Browsing: FDI
A delegation from Sierra Leone met with representatives of Qatar Chamber to explore economic opportunities as Qatar’s trade surplus soars.
According to startup and investment platform Wamda, MENA region startups raised USD 176 million across 42 deals in May.
Trade between Ethiopia and the UAE has surpassed USD 2.5 billion over the past five years, according to the Ethiopian Ministry of Trade and Regional Integration.
The UAE’s Minister of Economy will lead a delegation to Morocco to explore how the two countries can strengthen economic ties.
The CEO of the Egyptian General Authority for Investment and Free Zones met with representatives of the Qatari Businessmen Association to discuss investment opportunities.
Masdar, Abu Dhabi’s sovereign investment company’s green energy producer, and Egypt’s Infinity Energy are set to buy a majority stake in South Africa’s Lekela Power. The deal would involve buying private equity firm Actis’ stake, in a deal valued near USD 1 billion.
Egypt has awarded eight gold and metal mining exploration licenses in the country’s eastern desert region.
Timbuktoo, the headquarters of the United Nations Development Programme’s (UNDP) new innovation financing hub will be based in Kigali, Rwanda.
A Saudi delegation led by Royal Court adviser Ahmed bin Abdulaziz Kattan has visited a number of East and Southwest African states in an effort to boost economic and political ties while seeking support for the Kingdom’s hosting of Expo 2030 in Riyadh.
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.