Author: GAR STAFF

According to a report by McKinsey and Company, one of the world’s leading business analysis and consultancy firms, Africa’s fintech industry could see revenues soar to USD 30.3 billion by 2025.

International project developers and private equity firms have pledged to invest USD 32 billion in green hydrogen and ammonia projects in Egypt’s Suez Canal Economic Zone (SCZONE). This follows on from USD 10 billion pledged in May.

The Dubai Diamond Exchange: Diamond trade up by 24.7% year on year in the first half of 2022.

SubsBase, a subscription and recurring revenue management platform, closes its seed round with regional and international support.

Al Ain Farms will export local dairy products to countries including Kenya, Tanzania, Rwanda and Ghana and Zambia.

African tech investment is dominated by Nigeria, Egypt, Kenya and South Africa, according to a report by Disrupt Africa.

AfricInvest Maghreb Private Equity Fund IV, administered by AfricInvest, a leading African investment platform, has invested USD 30 million in a Pre-Series B funding round in ArabyAds, a leading MENA region AdTech firm.

Non-oil trade is up by 17% over H2 2021 as the government works to sign international agreements and partnerships.

The Group 42 fund will operate as a private equity investor and will target high-growth markets.

DP World, Dubai’s major operator of ports and terminals, announced revenue growth of 60.4% in H1 2022, recording revenues of USD 7.93 billion.