Tag: investment

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

Hand-in-Hand Investment Forum aims to boost funding for agrifood systems in Sahel

October 30, 2023

Governments from Africa’s Sahel have recently met with potential donors and other organizations at the Hand-in-Hand Investment Forum 2023, organized by the Food and Agriculture ... Read More

China’s Hengtong to manufacture fiber-optic cables in Egypt

October 19, 2023

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 ... Read More

Samsung gets golden license to set mobile phone factory in Egypt

August 31, 2023

Egypt Wednesday August 30 accorded South Korean tech giant Samsung a golden license to set up a mobile phone plant to produce, after the North ... Read More

BP mulls plans to invest $3.5bn in Egypt over next three years

August 30, 2023

British Petroleum (BP), an oil and gas global giant, announced Monday August 28 plans to inject $3.5 billion in Egypt for the next three years. ... Read More

Danish firm to increase investments in Kenya’s booming energy market

August 16, 2023

Danfoss, a Danish energy solutions company, is eyeing the growing data centre market in Kenya’s data center sector, partnering with local companies and institutions to ... Read More