04/29/2019
Is the well of Chinese credit really bottomless?
Where Ethiopia hoped to renegotiate long overdue obligations to China, Kenya and Uganda were expected to seek financing for pending SGR projects.
Alternative Investments
04/26/2019
Data Center Construction Market in Middle East & Africa - Industry Outlook and Forecast 2019-2024 - ResearchAndMarkets.com
The investment in the data center market in Middle East and Africa (MEA) region is growing significantly, aided by the construction of data center facilities by telecommunication providers, enterprises, government, cloud and colocation service providers.
04/26/2019
New $1 billion fund launched at ADGM
Abu Dhabi Catalyst Partners seeks to realise commercial returns by partnering with top tier and up-and-coming investment firms and industry-leading businesses and professionals who will benefit from building a meaningful and sustainable presence in Abu Dh
04/26/2019
South African companies must seize FDI opportunities in Africa
The biggest FDI is by Bidvest, followed by Standard Bank, which secured 28% of its headline earnings from these investments in its last financial year.
04/26/2019
Kasada Capital Management raises over USD 500m for new hospitality fund dedicated to Sub-Saharan Africa
The first platform of its kind in Sub-Saharan Africa, Kasada Capital Management intends to bridge the gap between the local hospitality market players and international investors.
04/26/2019
World Bank’s new president to visit sub-Saharan Africa
Malpass was quoted as saying that Africa was a key priority for the bank, due to its high concentration of the world’s poorest people.
04/25/2019
Finserve inks pay deal with e-commerce firm
Jenga Payment Gateway makes it possible to undertake payments on American Express, Visa and MasterCard among other electronic mobile wallets.
04/25/2019
Buyers of troubled banks eye bargains
“Transactions are happening at significantly cheaper valuations, perhaps due to the smaller banks’ relatively poor performance, leading to liquidity constraints, which may warrant even further capital injections, hence the cheaper acquisition
04/25/2019
Kenyan SMEs stifled by lack of financing
Kenya's First Lady Margaret Kenyatta admires a sample of the exhibited products at the official opening of the Regional Family Conference in May 2018 at KICC, Nairobi.
04/25/2019
BoG To Clean Forex Bureaus
Mr Abradu-Otoo also noted that the central bank was confident the cedi would continue to hold its value for the remainder of the year.
04/25/2019
AfDB Active Portfolio in Nigeria hits $4.5bn
At a meeting with the African Development Bank President in Abuja, President Muhammadu Buhari commended the Bank for its successes and pledged Nigeria’s continuous support for the institution
04/24/2019
Rwanda opens doors to UAE investors
The forum discussed ways of developing the UAE-Rwanda economic and trade relations and shed light on Rwanda’s investment environment.
04/24/2019
Uganda’s current account deficit surges to $2.7 billion
A rising import bill usually triggers higher demand for foreign currency among importers and a decline in the local shilling.
04/24/2019
AfDA invests $258m on rehabilitation of damaged infrastructural facilities in N/East – Adesina
He revealed that the African Investment Forum which was organised by the bank in 2018
04/23/2019
African free trade area could be operational in July
The trade bloc spanning 49 countries with a combined GDP of $3trillion, will facilitate inter-regional trade, boost growth and help to alleviate poverty, its supporters say.
04/23/2019
Sudan receives $3 billion from Saudi Arabia, UAE
In recent years Sudan has been hit by an acute lack of dollars, a key factor behind the nationwide protests that led to the toppling of Bashir by the army this month.
04/22/2019
Mauritians eyeing more investments in East Africa
Kenya has attracted the largest number of investors, with data showing that the islanders have invested over Ksh10 billion ($100 million) in the country, mostly in financial services and the sugar sector.
04/22/2019
Why foreigners are buying luxury homes in Kenya
“The tourist season is also one of the longest anywhere at 40 weeks a year, with no typhoon season or extreme weather conditions to trouble it—only the rainy season around Easter.
04/18/2019
Botswana's Blue Diamond Set to Challenge Its Most Famous Rival
Okavango Blue graded higher than Hope Diamond for purity
04/17/2019
Mauritius puts India-focussed funds, others under its regulatory lens
The increased scrutiny is pushing back timelines and jacking up costs of setting up India-focussed funds in Mauritius