Tag: investment

Sudan rejects reports of Iran’s bid for Red Sea navy base, as Russian base is on hold

March 12, 2024

Sudan has dismissed all reports of Iran’s intention to establish a naval base on the country’s Red Sea coast, which comes at a time when ... Read More

Sub-Saharan Africa: Investment in renewables needs to increase five-fold to meet COP28 goals

February 19, 2024

Sub-Saharan Africa’s investment in renewable energy needs to be boosted five-fold to meet the commitment of increasing global clean energy capacity to 11,500 gigawatts by ... Read More

UK Defense Think-Tank: London Should Back Morocco’s Autonomy Plan Offering Workable Solution to Sahara Issue

February 1, 2024

The United Kingdom should support Morocco’s Autonomy Plan offering a workable solution to the Sahara issue, says a leading UK defense and security think-tank. The ... Read More

Italian PM Meloni’s ‘Africa plan seeks to swap energy investment for migration curbs

January 30, 2024

The chair of the African Union Commission (AUC) has welcomed Italy’s plan to strengthen relations between Europe and Africa that also includes a proposal to ... Read More

Africa Collective to showcase continent’s opportunities during its week-long agenda in Davos

January 14, 2024

Africa Collective, an independent, business-driven network dedicated to creating a platform for exchange and action on African topics, will kick off a series of activities ... Read More

Aeronautics: Safran Commits to Support Morocco’s Aerospace Ecosystem

December 7, 2023

Safran group, a leader in aircraft equipment manufacturing, has pledged to support and develop further Morocco’s aerospace industry ecosystem which continues to attract foreign investment. ... Read More

Australian Desert Metals acquires gold and lithium mine fields in Cote d’Ivoire

December 6, 2023

Desert Metals, a mining company listed in Australia, has acquired Côte d’Ivoire-based CDI Resources Limited (CDI) that controls seven gold and lithium projects in the ... Read More

Tanzania doubles its FDI inflows to over $1bn in 3Q, reflecting investor confidence

November 28, 2023

Tanzania’s Foreign Direct Investment (FDI) figures went up almost twofold year-on-year to $1.05 billion between July and September against $524.4 million in the same period ... Read More

AfDB calls for more investment in agriculture to tackle Africa’s ‘great paradox of development’

November 10, 2023

Africa Development Bank (AfDB) has announced the launch of the Special Agro-Industrial Processing Zones Alliance (SAPZ) to mobilize at least $2 billion in financing and ... Read More

Norwegian STAR SEAFOOD to invest €100m in Mauritania

November 1, 2023

STAR SEAFOOD, a Norwegian Seafood Company, is mulling plans to inject €100 million into Mauritania’s Nouadhibou free trade area for a three-phase project that will ... Read More