Startups saw record levels of VC investments, according to reports by CB Insights, a leading technology insights firm, which reported global investments of USD 621 billion last year.
In an effort to further renewable energy development SCzone, Egypt’s sovereign wealth fund, has signed a deal to implement the production of 300,000 tons of green ammonia.
The Kingdom of Morocco is aiming to increase its renewable energy output to 12 gigawatts by 2030, according to government sources. The announcement was made at the World Utilities Congress in Abu Dhabi.
Zimbabwe’s participation in the UAE’s Expo 2020 has resulted in a significant rise in enquiries regarding investment opportunities.
n a move that highlights international confidence in Egypt’s ongoing recovery from its currency crisis, the impact of Covid-19 and the difficulties caused by the Ukraine conflict, international rating agency Fitch has assigned the Egyptian economy a rating of B+.
Rwanda and the Abu Dhabi Chamber of Commerce and Industry are keen to expand trade between the two countries and to explore investment opportunities.
The move comes as a continuation of ongoing investments made by Gulf states in the Egyptian economy as it suffers from the impact of the Ukraine war.
The UAE and Saudi Arabia lead Gulf investment across Sub-Saharan Africa.