the Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced that the Republic of Angola has become its latest sovereign shareholder. This pivotal equity investment not only deepens an already robust partnership but also serves as a resounding […]