Egypt named top for investment attraction in Africa
18/10/2018Egypt accounts for some 48% of foreign investment in Africa and this percentage is expected to rise. In 2017, Foreign Direct Investment (FDI) in the country rose to an estimated.
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Most Recent News
Business & Economy
South Africa gets $35 Bn in investment pledges towards $100 Bn goal
11/10/2018South Africa has investment commitments of $35 billion as part of plans by President Cyril Ramaphosa to attract $100 billion over the next five years to revive the country’s flagging.
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Business & Economy
Saudi’s IDB plans infrastructure funds for Africa, Asia to fill investment gaps
11/10/2018Saudi-based Islamic Development Bank (IDB) plans to launch two funds focused on Africa and Asia in 2019, Arab News reported. The new funds aim to raise a combined $1 billion.
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Africa
Business & Economy
Egypt’s Sisi discusses investment, energy, tourism cooperation with Greek PM Tsipras
10/10/2018Egyptian President Abdel-Fattah El-Sisi discussed economic ties and tourism and energy cooperation with Greek Prime Minister Alexis Tsipras during talks in Crete on Wednesday, his spokesman said in a statement..
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Business & Economy
[Angola] BFA adds new investment center to serve high end customers
10/10/2018Angola’s Banco de Fomento (BFA) has opened in Cabinda its first investment Center in BFA in the province and the 10th specialized point in the country. The Cabinda investment center.
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Business & Economy
FG commits N1.7trn to capital investment – Osinbajo
08/10/2018Vice President Yemi Osinbajo says the Federal Government has spent N1.7 trillion in capital investment in two budget years. Osinbajo disclosed this while addressing participants at the 9th Presidential Quarterly.
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Business & Economy
Morocco’s Trade Deficit up 12.6%, Foreign Direct Investment down 8.6%
06/10/2018By the end of August 2018, Morocco’s trade deficit year-to-date had increased to MAD 77.8 billion, up from MAD 69.1 billion in the same period of 2017. The trade deficit.
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Business & Economy
Indian firm Bajaj Electricals to increase investment in Nigeria
04/10/2018Bajaj Electricals and its main distributor in Nigeria, MACE Nigeria Limited, have announced plans to expand the investment of the Indian manufacturing company in Nigeria by increasing the volume of.
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Business & Economy
‘Foreign investors ready to increase investments in Nigeria’
29/09/2018The Minister of Budget and National Planning, Senator Udo Udoma, has expressed appreciation to foreign investors for the interest they continue to show in Nigeria and their willingness to spread.
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Business & Economy
Kenya: World Bank Unit Invests Sh20 Billion in Kenya Firms
28/09/2018World Bank’s private financing arm International Finance Corporation invested Sh20 billion in Kenya the year ended June and expects that this will at least double in the year ending next.
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