Ethiopia will receive $100 million from the UAE Khalifa Fund for Enterprise Development, KFED, to help promote a culture of innovation and finance prominent projects in the African country. The new agreement, which was signed by Hussain Jasim Al Nowais, chairman, KFED and Admasu Nebebe, Ethiopian Minister of Finance, will help enhance innovation and support […]
Laureate Education, a Baltimore-based company, said it will sell its university in Morocco, Université Internationale de Casablanca, for $53.6 mln to KMR Holding Pédagogique, a company that owns the Private University of Marrakech and invests in education in west Africa. The Université Internationale de Casablanca, which opened in 2010, is one of the few state-recognized […]
Only three African nations control about 56% of the continent’s total wealth, according to the 2022 Africa Wealth Report published by UK investment consultancy firm Henley & Partners in partnership with South African wealth intelligence firm New World Wealth. South Africa, Egypt, Nigeria, Morocco, and Kenya are Africa’s wealthiest countries. The first three countries possess […]
