JT Group, Altria Group ink global partnership deal
JT Group through its subsidiary JTI that also owns tobacco manufacturing in Ethiopia, has entered into a joint venture (JV) with Altria Group (Altria), through its subsidiary PM USA.
IFC, Dutch bank to strengthen South Africa’s blueberry sector
IFC and the Dutch entrepreneurial development bank (FMO) today partnered to provide funding and advisory support to United Exports Limited to help the company increase sustainable blueberry production in South Africa, create…
Future Investment Initiative summit opens in Riyadh
The sixth edition of the Future Investment Initiative (FII) began on Tuesday in Riyadh, under the theme of ‘Investing in Humanity: Enabling a New Global Order’, with groundbreaking discussions, major announcements, and…
Volvo Group spins out new company Fyrqom AB
Volvo Group, Qamcom Group and the inventor Roman Iustin form a new start-up company, Fyrqom AB.
Aeon Investments closes £900 million commercial real estate
Aeon Investments, the London-based credit-focused investment company, has closed its first commercial real estate CLO warehouse in the UK, backed by three strategic loan agreements totalling £900 million.
Pierre Fabre Invest takes stake in Gennisium Pharma
The Pierre Fabre Group, the French pharmaceuticals and cosmetics company, and Gennisium Pharma have announced an agreement whereby Pierre Fabre takes a minority stake in Gennisium through its dedicated investment subsidiary Pierre…
Ethiopia eyes attracting Turkish, Dubai business to free zone
With the aim of attracting Turkish and Dubai businesses to its recently established Dire Dawa Free Trade Zone and getting lessons, Ethiopian official made a visited Turkey and Dubai.
Eastern Industrial Park creates 22,110 jobs for Ethiopians
Eastern Industrial Park (EIP), one of the biggest industrial parks in Ethiopia built by Chinese companies, is said has created 22,110 jobs for Ethiopians.
U.S. International Development Finance Corporation invests $2.3 billion
The U.S. International Development Finance Corporation (DFC) approved 62 new transactions this quarter totaling more than $2.3 billion of investment to help solve some of the world’s greatest development challenges including in…
Vontier completes Invenco acquisition
RVontier Corporation (Vontier) announced today that it completed its previously announced acquisition of Invenco, a leading global provider of open platform retailing and payment hardware and software solutions.
FFS Refiners expansion, job creation with additional investment
FFS Tank Terminals, a wholly owned subsidiary of FFS Refiners, hosted a sod-turning event at the Maydon Wharf precinct in the Port of Durban on Wednesday this week.
Domestic resource mobilization: A solution to tackle Africa’s multiple crises
Over the past few years, the African economy has been devastated by multiple crises and external shocks.
IFC investment to support Africa’s digital infrastructure expansion
The latest equity investment of the International Finance Corporation (IFC) in West Indian Ocean Cable Company Holding Ltd (WIOCC Group) is set to support Africa’s digital infrastructure expansion.
Three top businesses in Ethiopia for US companies
Below is an overview of the industries with the best prospects, big government purchases, infrastructure projects, and commercial opportunities as suggested by the US International Trade Administration.