Browsing: Business

According to the AfDB, the UAE is planning widespread investments in Africa and could well join the organization in the future.

he Democratic Republic of Congo’s (DRC) state electricity company, Société Nationale d’Électricité (SNEL), and Dubai-based independent power producer, AMEA Power, have signed a Memorandum of Understanding (MoU) to begin exploring the production of 30 megawatts of power in the DRC.

The company was listed as a ‘Disruptor’ and has gained international support from a variety of investors.

n a move signaling an improvement in the relationship between the two countries, Qatar will invest USD 5 billion in Egypt, according to government sources.

of USD 491 million, according to Magnitt’s 2021 Egypt Venture Capital Report.

The GEC will run for four days and will host 150 speakers.

Egypt’s FlapKap, a Egyptian fintech startup, has recently completed a USD 1.2 million fundraising round led by A15, a MENA venture capital firm known for backing early-stage startups across the region.

have each signed a separate non-binding memorandum of understanding (MoU) to become the first potential partners of the MENA regional Voluntary Carbon Market (VCM).

PayU, a unit of South African multinational holding company, Nasper’s Ltd., and Egypt’s largest bank, National Bank of Egypt, have invested in Egyptian fintech firm Lucky. The funds will be used to allow Lucky to expand into the Middle East.

The Luxembourg House of Financial Technology (LHoFT) Foundation has announced the selection of 10 African fintech startups to join CATAPULT: Inclusion Africa: Special Edition in Dubai.