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IFC invests $11.5 billion in Africa in 2023

IFC invests $11.5 billion in Africa in 2023

August 28, 2023

The International Finance Corporation (IFC) of the World Bank Group provided record financing of $11.5 billion in Africa in 2023, helping to accelerate social and economic growth in multiple frontiers.

Africa favorable for green businesses - UN report

Africa favorable for green businesses – UN report

August 18, 2023

Africa’s private sector can bolster its green agenda and drive increased GDP, higher income per capita, create tens of millions of jobs, and foster collaboration between governments, businesses and local communities according…

Mali invites Russian businesses

Mali invites Russian businesses

July 28, 2023

The Finance and Economy Minister Alousseny Sanou and the head of the investment promotion agency Musa Ismaila Toure invited Russian businesses to invest in the promising sectors that includes agriculture, mining, energy…

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…

FDI flows from Russia to Ethiopia

FDI flows from Russia to Ethiopia

July 16, 2023

By Melaku Kinfegabriel – In recent years, Russian investors have shown an increasing interest in investing in Ethiopia, a country located in the Horn of Africa.

Africa presents opportunities for Asian investors

Africa presents opportunities for Asian investors

July 14, 2023

Africa offers vast investment opportunities for Asian countries with the appropriate incentives for their private sectors, Prof. Kevin Urama, Chief Economist and vice president of the African Development Bank Group, has affirmed.