This year’s African Investment Forum (AIF), the continent’s premier investment platform, attracted a record $63.8bn in investment pledges for infrastructure projects, but experts warn of historically low success rates in bringing projects into fruition. The vast networking event brings together African entrepreneurs, decision-makers, bankers. In 72 hours, the African Development Bank (AfDB) and its partners […]
Chinese power and fiber optic cable manufacturer Hengtong will set up a plant in Egypt to produce fiber cable as result of a deal between the Chinese company and the Suez Canal Economic Zone (SCZONE). Hengtong will invest $18 million for the project with a capacity of up to 2 million kilometers in the zone. […]
The Global Environment Facility (GEF) and the UN Development Program (UNDP) have announced Thursday a $10 million program to build capacity for flood and drought forecasting in Somalia. The project is expected to promote water security and access for more than 360,000 farmers and pastoralists during prolonged droughts and flood, the UNDP announced in a […]
