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 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 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 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).
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