Browsing: FDI
Swakop Uranium’s Husab Mine, China’s largest single investment in Africa, reports record year as uranium prices increase.
SubsBase, a subscription and recurring revenue management platform, closes its seed round with regional and international support.
African tech investment is dominated by Nigeria, Egypt, Kenya and South Africa, according to a report by Disrupt Africa.
Appetito, an Egyptian online grocery service and Purity, a Saudi-based IT infrastructure firm, have signed an MoU to expand the former’s services across the MENA region.
MENA unicorns set to emerge due to favorable regional conditions, according to a recent report by Saudi firm STV.
Saudi Arabia’s sovereign wealth fund, The Public Investment Fund (PIF) has launched the Saudi-Egyptian Investment Company (SEIC) in order to place investments across a wide range of sectors of the Egyptian economy, from infrastructure and real estate to pharmaceuticals.
MENA startups raised USD 105 million in July, the lowest monthly amount recorded so far this year, according to regional startup investor and development platform Wamda.
Saudi Arabia has announced the launch of The Saudi Investment Promotion Authority (Sipa). The Saudi Ministry of Investment said that Sipa was created as part of a directive issued by King Salman and Crown Prince Mohammed bin Salman.
AD Ports and Hong Kong operator and port investor Hutchison Ports will work together to expand operations across the GCC, Asia and Africa.
Foreign direct investment (FDI) in Egypt grew by 183% in Q1 2022, according to the Central Bank of Egypt (CBE). Q1 saw inflows of USD 4.1 billion, compared to USD 1.4 billion over the same period last year.