“RIA” is intended to compete against large Gulf carriers and to support Saudi’s tourism and passenger transfer drive.
The Botswana Power Corporation signs with Scatec of Norway to create a large scale solar PV plant
The Botswana Power Corporation has signed an agreement with Scatec to create a 50 MW solar power plant as part of the country’s shift to green power.
Swakop Uranium’s Husab Mine, China’s largest single investment in Africa, reports record year as uranium prices increase.
McKinsey: African fintech report predicts surging growth
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.
Dubai Diamond Exchange announces diamond trade of USD 19.8 billion in H1 2022
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.