Browsing: Business
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.
Saudi Arabia has been invited to invest in the Djibouti International Free Trade Zone, which is strategically located along coastal trade routes valued at USD 2 trillion USD.
The UAE, Egypt and Jordan have signed the Industrial Partnership for Sustainable Economic Growth to bolster cooperation across the food and agriculture, fertilizer, pharmaceutical, textile, mineral, and petrochemical industries.
Timbuktoo, the headquarters of the United Nations Development Programme’s (UNDP) new innovation financing hub will be based in Kigali, Rwanda.
Real estate service provider Jones Lang LaSalle’s (JLL) latest reports have indicated that construction in the Middle East and Africa (MEA) region continues to grow despite increasing price pressure.
Online used-car retailer Sylndr has announced the raising or USD 12.6 million in a pre-seed round led by RAED Ventures, with participation from Algebra Ventures, Global Founders Capital, 1984 Ventures and Nuwa Capital along with a series of regional angel investors.
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.
KFC Africa and the National Basketball Association (NBA) have partnered to launch a series of promotions, campaigns and activations aimed at basketball fans in Botswana, Ghana, Ivory Coast, Kenya, Namibia, Nigeria, Senegal and Tanzania.