DFC announces active commitments in Africa top $11 billion
At the U.S.-Africa Business Forum, U.S. International Development Finance Corporation (DFC) announced active commitments across Africa totaling more…
Investment
Kazana launches funding for exceptional African founders
Kazana Fund today announced the launch of its Angel Syndicate. This milestone is a major move for Kazana…
East African banking, microfinance forum opens in Nairobi
The 5th East African Banking and Microfinance Forum organized by the Trade and Development Bank Group (TDB Group)…
4Di Capital, Mauritian conglomerate IBL to drive expansion into Africa
South African early-stage venture capital firm, 4Di Capital, and Mauritian conglomerate IBL today announced the second closing of…
Burundi advised to improve business environment
By strengthening its private sector and improving its business environment, Burundi has the opportunity to create more jobs,…
Bahrain attracts $72.7 million investment in financial services
During the first three quarters of 2022, Bahrain Bahrain Economic Development Board (EDB) has supported nine financial services…
Information, finance drive Malian diaspora to invest in agriculture
Access the right training, information and financial products can drive Malian diaspora is keen to invest in the…
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…
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…
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…
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…
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…
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…
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…
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…
Vontier completes Invenco acquisition
RVontier Corporation (Vontier) announced today that it completed its previously announced acquisition of Invenco, a leading global provider…
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…
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…
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…
Ethiopia coffee export to increase by 560 metric tones
From October 2022 to September 2023 Ethiopia’s coffee exports are anticipated to increase to a 4.72 million bags,…
African Women Impact Fund to drive inclusive investment
The Economic Commission for Africa (ECA) and Standard Bank Group with other partners announced the African Women Impact…
Pan-African Crypto Exchange, Yellow Card secures $40 million
The round, led by Polychain Capital, brings Yellow Card to $57 million total raised, more than any crypto…
Ultimaker, MakerBot announce closing of merger
MakerBot and Ultimaker, two leaders in desktop 3D printing, today announced the completion of their merger.
Sandvik completes PCD tools manufacturer acquisition
Sandvik has completed the previously announced acquisition of the Portugal-based company Frezite.
Ethiopia, Algeria officials discuss investment in pharmaceuticals
Nebiat Getachew Assegid, Ambassador Ethiopia to the People’s Democratic Republic of Algeria, discussed with Dr. Abderrahmane Djamal Lofti…
Ethiopia deputy PM meets Switzerland Ambassador
The Deputy Prime Minister and Foreign Minister Demeke Mekonnnen met on Thursday, the Ambassador of Switzerland in Ethiopia,…
IGAD urges Ethiopia, Sudan to stop war
The Intergovernmental Authority on Development (IGAD) urges Ethiopia and Sudan to refrain from further actions that will lead…
Kazana Group of Ethiopia chairman joins 100 Changemakers List
Kazana Group of Ethiopia chairman, Mr. Addis Alemayehou is named in the Rest of the World (RoW)’s 100…