Algebra Ventures’ second fund completes its first close at USD 100 million and will make its final close in Q1 2023.
Qatari investors will be invited to discover investment opportunities in South Africa, according to Fikile Mbalula, South Africa’s Transport Minister.
MENA startups raised USD 105 million in July, the lowest monthly amount recorded so far this year, according to regional startup investor and development platform Wamda.
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.
FDI in the Arab world largely centered on the UAE between 2002 and 2021 according to a report by Dhaman.
ASIF will focus on mobilizing capital and equity, promoting green projects and investing in logistics to improve interconnectivity within the continent.
Saudi Crown Prince Mohammed bin Salman is set to embark on a regional tour to bolster international co-operation.
The UAE’s Minister of Economy will lead a delegation to Morocco to explore how the two countries can strengthen economic ties.