According to a European Bank for Reconstruction and Development (EBRD) August 2022 press release, the EBRD is supporting Turkey’s transition towards a green economy with a $127 million loan to Turkey’s Isbank.
Investment Index: Top 5 African countries by Foreign Direct Investment
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.
The Dutch Entrepreneurial Development Bank (FMO) provides $25 million credit facility to Armada Foods
According to a Dutch Entrepreneurial Development Bank (FMO) August 2022 press release, the bank is contributing towards achieving Sustainable Development Goal 2 on hunger reduction by providing a $25 million credit facility to a Turkish agribusiness company, for the construction of a new complex, called Armada Foods.
$2.225 million Green Economy Finance Facility (GEFF) for micro, small and medium enterprises (MSMEs) approved in Jordan
According to a European Bank for Reconstruction and Development (EBRD) August 2022 press release, the Green Climate Fund (GCF) and the EU have approved for its local partner, Jordan’s Microfund for Women (MFW), a US$2.225 million Green Economy Finance Facility (GEFF) for micro, small and medium-sized enterprises (MSMEs) to promote green energy transition investments.
€145 million credit agreement signed for the construction of the Togo Adétikopé industrial platform
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.
Addressing project delays in Uganda with a new digital data collection tool
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.
The Austrian Development Bank AG (OeEB) strengthens commitment towards Sustainable Development Goals
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.
FMO and CFM invest in Climate Investor 2
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).
Togo receives €16.2 million in funding to promote affordable and clean energy
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.
Afreximbank and SADC launch Africa Trade and Investment Marketplace
African Export-Import Bank (Afreximbank) and the Southern African Development Community (SADC) Business Council have launched the SADC Africa Trade and Investment Marketplace.
Top 10 Countries by risk rating: Africa
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.
What is a market risk portfolio?
Market risk is important to consider when you’re looking at your investments. When assessing the potential for loss in a particular market, investors frequently take a number of different sources and variables into consideration. There are various types of market risk, including: interest rate risk, commodity risk, currency risk, and country risk.
Is Egypt open for business or is foreign investment scuppered?
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.
British International Investment, Standard Bank and H1 Holdings back a South African renewable energy technology project
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.
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.
World Bank Provides New Financial Assistance to Africa Centres for Disease Control
The World Bank has approved a new tranche of financial assistance, for the Africa Centres for Disease Control.
African Development Bank (AfDB) and China contribute €87.6 million to Côte d’Ivoire agro-industrial hub
According to an August 2022 African Development Bank (AfDB) press release, The AfDB and China are contributing €87.6 million to the construction of the northern agro-industrial hub in Sinématiali (Côte d’Ivoire). The project will cover 100 hectares.
West African SMEs and women-led businesses to receive a financial boost
According to an International Finance Corporation (IFC) August 2022 press release, small and medium-sized enterprises (SMEs) and women-led businesses in West Africa will receive a financial boost through the Uhuru Growth Fund I that provides them with growth capital.
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.
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