Learn more about construction projects in Africa and the Middle East

Norfund and KLP to invest USD in CrossBoundary Energy

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 to take a stake in the African Finance Corporation

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.

Infinity Group and Africa Finance Corporation to acquire Lekela Power

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.

$126 million investment set to boost infrastructure across Africa

A new $126 million investment is set to boost the renewable energy, digital infrastructure, mobility and logistics sectors in Africa.

COMESA Secretariat & AfDB launch phase 1 of the Africa Cloud Ecosystem Project

The COMESA Secretariat & African Development Bank have launched phase 1 of the Africa Cloud Ecosystem Project. The project received a $550,000 grant from the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund, to conduct the market analysis and pre-investment study.

Export Bahrain signs MOU with the Bahrain Development Bank

Export Bahrain has signed a Memorandum of Understanding with the Bahrain Development Bank (BDB). According to a July 2022 BDB press release, the MOU will provide further export services to Bahrain-based companies in the form of preferential rates when obtaining financial support.