Saudi Arabia can expect a third of the contract awards in the Middle East’s real estate sector. The Middle East’s real estate sector will account for 53% of all project awards during 2023.
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.
Innovation for transformation: how technology can change socioeconomic outcomes
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.
How does infrastructure development support economic development in fragile economies?
ABiQ outlines how infrastructure development supports economic development in fragile economies.
5 ways to strengthen African capacity for development
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.
Macro investing vs micro investing: What’s the difference and why does it matter to Africa?
ABiQ explores the differences between macro investing and micro investing.
How do global economies depend on the UAE oil fields?
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.
Investment Index: Top 5 Middle Eastern countries by foreign direct investment (FDI)
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.
Cameroon to establish Agricultural Sector Development Fund
According to an African Development Bank (AfDB) September 2022 press release, Cameroon’s Ministry of Agriculture and Rural Development and the Commercial Bank of Cameroon have signed an agreement for the creation of an Agricultural Sector Development Fund in the country.
AgriFoodTech startups raise $1 billion in five years in Africa
According to a Dutch Entrepreneurial Development Bank (FMO) September 2022 press release, AgriFoodTech start-ups have raised $1 billion in five years in Africa. This, however, represents less than 1 percent of global investment.
7 companies & Nigerian government reaffirm commitment to support the goals of the CEDI
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.
US government approves $5 million grant to support the fight against methane gas emissions in Africa
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.
Afri-Caribbean Trade and Investment Forum 2022 (ACTIF2022) concluded with the signing of 14 agreements and memorandums of understanding (MoUs)
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).
IMF to disburse SDR 24.44 million to help the Republic of Madagascar with economic recovery
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.
EBRD approves $100 million loan to Banque Misr
According to a European Bank for Reconstruction and Development (EBRD) September 2022 press release, the EBRD has approved a $100 million loan to Banque Misr.
The Lusophone Development Compact will receive a €400 million boost from the Portuguese government and the AfDB
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.
IMF Extended Credit Facility (ECF) arrangement of SDR 978.2 million for Zambia
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.
IFC to invest $4.5 million in Agro Bar Magen Nigeria
The International Finance Corporation (IFC) is investing $4.5 million in Agro Bar Magen Nigeria to build the country’s first salt and mineral block licks production plant.
International Finance Corporation celebrates 60 years of partnerships in Tunisia
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.
Abu Dhabi or Dubai – Which would you invest in first?
Abu Dhabi is the capital of the United Arab Emirates (UAE). Abu Dhabi is the largest emirate by size and GDP contribution. Abu Dhabi boasts a large talent pool with a strong focus on science, technology, engineering and entrepreneurship.
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