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.
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 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.
Emirates Development Bank (EDB) is supporting the UAE’s post-COVID-19 economic recovery and acceleration efforts with a new AED 100 million facility for SMEs.
The Rwandan Community Abroad (RCA) and MTN Rwanda connect 1700 additional households to electricity.
The Development Bank of Uganda and the European Union have announced the development of a second tourism facility, estimated to be valued at $16 million.
The African Development Bank (AfDB) has approved $150 million in new financing for the Nairobi-Nakuru-Mau Summit Highway project, under the Kenyan government’s First Mover public-private partnership (PPP) programme.
ABiQ outlines the top 3 benefits of public private partnerships for development in Africa. A public-private partnership (PPP) is a contract between a public entity and a private organisation.
The World Bank has approved a $300 million grant to Mozambique. This grant is intended to help the country promote good governance, sustainable development and improve the ease of doing business in the country.
ABiQ outlines the top 3 benefits of public private partnerships for development in the UAE.
ABiQ data shows that the African continent will face significant water shortages by 2030. Africa’s population is set to increase by 25% over the next few years, growing from 1.340 billion in 2020 to 1.617 billion in 2030.
Our team is ready to help.
Get access to trusted and valuable data to inform your business decisions and open opportunities for growth.