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) celebrates a successful 60 year partnership with Tunisia during August 2022. The IFC has investments worth $1 million in key sectors of the economy.
According to an Eskom August 2022 press release, Eskom is partnering with the South African Renewable Energy Technology Centre (SARETEC) by signing a Memorandum of Agreement (MOA) that outlines their joint intention to work together with the aim of developing artisanal renewable energy skills in South Africa.
According to an Afreximbank August 2022 press release, the GasMeth compressed natural gas project in Rwanda is estimated to be worth over USD 300 million.
In this article, ABiQ outlines the Top 5 African countries by Foreign Direct Investment (FDI).
In recent years, Africa has exerted a tremendous amount of effort to enhance its investment landscape. Africa has an abundance of natural resources that remain untapped.
According to an Afreximbank August 2022 press release, Afreximbank, Ecobank Togo, and BIA Togo have signed a credit agreement worth €145 million for the construction of the Adétikopé Industrial Platform infrastructure.
According to an African Development Bank (AfDB) August 2022 press release, addressing the delays in AfDB-funded projects in Uganda and accelerating project implementation will now be possible.
According to an Austrian Development Bank (OeEB) March 2022 press release, the OeEB is strengthening its commitment towards achieving the Sustainable Development Goals number 1 “on poverty eradication” and number 13 “on climate action” in developing countries, including countries across Africa.
According to a July 2022 Dutch Entrepreneurial Development Bank (FMO) press release, a new $145 million investment by FMO and Climate Fund Managers (CFM), called Climate Investor 2 (“CI2”), has been approved by the Green Climate Fund (GCF).
According to an August 2022 International Finance Corporation (IFC) press release, energy supplier, Zener SA will receive €16.2 million from the IFC to promote affordable and clean energy in Togo by helping the country build more liquefied petroleum gas (LPG) storage terminals and equip more filling stations with LPG cylinders and solar kits.
African Export-Import Bank (Afreximbank) and the Southern African Development Community (SADC) Business Council have launched the SADC Africa Trade and Investment Marketplace.
ABiQ outlines the Top 10 countries by risk ranking in the Middle East. The Middle East has been classified as a high-risk investment environment for a considerable amount of time. The Middle East has experienced varying problems, including political instability, civil conflict, corruption, and financial instability. These factors have previously driven away investors.
ABiQ provides a risk rating for each country in Africa. The overall country risk rating is a composite rating. This composite rating is a measure that outlines to what extent economic, political, financial, health, security and other factors can affect investing and doing business in a country. The rating ranges from 1-10, with 1 being the best possible rating, and 10 being the worst possible rating.
Egypt is most certainly open for foreign investment. As part of the country’s attempts to boost foreign investment, the Egyptian government recently announced that it has granted a special golden licence to foreign investments in specific industries.
According to a July 2022 press release, British International Investment (BII), Standard Bank, and H1 Holdings are backing a $1 billion renewable energy technology project in South Africa.
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.
The Public Investment Corporation (PIC) is set to take a $100 million stake in the African Finance Corporation (AFC). This investment will boost infrastructure development across the continent, which currently has an infrastructure financing gap of at least $93 billion a year.
According to a July 2022 press release, the Infinity Group and Africa Finance Corporation (AFC) will acquire Lekela Power. Lekela Power is Africa’s largest independent renewable energy producer, with a portfolio of 2.8 GW of projects across Africa.
A new $126 million investment is set to boost the renewable energy, digital infrastructure, mobility and logistics sectors in Africa.
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