According to a July 2022 press release, the Norwegian Investment Fund for Developing Countries (Norfund) and Norway’s largest pension company, KLP, will jointly invest USD 40 million in equity in CrossBoundary Energy (CBE) to help the company expand its renewable energy solutions for businesses in Africa.
ABiQ outlines how technology can change socioeconomic outcomes.
Technology advances at an exponential pace, every day. Technology has the potential to drastically change socioeconomic outcomes, especially in underdeveloped countries.
ABiQ outlines how infrastructure development supports economic development in fragile economies.
ABiQ outlines 5 ways to strengthen African capacity for development. Africa is the land of opportunity. Africa is a continent rich in natural resources and home to an abundance of untapped opportunity waiting to be utilised.
ABiQ explores the differences between macro investing and micro investing.
ABiQ outlines how global economies depend on the United Arab Emirates (UAE) oil fields. The UAE is made up of seven emirates, including: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Sharjah and Umm Al-Quwain.
In this article, ABiQ outlines the top 5 Middle Eastern countries by Foreign Direct Investment (FDI). In recent years, the Middle East has increased regional efforts to enhance its investment landscape.
According to an African Development Bank (AfDB) September 2022 press release, Cameroon’s Ministry of Agriculture and Rural Development and the Commercial Bank of Cameroon have signed an agreement for the creation of an Agricultural Sector Development Fund in the country.
According to a Dutch Entrepreneurial Development Bank (FMO) September 2022 press release, AgriFoodTech start-ups have raised $1 billion in five years in Africa. This, however, represents less than 1 percent of global investment.
According to a US State Department September 2022 press release, the government of the Federal Republic of Nigeria has signed a letter of intent with seven companies in Lagos.
According to an African Development Bank (AfDB) September 2022 press release, the US government, through its special envoy, John Kerry, has announced that it is supporting the African Development Bank in its fight against methane emissions across the continent with a $5 million grant.
According to a Afreximnbank September 2022 press release, the AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) concluded with the signing of 14 agreements and Memorandums of Understanding (MoUs).
According to an International Monetary Fund (IMF) September 2022 press release, the IMF will disburse SDR 24.44 million (approximately US$31.9 million) to the Republic of Madagascar.
According to a European Bank for Reconstruction and Development (EBRD) September 2022 press release, the EBRD has approved a $100 million loan to Banque Misr.
According to an African Development Bank (AfDB) September 2022 press release, the AfDB and Portugal have signed a €400 million guarantee agreement to finance private sector initiatives and public-private partnership (PPPs) projects in Portuguese-speaking African member countries.
According to an International Monetary Fund (IMF) August 2022 press release, the Fund’s Executive Board recently approved a 38-month SDR 978.2 million (US$1.3 billion) Extended Credit Facility (ECF) arrangement for Zambia.
The International Finance Corporation (IFC) is investing $4.5 million in Agro Bar Magen Nigeria to build the country’s first salt and mineral block licks production plant.
The International Finance Corporation (IFC) celebrates a successful 60 year partnership with Tunisia during August 2022. The IFC has investments worth $1 million in key sectors of the economy.
Abu Dhabi is the capital of the United Arab Emirates (UAE). Abu Dhabi is the largest emirate by size and GDP contribution. Abu Dhabi boasts a large talent pool with a strong focus on science, technology, engineering and entrepreneurship.
According to a Dutch Entrepreneurial Development Bank (FMO) August 2022 press release, FMO and Startupbootcamp AfriTech are joining forces. This collaboration seeks to support technology start-ups in Africa.
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