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Vantage Capital invests €30 million in Promamec

Vantage Capital invests €30 million in Promamec

July 27, 2023

Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it closed a €30 million equity investment for the acquisition of a significant minority stake in Promamec, a Moroccan medical distribution business.

TDK Ventures invests in digital intelligence platform

TDK Ventures invests in digital intelligence platform

July 27, 2023

TDK Corporation announced today that its subsidiary, TDK Ventures Inc., has invested in the Industry 5.0 – focused startup Infinite Uptime, who’s digital intelligence platform leverages state-of-the-art sensor technology, and advanced analytics.

Indian top investments in Africa and concerns

Indian top investments in Africa and concerns

July 20, 2023

By Woubishet Sisay – Indian investment in Africa has been steadily increasing over the years, as India seeks to strengthen its economic ties with the continent. This investment encompasses various sectors such…

Alliance to promote decent work across food systems

Alliance to promote decent work across food systems

July 20, 2023

The new alliance between ILO, IFAD and CARE will promote decent work and productive employment, with the aim of tackling poverty and inequality in the sector while also promoting sustainable business.

Ethiopia debt service expenditure up 26 percent

Ethiopia debt service expenditure up 26 percent

July 19, 2023

For two consecutive years, debt service continues to be the highest budgetary line item, absorbing 159 billion Birr, up 26 percent from last year’s budget (2022/23), while defense budget is down 40…