Browsing: Business
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.
Imperial, a transportation, logistics and supply firm owned by DP World, Dubai’s multinational logistics company, has increased its stake in Botswana’s PST Sales & Distribution (PST) from 38% to 72%.
Backed by local and international capital, Cartona seeks to “turbo charge” expansion.
The Nilepreneurs Initiative for Entrepreneurship, an Egyptian startup support program, has announced the launch of four new courses for business incubators to support startups.
The Nigerian United Bank for Africa Group opens a branch at DIFC to attract business from across the Middle East.
Mulk International is set to build the high-tech park outside Harare. The park is expected to bolster Zimbabwe’s economic development.
Bilateral trade between South Africa and Qatar reached USD 177.4 million in the first half of 2022, according to South Africa’s ambassador to Qatar, Ghulam Hoosein Asmal.
Africa’s emerging markets are seeing increasing levels of investment, as investors seek out unique firms and engaging products and the continent exhibits huge potential.