Africa Business Finance Headlines International

Côte d’Ivoire gets $450m investment for three projects on sidelines of Africa CEO Summit 2023

The Ivorian Government inked Tuesday three Memorandum of Understanding (MoU) worth $450 million for three projects to increase sustainable economic growth, job creation and private sector development, Anadolu news agency reports, citing a communique issued by national steering Committee for public-private partnerships. The agreements were signed on the sidelines of the Africa CEO Forum held […]

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Sahel and West Africa committed to invest in fertilizers for agri transformation

West African leaders have affirmed their commitment to accelerate investments and reforms to make fertilizers more accessible and affordable during the recent high-level roundtable jointly organized by the World Bank, and the Economic Community of West African States (ECOWAS) and the Togolese government. During the event (31 May), held in Togo’s capital, Lome, industry leaders […]

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Tunisia luring UAE investments

Tunisia has invited United Arab Emirates (UAE) investors to attend the country’s international investment forum slated for early November as authorities seek around $2 billion to supplement the national budget. Samir Saied, the Minister of Economy and Planning, Anadolu news agency reports, met with the envoy of the Gulf country to Tunisia and presented a […]

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Moroccan business operators explore ways to strengthen trade, investment ties with Switzerland

A delegation of the General Confederation of Moroccan Enterprises (CGEM), led by its president, Chakib Alj, conducted, March 21 to 24, a working mission in Switzerland to explore ways to strengthen trade and investment links between Morocco and the Swiss Confederation. During this visit, the delegation held a series of meetings with representatives of various […]

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China’s investment in Tanzania soars, as trade relationship with Nigeria takes dip

China’s investment in Tanzania has hit a record $1.8 billion since President Xi Jinping’s visit in the East African country 10 years ago, while bilateral trade between China and Nigeria has taken dip by about a third in 2022 compared to 2021. China’s direct investment stock in Tanzania is 2.5 times that of 2012, according […]

Africa International

In Ghana, US VP Harris promises to boost ties, investment for Africa

US Vice President Kamala Harris arrived Sunday (26 March) in Ghana for the start of a weeklong visit to Africa intended to deepen her country’s relationships amid global competition over the continent’s future. “I’m very excited about the future of Africa,” Harris said and added that she wanted to promote economic growth and food security […]

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Egypt, Georgia ink agreement to promote investment cooperation

The General Authority for Investment and Free Zones’ (GAFI) CEO Hossam Haiba and CEO of Enterprise Georgia Mikheil Khidureli have signed a memorandum of understanding (MoU) to enhance investment cooperation between the two countries, the Egyptian side said in a statement on Monday. Enterprise Georgia is the corporate body responsible for promoting Georgian investment and […]

Africa Energy International

Paris-headquartered Maurel & Prom pledges to invest $85m in Gabon

Maurel & Prom, an oil company based in Paris, has announced it will invest $85 million to develop its activities in Gabon this year after spending $67 million in the African country last year. Maurel CEO Olivier de Langavant indicated that planned investment in Gabon is a chunk of the company’s total 2023 investment put […]

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EU, France pledge €50m investment in DRC’s infrastructure, mining sector

The European Union has launched an initial mobilization of €50m in Democratic Republic of Congo’s (DRC) critical minerals sector and infrastructure projects on the sidelines of the first-ever Kinshasa Economic Forum. The funding was announced at the inaugural Kinshasa Economic Forum, which brought together representatives from the EU, the DRC and France French President Emmanuel […]

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African leaders to meet in Addis Ababa to fast-tract implementation of free-trade area

African leaders will hold a summit on Saturday and Sunday at the headquarters of the African Union (AU) in Addis Ababa with the aim of accelerating the implementation of the continental free trade area (AfCFTA). The summit, the 36th of the organization, will bring together 35 Presidents and 4 Prime Ministers. The officials will ponder […]