This is your complimentary issue of the weekly Africa Investment Alert, which highlights news from local and international media on both internal and external investment in Africa. To find out more about our other Alerts visit our web site. Feel free to forward this Alert to friends or colleagues.

Africa Alert

Africa Investment

Published: 19 Jan 2020 08:18

 Africa Investment (105) 

Top Stories

Africa, EU: EU Commission provides 8.5m euros to VET pilot projects in Africa and the Western Balkans

The European Commission has long been advocating for its commitment to invest in young people, education and skills. - Africa and the Western ...

Source: New Europe (14 Jan 2020 )  Share

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Africa, UK: Liverpool engineers help African nations shift towards clean energy

LONDON, United Kingdom, January 15, 2020/APO Group/ -- Liverpool engineering company Clarke Energy is helping African businesses reduce carbon emissions thanks to innovative hybrid engines. During a visit to Merseyside ...

Source: Africa Newsroom (15 Jan 2020 )  Share

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Africa, UK, China: Ministers plan to usurp China as Africa's biggest investor

The government plans to use City expertise to take on China and make Britain Africa's preferred investment partner. Alok Sharma, the international ...

Source: The Times (17 Jan 2020 )  Share

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Africa: Africa Braced For Massive Investment Drive

Two big Africa Investment Summits are planned this quarter which are designed to set a new investment path into the continent. Later this month the ...

Source: 7dnews (14 Jan 2020 )  Share

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Africa: The Brief: Big opportunities in small businesses in Africa, soil restoration REIT, social housing in ...

Small businesses, big opportunities: Where to hunt for impact investments in Africa this year. The World Bankforecasts economic growth in sub-Saharan Africa to pick up to 2.9% (from an estimated 2.5% in 2019). But global investors watching indicators like oil and commodity exports may be missing the real story, according to local and regional impact investors. For example? Financial inclusion, logistics and smallholder agriculture. “There are so many more investment opportunities in Africa than people will see from afar,” Goodwell Investments’ Wim van der Beek tells ImpactAlpha.

Source: (09 Jan 2020 )  Share

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Africa: Big investment in African tech set to continue in 2020

2019 was the year that dealmaking on the continent got serious. Very serious. In November alone, indeed one specific seven-day period in the month, investors announced over $400m for various fintechs on the continent. This was the wildest week the sector had ever witnessed. And no, it wasn’t a flurry of announcements for modest rounds, but in fact a succession of big-ticket ...

Source: Ventures Africa (06 Jan 2020 )  Share

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East Africa: EAC intra-trade rose by 5.6 per cent in 2018, figures say

By Zephania Ubwani @TheCitizenTz Arusha. Intra-regional exports within the East African Community (EAC) bloc grew by 5.6 per cent in 2018, wile cross-border imports shot up by 13.9 per cent. Cross-border exports during the year amounted to $3.2 billion in value, up from $2.9 billion in 2017, according to the EAC Trade and Investment Report ...

Source: The Citizen (14 Jan 2020 )  Share

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Angola, Nigeria: Nigerianos com interesse em investir em Angola

O interesse do empresariado nigeriano foi manifestado durante um encontro com a embaixadora de Angola na África do Sul, Filomena Delgado. “Angola está a construir uma nova geografia económica que reforça a nossa confiança como investidores internacionais”, afirmou o empresário nigeriano Samuel Onwubu para quem a nova mensagem do ...Translate

Source: Angop Angola Press Agency (17 Jan 2020 )  Share

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Ethiopia, China: La firme textile Shangtex Holding Co investira 65 millions $ dans le parc Bole Lemi II

(Agence Ecofin) - La firme textile chinoise Shangtex Holding Co a signé la semaine dernière avec l’Autorité éthiopienne de développement des parcs industriels (IPDC), un accord d’investissement dans le parc industriel Bole Lemi II, à la périphérie d’Addis-Abeba, rapporte le quotidien Ethiopian Monitor .  L’entreprise envisage concrètement ...Translate

Source: Agence Ecofin (13 Jan 2020 )  Share

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Seychelles, EU:  Seychelles Hosts Meeting With EU, African States On Economic Partnership

Seychelles is for the first time hosting negotiations between the European Union (EU) and the Eastern Southern African States that are focusing on the implementation of an interim economic partnership. The two-day negotiations started on Tuesday at the International Conference Centre of Seychelles in Victoria. The chief negotiator of trade agreement for Seychelles, ...

Source: Seychelles News Agency (15 Jan 2020 )  Share

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Africa, China: Wang Yi talks about three reasons why Chinese Foreign Ministers choose Africa for their first visit in the last 30 years

GABORONE, Botswana, January 14, 2020/APO Group/ -- On January 12, State Councilor and Foreign Minister Wang Yi met the press together with Minister of Foreign Affairs and International Trade of Zimbabwe Sibusiso Busi Moyo in Harare. ...

Source: Africa Newsroom (14 Jan 2020 )  Share

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Africa, China: China's infrastructure finance model is changing. Here's how

China's engagement in Africa in the contemporary-era began around the ... But there was one very big problem: African countries were poor. ... Based on this, the formula permits African governments to invest in public works ...

Source: The Africa Report (14 Jan 2020 )  Share

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Africa, China: [Tribune] Jack Ma: "L’Afrique d’aujourd’hui, c’est la Chine d’il y a 20 ans!"

Les carences qui, en Afrique, ralentissent l’entrepreneuriat ressemblent à celles contre lesquelles j’ai dû lutter il y a vingt ans lorsque j’ai créé Alibaba. En s’appuyant sur la révolution numérique, il est possible de faire de l’Afrique un hub planétaire. J’ai pour la première fois mis les pieds en Afrique en 2017 ...Translate

Source: Jeune Afrique (10 Jan 2020 )  Share

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Africa, Italy: Italian machinery segment prepares for negative 2019 results

In Africa, Tunisia showed a 57 percent improvement in imports, while ... able to invest in R&D and focus on the development of advanced solutions.

Source: Plastics News (10 Jan 2020 )  Share

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Africa, UK: Aggreko showcases potential for firms to do business in Africa

The visit comes ahead of the UK-Africa Investment Summit in London on 20 January 2020, to be attended by UK and African leaders, businesses, and ...

Source: (10 Jan 2020 )  Share

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Africa, UK: Elizabeth Truss champions 'Lionesses of Africa'

It is clear that our investments in Africa are growing rapidly. The UK has overtaken the US and is now the second largest G7 investor in the African ...

Source: Mirage News (17 Jan 2020 )  Share

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Africa: Hapag Lloyd

We will continue to invest heavily in digital products and services." Regarding the new IMO's rules, they present "major challenge to container shipping ...

Source: The Medi Telegraph (10 Jan 2020 )  Share

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Africa: Strategies for Investing in Africa's Public Health Preparedness

The purpose of this Forum will be to explore strategies that we can invest in Africa's health workers, healthcare and social services infrastructure, ...

Source: (14 Jan 2020 )  Share

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Africa: Is it risky to invest in Africa?

Brand Africa depends on more than just governments. 13 January, 2020. Africa is still perceived as high risk by many investors from the developed ...

Source: African Business (13 Jan 2020 )  Share

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Africa: The future is intelligent: Harnessing the potential of artificial intelligence in Africa

There are 10 key enabling technologies that will drive Africa's digital ... Similarly, the lack of adequate investments in research and development is an ...

Source: Brookings (13 Jan 2020 )  Share

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Africa: How one impact investor is lighting up Africa with clean and safe energy

It has become a leading solar power operator and financier in Africa, ... She is on the investment committee of Microvest, and was chair of the YPO ...

Source: Times of Israel (10 Jan 2020 )  Share

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Africa: L'agence de notation Moody's pessimiste pour l'Afrique subsaharienne

Les prévisions de l’agence de notation Moody’s pour l’Afrique subsaharienne en 2020 sont « négatives ». Certes, elle reconnaît que la croissance va reprendre sur la zone, passant de 3,1 % en 2019 à 3,5 % cette année, que le déficit budgétaire moyen reculera de 3,3 % à 3 % et que la dette médiane des pays subsahariens par rapport à ...Translate

Source: Jeune Afrique (14 Jan 2020 )  Share

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Africa: Investing in Africa: Four signs of hope you probably missed

To conclude 2019, November's Africa Investment Forum (AIF) in Johannesburg responded to such calls by pairing large-scale investors to investment ...

Source: The Africa Report (15 Jan 2020 )  Share

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Africa: Experts to review Economic Commission for Africa’s (ECA) flagship Economic Report on Africa 2020

ADDIS ABABA, Ethiopia, January 14, 2020/APO Group/ -- An expert group meeting to review the Economic Commission for Africa’s (ECA) flagship Economic Report on Africa (ERA2020) has been scheduled for 16 - 17 January 2020 in ...

Source: Africa Newsroom (14 Jan 2020 )  Share

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Africa: Samurai Incubate announces plans to raise over $18m for second Africa fund

The VC firm explained that the second fund, the Samurai Africa Fund 2 Investment Partnership, will target three African countries, namely Kenya, ...

Source: Ventureburn (14 Jan 2020 )  Share

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East Africa

Burundi, China: Chinese, Burundian FMs hold talks, vowing to strengthen cooperation

Wang said Burundi is an "all-weather friend" of China in Africa, stressing ... supports qualified and credible Chinese enterprises to invest in Burundi, ...

Source: xinhuanet (11 Jan 2020 )  Share

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Ethiopia: Ethiopian Airlines to Expand Fly Routs, United States and Asia

BY ANIN AGYEI- NEW AFRICA BUSINESS NEWS, Accra, Ghana- ETHIOPIAN AIRLINES, one of the leading airlines in Africa has announced its expansion routs to the United States of America and Asia this year. The Country Manager of the Airlines, Ms. Genet W. Michael says the airline is working hard to get partnership with many different ...

Source: New Africa Business (Business) (17 Jan 2020 )  Share

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Ethiopia, South Africa: Ethiopia invites South African investors to buy State enterprises

Prime Minster Abiy Ahmed of Ethiopia, who was on a two day state visit in South Africa invited South African businesses to invest in his planned ...

Source: new Business Ethiopia (14 Jan 2020 )  Share

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Kenya, Japan: Visit to Tokyo by Amb. Macharia Kamau, MBS – Principal Secretary, Ministry of Foreign Affairs

TOKYO, Japan, January 17, 2020/APO Group/ -- Amb. Macharia Kamau, CBS, Principal Secretary of Foreign Affairs made an official visit to Tokyo, Japan from 13th – 16th January, 2020 at the invitation of the Government of Japan ... Discussions centered on the excellent bilateral relations between Kenya and Japan, and charted the way forward to strengthen the cooperation

Source: Africa Newsroom (17 Jan 2020 )  Share

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Kenya, Uganda, UK: British oil major writes off $800 million investment in Kenya, Uganda

Amidst a series of challenges currently facing British firm Tullow, the oil company has been forced to write off $800 million of its exploration costs in Kenya and Uganda due to a lowered forecast for long-term crude oil prices. In a trading update, Tullow said its exploration costs “written off are predominately driven by a write-down of the value of the Kenya and ...

Source: Ventures Africa (16 Jan 2020 )  Share

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Kenya, UK: Alok Sharma heralds green cities of the future on Kenya visit

LONDON, United Kingdom, January 14, 2020/APO Group/ -- International Development Secretary pledges new UK aid to help build green cities across Africa with quality infrastructure; Alok Sharma announces new UK Centre for Cities and ...

Source: Africa Newsroom (14 Jan 2020 )  Share

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Kenya, UK:  Visiting UK Secretary of State Tours Diageo Investment in Kisumu

Kisumu — UK Secretary of State for International Development Rt. Honourable Alok Sharma has lauded Diageo's Sh14 billion investment at the Kisumu Brewery, noting created over 100,000 direct and indirect jobs, half of which have been taken up by women. Sharma inspected the state-of-the-art brewery in Kisumu, Wednesday and was conducted on a tour of sorghum farms ...

Source: Capital FM (17 Jan 2020 )  Share

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Kenya, UK: Alok Sharma heralds green cities of the future on Kenya visit

International Development Secretary pledges new UK aid to help build green cities across Africa with quality infrastructure ... Our new UK aid support, announced ahead of the UK-Africa Investment Summit, will contribute to creating the African cities of the future, using British ...

Source: Gov.UK (14 Jan 2020 )  Share

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Kenya, UK: More UK investments boon to Kenyans

On Monday, the United Kingdom government will host the first UK-Africa Investment Summit, where government and business leaders, as well as innovators, entrepreneurs and investors, will discuss investment opportunities and partnerships in Africa. The London event has attracted 16 African leaders from the continent’s ...

Source: Daily Nation News (17 Jan 2020 )  Share

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Kenya, USA: US official coming to Kenya to discuss huge potential aid project

By KEVIN J. KELLEY More by this Author The head of a special US development programme is due in Kenya next week to hold initial talks on the country’s potential eligibility for project funding that could total billions of shillings. Sean Cairncross, CEO of the Millennium Development Corporation (MCC), said in a press briefing on Thursday that Kenya is ...

Source: Daily Nation News (17 Jan 2020 )  Share

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Kenya: Kenya's stock exchange bullish on its outlook for 2020

The Nairobi Stock Exchange, Africa's fifth-biggest, plays an important role in ... It serves as an entry point for foreign investors looking to invest in the ...

Source: Ventures Africa (14 Jan 2020 )  Share

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Rwanda, China: Rwandan coffee gains foothold in China

Rwandan coffee continues to draw attention among Chinese consumers. In October 2018, the Government of Rwanda and Alibaba Group launched the first Electronic World Trade Platform (eWTP) project in Africa. The project is part of the implementation of activities of a bilateral agreement on e-Commerce cooperation signed between Rwanda and China when President Xi Jinping ...

Source: Prepaid Economy (14 Jan 2020 )  Share

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Rwanda:  Airtel-Tigo Rebrands, Launches New Campaign

As it celebrates its eighth anniversary in the Rwanda market, Airtel, the Indian-based telecom giant has acquired a 12-year unified license to operate as Airtel Rwanda, after operating for two years as Airtel-Tigo. Mid-December, 2018, Airtel Rwanda took over Tigo Rwanda in the largest merger in the history of telecommunication in Rwanda. The deal meant a 100 per ...

Source: The New Times (17 Jan 2020 )  Share

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Rwanda: Rwanda Development Board Registers Over US$ 2.4 Billion Worth Of Investments In 2019

The Rwanda Development Board (RDB) registered investments worth US$ 2.46 billion in 2019, an increase of 22.6% from the previous year. In 2018 RDB registered investments worth US$ 2.01 billion. Energy and manufacturing accounted for 75% of all investments registered (45% and 30% respectively).

Source: Railways Africa (News) (14 Jan 2020 )  Share

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Seychelles, Bahrain: Minister of Foreign Affairs signs number of agreements, memorandum of understanding with friendly Republic of Seychelles

MANAMA, Bahrain, January 15, 2020/APO Group/ -- The Minister of Foreign Affairs, Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa, signed a number of agreements and memorandums of understanding between the Kingdom of Bahrain and the ...

Source: Africa Newsroom (15 Jan 2020 )  Share

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Somalia: Investment in Africa

Last week, we looked at investing in Somaliland, whose economy is characterized by its informality, and entrepreneurship. This week, we delve into different sectors, starting with the telecommunications market, which is booming but still facing many challenges.

Source: (10 Jan 2020 )  Share

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Sudan, UAE: Dr. Anwar bin Mohammed Gargash concludes visit to Sudan

ABU DHABI, United Arab Emirates, January 15, 2020/APO Group/ -- Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, today concluded his visit to the Sudanese capital, Khartoum. During his visit, Gargash ...

Source: Africa Newsroom (15 Jan 2020 )  Share

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Tanzania, Canada:  Govt Sheds Light On Mining Controversy

THE government will react according to the law, to the claims by a Canadian based junior gold exploration company, Winshear Gold Corp, on an alleged dispute involving investment in the SMP Gold project located in South West Tanzania. Solicitor General Dr Clement Mashamba told the 'Daily News' on Tuesday that his office as well as that of the Attorney General (AG) has ...

Source: Tanzania Daily News (15 Jan 2020 )  Share

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Tanzania:  Gold Exports Make Up Half of Tanzania Export Earnings

Tanzania's gold exports accounted for 51.4 per cent or half of the non-traditional export goods, and increased by 41.9 per cent to earn $2,139.9 million on account of both volume and price in the world market, according to the latest economic report by the Bank of Tanzania (BoT) for the year ending November 2019. The increase in gold volumes exported is partly associated ...

Source: The East African (14 Jan 2020 )  Share

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Tanzania: Foreign investors stay away from Dar on opening week

Foreign investors stayed away from the Dar es Salaam Stock Exchange (DSE) in the year’s first week of trading with zero turnover from shares bought and sold by foreign investors. On January 7, DSE recorded a total turnover of $1,223.33 (Tsh2.84 million) mainly from 24,856 shares traded in 14 deals, all sold and bought by local investors at 100 per cent. The CRDB Bank ...

Source: The East African (13 Jan 2020 )  Share

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Uganda, Japan: Museveni Hails Japan for Support to Uganda's Dev't Projects

... business with Africa, the President told the Japanese delegation that by investing in Uganda and Africa in general, the Japanese entrepreneurs will ...

Source: Kampala Post (15 Jan 2020 )  Share

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Uganda, UK: Govt Launches Works for Shs 735Bn Infrastructure Project in Namanve Industrial Park

He added that it is part of UK's efforts to be the investment partner of choice to Africa. This, he said, is even necessary given the UK's wealthy capacity ...

Source: Soft Power News (12 Jan 2020 )  Share

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Uganda: The Next Stage of Uganda’s Digital Economy Will Be Powered by Open Application Programming Interfaces (APIs)

KAMPALA, Uganda, January 17, 2020/APO Group/ -- While about 18 million Ugandans are now able to access services via the internet, only a fraction of the 18 million are able to bank, pay school fees or utility bills, order transport, ...

Source: Africa Newsroom (17 Jan 2020 )  Share

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West Africa

Burkina Faso: Transformation des produits agricoles locaux : Un investissement à grande valeur ajoutée

La polémique née autour de « Faso Attiéké », nom commercial protégé (mais non encore labellisé) par sa promotrice Florence BATIONO, et présente au 5e Salon international de l’agriculture et des ressources animales d’Abidjan (SARA) en novembre 2019, pour recevoir son prix Pierre Castel, traduit tout l’enjeu actuel des produits agricoles locaux ...Translate

Source: Le Faso (08 Jan 2020 )  Share

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Burkina Faso: Commerce et industrie : « Si les actions se poursuivent dans ce sens, le Burkina sera un pays industrialisé à l'horizon 2023

Le ministre du Commerce, de l’Industrie et de l’Artisanat, Harouna Kaboré, entouré d’une équipe d’agents venus des structures de son ministère, s’est adressé à la presse le jeudi 9 janvier 2019, pour le devoir de redevabilité acte 3 du ministère. Pendant plus d’une heure d’horloge, le ministre a étalé le bilan 2019 du plan ...Translate

Source: Le Faso (11 Jan 2020 )  Share

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Burkina Faso: Salon international du coton et du textile 2020 : « La victoire qui est endogène aujourd'hui, le sera avec des produits made i

Le ministre du Commerce, de l’Industrie et de l’Artisanat, Harouna Kaboré, a animé une conférence de presse, le lundi 13 janvier 2020 à Koudougou dans laquelle il a annoncé les activités majeures de la deuxième édition du Salon international du coton et du textile (SICOT). Une édition parrainée par le président du groupe de la Banque africaine de ...Translate

Source: Le Faso (15 Jan 2020 )  Share

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Cabo Verde: Cabo Verde Implements the International Monetary Fund’s Enhanced General Data Dissemination System

WASHINGTON D.C., United States of America, January 15, 2020/APO Group/ -- Cabo Verde has launched a National Summary Data Page (NSDP) in implementing the recommendations of the IMF’s enhanced General Data Dissemination System ...

Source: Africa Newsroom (15 Jan 2020 )  Share

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Cote d'Ivoire, Japan: Signing of the Japan-Cote d'Ivoire Investment Agreement

TOKYO, Japan, January 14, 2020/APO Group/ -- On January 13 (same day local time), Mr.KURAMITSU, Ambassador of Japan to the Republic of Cote d'Ivoire, and H.E. Mr. Marcel AMON-TANOH, Minister for Foreign Affairs of the Republic ...

Source: Africa Newsroom (14 Jan 2020 )  Share

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Equatorial Guinea, United Arab Emirates: Le ministère des Mines et des Hydrocarbures signe plusieurs protocoles d'accord pour stimuler l'exploration pétrolière et min

ABU DHABI, Émirats arabes unis, 13 janvier 2020/APO Group/ -- Le ministère des Mines et des Hydrocarbures de la République de Guinée équatoriale a signé plusieurs protocoles d'accord avec les ...Translate

Source: Africa Newsroom-fr (13 Jan 2020 )  Share

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Ghana, Germany: Siemens supports Ghana’s transformation trajectory | Ghana News Agency (GNA)

Accra, Jan. 15, GNA - Siemens has signed a Memorandum of Understanding (MoU) with Ghana to address the country’s energy and infrastructure challenges, while contributing to the government’s growth and development agenda of creating high quality jobs and enhancing the vocational skills of Ghana’s youth. The MoU was signed by Siemens and the Ghana Grid Company ...

Source: Ghana News Agency (Business) (17 Jan 2020 )  Share

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Ghana, China:  Ghana, China trade hits $2.4b for 2018

The President of the Ghana Chamber of Commerce and Industry, Nana Dr Appiagyei Dankawoso, has said that Ghana’s trade relations with China have been worthwhile. He said currently, China was Ghana’s largest trade partner, contributing hugely to Foreign Direct Investments in the country. Get Digital Versions of Graphic Publications by downloading Graphic NewsPlus ...

Source: Graphic Online (Business) (09 Jan 2020 )  Share

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Ghana, Turkey: Ghana, Turkey sign deal

The Ministry of Foreign Affairs and Regional Integration of Ghana and the Ministry of Foreign Affairs of the Republic of Turkey have signed a memorandum of understanding (MoU) for co-operation in the field of information technologies and diplomatic archives. Foreign Minister Shirley Ayorkor Botchwey sealed the deal on behalf of Ghana while Turkish Foreign Minister Mevlut Cavusoglu signed on behalf of his country Date: January 14, 2020Author: somervillesustainableconservation 0 Comments A review by Eugene LaPointe from Wild Jag   AFRICAN ENVIRONMENTALIST SPEAKS ...

Source: GhanaWeb (14 Jan 2020 )  Share

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Ghana, UK: Widening tax net, sure way to Ghana beyond Aid – UK Commissioner - Ghana Business News

Mr Ian Walker, British High Commissioner to Ghana, says widening of the tax net was one of the surest ways to achieve the “Ghana beyond Aid Agenda”. He said for Ghana to be self-sufficient, she has to broaden its tax base by extending the net from the formal to the informal sector to support ongoing projects such as the Free Senior High School and the National Health ...

Source: Ghana Business News (General) (15 Jan 2020 )  Share

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Ghana, UK:  Partners for Prosperity - Ghana At the UK-Africa Investment Summit 2020 in London

London — For Ghana, the Summit will provide a platform to secure investment opportunities, more exports and jobs that will benefit both Ghanaian and British businesses. His Excellency The President of the Republic of Ghana Nana Akufo-Addo will lead a ministerial delegation of several Cabinet Ministers and key officials at the UK-Africa Investment Summit in London ...

Source: PR Newswire (17 Jan 2020 )  Share

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Ghana: Govt urged to invest in oil palm promotion

The Oil Palm Programme Manager for Solidaridad, an international not-for-profit organisation, Mr Nicholas Issaka Gbana, has called for a deliberate state intervention to promote the oil palm industry because it can fetch the country huge foreign exchange earnings. He said policy and financing were critical in promoting the sector ...

Source: Ghana Web (08 Jan 2020 )  Share

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Ghana:  Alan Kyerematen on why Ghana should think beyond cocoa

The Minister of Trade and Industry, Mr John Alan Kwadwo Kyerematen thinks that it is an indictment on the part of Ghana not to think beyond cocoa. According to him, the time has come for the country not to overly depend on cocoa for its revenue generation and the development of the economy. Get Digital Versions of Graphic Publications by downloading Graphic NewsPlus ...

Source: Graphic Online (Business) (15 Jan 2020 )  Share

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Liberia, Mauritius:  Loita Capital Partners, LBDI Open Investment Banking Unit

The Pan-African investment bank, known as Loita Capital Partners International, a division of the Loita Group with headquarters in Mauritius, has opened up shop in Monrovia as the investment banking unit of the Liberia Bank for Development and Investment (LBDI). Opened and dedicated on Thursday, January 16, 2020, by the President of African Export-Import Bank (Afrexim ...

Source: Liberian Observer (17 Jan 2020 )  Share

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Liberia:  Weah Unveils U.S.$ 14 Million Modern Cement Plant At Cemenco

Monrovia — President George Weah says the launch of a new cement production plant by CEMENCO is a clear demonstration of the confidence investors have in the Liberian economy. "As we launch this investment at CEMENCO, a new investment bank has been opened by international partners, under the auspices of the Liberia Bank for Development and Investment, which is good ...

Source: FrontPageAfrica (17 Jan 2020 )  Share

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Mali: Trafigura invests in Malian sunshine

Trafigura has made its first investment in solar power in Africa, via PASH Global, buying a stake in a Malian project. PASH has acquired a 49.9% stake ...

Source: Energy Voice (15 Jan 2020 )  Share

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Nigeria, Turkey: Nigeria, Turkey seek stronger ties on infrastructural devt

By Mashe Umaru Gwamna The Minister of State for Works and Housing, Engr. Abubakar Aliyu has stressed the need for more collaboration between Nigeria and Turkey for infrastructural development. Engr. Aliyu said this when he received on behalf of the Minister of Works and Housing, Babatunde Fashola, the Turkish Minister of Trade, Rushar Peckan who paid a courtesy call on the ...

Source: Peoples Daily (16 Jan 2020 )  Share

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Nigeria, UK:  Nigeria, UK Move to Boost N2.3 Trillion Bilateral Trade

Nigeria and the United Kingdom (UK) have commenced measures to boost bilateral trade between the two countries which reached N2.3 trillion in 2018. Disclosing this at a press briefing in Lagos yesterday, British Deputy High Commissioner, Nigeria, Harriet Thompson, said part of these measures include the inaugural U.K Africa Investment Summit, designed to showcase the ...

Source: Vanguard (15 Jan 2020 )  Share

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Nigeria: New finance law will have “significant” impact on businesses in Nigeria

President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy. The bill, which according to the president was specially designed to support the implementation of the 2020 National Budget, was presented ...

Source: Ventures Africa (14 Jan 2020 )  Share

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Nigeria: Nigeria open to more foreign investments in construction, manufacturing sectors – Osinbajo

Vice President Yemi Osinbajo says Nigeria is open to more Investments from foreign companies, including those from Turkey in the areas of construction, manufacturing, technology and other sectors, Mr Osinbajo’s spokesman, Laolu Akande, in a statement on Tuesday said the vice president received at the Presidential Villa, Abuja, a Turkish business delegation led by ...

Source: Premium Times (14 Jan 2020 )  Share

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Nigeria: Nigeria attracts $29m in green equity finance

Despite being Africa's most populous country, Nigeria only has 12 gigawatts ... across the country as well as to invest in new technology infrastructure.

Source: The Africa Report (09 Jan 2020 )  Share

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Senegal: Khady Dior Ndiaye menera la societe Kosmos Energy au Sénégal

DAKAR, Sénégal, 7 janvier 2020/APO Group/ -- Kosmos Energy ( a annoncé aujourd’hui que Khady Dior Ndiaye a été nommée Vice-présidente et Directrice Régionale en ...Translate

Source: Africa Newsroom-fr (07 Jan 2020 )  Share

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Senegal: Senegal: FID for Sangomar development

Woodside Energy and its partners announced a final investment decision (FID) for the Sangomar field development at a signing ceremony in Dakar on 14 January. The FID comes after the government granted a 25-year exploitation authorisation on 8 January, while Woodside has executed the purchase contract for the FPSO facility and issued full notices to ...

Source: Africa Energy (Upstream) (17 Jan 2020 )  Share

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Senegal: Le rappeur Akon va investir dans un projet écotouristique au Sénégal

Connu pour ses tubes R&B « Locked Up » ou « Smack That », le chanteur et producteur américano-sénégalais de 46 ans a signé mardi au Sénégal un accord avec la société publique Sapco (Société d’aménagement et de promotion des côtes et zones touristiques du Sénégal). « Au-delà de son statut d’artiste, c’est Akon, ...Translate

Source: Jeune Afrique (10 Jan 2020 )  Share

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Togo, Germany: HeidelbergCement va injecter plus de 30 millions de dollars dans la production du ciment au Togo

Lomé - Le groupe allemand HeidelbergCement prévoit cette année un investissement de plus de 30 millions de dollars dans l’extension de sa filiale CIMTOGO, la principale usine de production de ciments au Togo. C’est ce qu’a annoncé ce mercredi 8 janvier 2020 à Lomé, Eric GOULIGNAC, DG de la multinationale au Togo au cours d'une rencontre avec les ...Translate

Source: Alwhida Info (News) (09 Jan 2020 )  Share

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Togo, Switzerland: Bienvenue aux investisseurs suisses

Des responsables de la société Glosya se trouvent actuellement au Togo. Elle a été fondée par un groupe d’entrepreneurs suisses et africains qui partagent la même vision de développement de l’Afrique. Glosya entend donner l’opportunité aux entreprises et institutions suisses de développer leurs activités sur le continent et de s’y implanter durablement. ...Translate

Source: Republic of Togo (Economy) (15 Jan 2020 )  Share

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Togo: Togo's President Faure Gnassingbe celebrates record number of greenfield investment projects in ...

It said Rwanda and Senegal ranked second and third in Africa, respectively, ... Estimated greenfield investment announced in Togo also peaked at ...

Source: Today News Africa (11 Jan 2020 )  Share

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Togo:  Le Togo veut relancer son industrie textile

Jadis fleuron de l’industrie textile togolaise, l’usine TogoTex située à Datcha (150 km de Lomé) va-t-elle connaître une seconde vie ? Gérée tour à tour par des Allemands, des Coréens, des Chinois et des Togolais, elle avait définitivement fermé ses portes en 1990. Kodjo Adédzé, le ministre du Commerce, a affirmé qu’elle allait reprendre du service. ...Translate

Source: Republic of Togo (Economy) (10 Jan 2020 )  Share

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North Africa

Egypt, Italy: Italy to invest over €4 million in Egypt's tomato project

On Tuesday, the Italian Development Cooperation disclosed plans to contribute over €4.55 million to two United Nations Industrial Development ...

Source: Ventures Africa (17 Jan 2020 )  Share

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Egypt, Lebanon: Lebanon's Bank Audi mulls sale of Egyptian unit with right offer – CFO

Lebanon's Bank Audi is studying the sale of its Egyptian unit after receiving interest from lenders, its chief financial officer told Reuters in an interview late on Monday. The move indicates a possible strategy rethink by Bank Audi as Lebanon grapples with an ongoing financial crisis ...

Source: Masress (14 Jan 2020 )  Share

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Egypt, Republic of Ireland: Dublin Airport announces new direct flights to Cairo, Egypt

Ireland's first direct scheduled service to Egypt will run four times weekly from June....

Source: Irish Independent (13 Jan 2020 )  Share

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Egypt, UK: 'UK eager for further cooperation with Egypt due to its economic growth': UK ambassador

British Ambassador in Egypt Geoffrey Adams said that the UK is eager to continue developmental cooperation with Egypt whose economic growth is increasing and its business climate is improving. Adams' statements came during a meeting on Thursday with Egypt's Minister of International Cooperation Rania El-Mashat ...

Source: Masress (16 Jan 2020 )  Share

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Morocco, Turkey: Moulay Hafid Elalamy promet la révision prochaine de l'accord de libre-échange avec la Turquie

Lorsque, en novembre 2019, le ministre de l’Industrie et du Commerce Moulay Hafid Elalamy (MHE), avait déclaré devant la Chambre des conseillers que « les ALE (accords de libre-échange) qui nuisent au Maroc [seraient] dénoncés », beaucoup d’analystes avaient supposé le ministre pensait d’abord à l’accord liant Rabat et Ankara. Une intuition ...Translate

Source: Jeune Afrique (17 Jan 2020 )  Share

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Tunisia:  Four Thousand Economic Operators Expected in Tunis to Attend Fita 2020

Tunis — Four thousand economic operators from 20 sub-Saharan countries as well as representatives of about fifty international institutions are expected in Tunis on February 4-5, to participate in the 3rd International Conference on Financing Investment & Trade in Africa (FITA2020). Organised at the initiative of the Tunisia-Africa Business Council (TABC), the ...

Source: Tunis Afrique Presse (16 Jan 2020 )  Share

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Central Africa

Cameroon, Tunisia: Jalel Snoussi : « Les échanges entre le Cameroun et la Tunisie sont en progression »

Quel est l’état de la coopération entre le Cameroun et la Tunisie, et quel bilan pouvez-vous en dresser aujourd’hui ? La coopération bilatérale se décline en général en divers niveaux, essentiellement, politique, économique, commerciale, culturelle. Sur le plan économique, en résumé, à ce stade, le constat reste mitigé. Le potentiel surtout ...Translate

Source: Alwhida Info (News) (11 Jan 2020 )  Share

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Chad: Forum Arabe-Afrique de Jeddah : la participation du Tchad attendue

La représentante du ministre du Développement industriel, commercial et de la Promotion du secteur privé, Mme. Banbo Dihoulne Tchoubobe, a présidé samedi à N'Djamena, une rencontre d'échange et d'information sur le forum international d'investissement Arabe-Afrique aura lieu du 3 au 5 février 2020 à Jeddah, en Arabie saoudite. Au cours de ...Translate

Source: Alwhida Info (Chad) (12 Jan 2020 )  Share

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DR Congo: DRC President to attend Mining Indaba

emocratic Republic of the Congo (DRC) President Félix Tshisekedi will be attending this year’s Investing in African Mining Indaba, which will be held in Cape Town next month.

Source: Mining Weekly (17 Jan 2020 )  Share

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DR Congo: La Gécamines et son partenaire chinois inaugurent le projet de Deziwa, sans Albert Yuma

Joint-venture créée en 2017 et détenue par l’opérateur minier public Gécamines (49 %) et le groupe China Nonferrous Metal Compagny (51 %), la société minière Deziwa SAS (Somidez) a inauguré ce 15 janvier son usine ultramoderne de raffinage de cuivre et cobalt, située dans la province du Lualaba, à environ 35 km à l’est de la ville de ...Translate

Source: Jeune Afrique (15 Jan 2020 )  Share

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Southern Africa

Angola, China: CTM se rapproche d’Angola Cables pour explorer des opportunités d’affaires numériques en Afrique lusophone

(Agence Ecofin) - La Companhia de Telecomunicações de Macau (CTM) annonce la signature d’un mémorandum d’entente avec Angola Cables. A travers cette collaboration engagée avec le fournisseur de solutions de connectivité par câbles sous-marins de fibre optique, CTM veut explorer des opportunités d’affaires pour la Chine et Macao dans le secteur numérique des ...Translate

Source: Agence Ecofin (09 Jan 2020 )  Share

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Angola, UK: Africa Minister backs trade and investment opportunities in Angola

The visit comes ahead of the UK-Africa Investment Summit, held in London on 20 January 2020, which will bring together UK and African leaders, ...

Source: Gov.UK (10 Jan 2020 )  Share

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Angola: INAMET To Invest USD 60 Million In the First Phase Of Its Modernisation Program

Angola's Minister of Telecommunications and Information, José Carvalho da Rocha, said the National Institute of Meteorology and Geophysics ...

Source: Africa News (17 Jan 2020 )  Share

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Angola: Angola relaxes tourist visa in bid to boost business investment

Visitors from Namibia, South Africa, Mozambique, Cape Verde, Rwanda and Zambia can enter Angola without having to apply for a business or tourist ...

Source: China Global Television Network (16 Jan 2020 )  Share

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Angola: Sector mineiro em roadshows internacionais

(Por Paulo André) Realizado pelo Ministério dos Recursos Minerais e Petróleo, no quadro do Plano de Desenvolvimento Nacional do sector para 2018/2022, os roadshows internacionais visaram a construção de uma refinaria no Soyo, província do Zaire, e o relançamento da exploração de petróleo, diamantes, ...Translate

Source: Angop Angola Press Agency (02 Jan 2020 )  Share

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Angola: Beyond oil – opportunities for private investment in Angola

This article was first published by the IFC. Home to one of the most expensive cities in Africa and one of the least diversified economies, Angola wants to be known for something entirely different: being a magnet for private investment. The country’s economy has been fueled by oil, which accounts for a third of its GDP and 95% of exports. This has been a boon ...

Source: How We Made It in Africa (17 Jan 2020 )  Share

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Malawi, Germany: Minister Nankhumwa attends high-level international food and agriculture conference in Germany

Malawi’s Minister of Agriculture, Irrigation and Water Development, Kondwani Nankhumwa is in Berlin, Germany attending the 2020 Global Forum on Food and Agriculture scheduled to take place from January 16 to 18, 2020. Nankhumwa being welcomed in Germany Nankhumwa in talks with Strategic Advisor for Food and Land Use Coalition Ann Tutwiler Nankhumwa and ...

Source: Nyasa Times (17 Jan 2020 )  Share

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Mozambique, Portugal: Presidents of Portugal, Mozambique call for renewed investment

The Portuguese and Mozambican heads of state said on Tuesday that the time has come for Portugal to invest in Mozambique, after an official meeting in Maputo. The meeting preceded Nyusi’s inauguration for a second term, a ceremony scheduled for Wednesday in the centre of the capital and which motivates the five-day visit of the Portuguese head of state. Social Development Mozambique: Public Prosecutor's Office now has 466 magistrates 26 Nov 2019 Social ...

Source: Club of Mozambique (All News) (15 Jan 2020 )  Share

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Mozambique: Mozambique anticipates new era of peace and economic boom

from ARIMANDO DOMINGOS in Maputo, Mozambique Mozambique Bureau Chief MAPUTO, (CAJ News) – INCUMBENT Felipe Nyusi has been sworn in for a second term as President of Mozambique, heralding the beginning of what is anticipated to be an era of lasting peace and economic prosperity in the resources-rich Southern African country whose progress has been curtailed by ...

Source: CajsNewsAfrica (News) (15 Jan 2020 )  Share

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Namibia: A Capacity Building Approach to Unemployment

The great phenomena that haunts the Namibian nation is our youth unemployment rate, which is a result of the country's current bad economic status. The current youth unemployment rate peaks at a drastic 46,10%. With the youth making up the majority of the Namibian nation, we are a vital and key function to the country's current and future growth, and with almost half of us ...

Source: The Namibian (16 Jan 2020 )  Share

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South Africa, India: SA, India to strengthen relations

International Relations and Cooperation Minister Naledi Pandor will together with her Indian counter-part, Minister Subrahmanyam Jaishankar co-chair the South Africa - India Joint Ministerial Commission (JMC) on Friday, in New Delhi, in India. The JMC is a structured mechanism which coordinates bilateral relations between South Africa and India at the level of Foreign ...

Source: South African Government (16 Jan 2020 )  Share

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South Africa, UK: Business network sees opportunities for Scottish firms in SA

JOHANNESBURG – South Africa offers an array of opportunities for Scottish businesses, with the renewable energy sector for example being ripe for collaboration, the conveners of a network established in 2019 have said. South Africa-based Scottish entrepreneur Claire Alexander and local resident Nicola ...

Source: IOL Independent (15 Jan 2020 )  Share

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South Africa: Foreign investors expected to snap up government bonds

JOHANNESBURG – The National Treasury will today issue its first government bond auction for the year, worth R4.53 billion, in a bid to shore up the fiscus ahead of the crucial Budget next month. High yields and the country’s low inflation rate will result in foreign investors having a great appetite for ...

Source: IOL Independent (14 Jan 2020 )  Share

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Zimbabwe, China: China snubs Mnangagwa bailout request

PRESIDENT Emmerson Mnangagwa's desperate attempts to secure a financial rescue package from China were once again flatly rebuffed after Chinese Foreign minister Wang Yi emphasised during his visit this week that Beijing was not going to give budgetary support to Harare. Wang said Zimbabwe can only benefit from ...

Source: Bulawayo24 News (17 Jan 2020 )  Share

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Zimbabwe, EU: Hostile climate chasing away European investors: Olkkonen

Nyasha Chingono ZIMBABWE’s failure to implement far-reaching economic reforms, coupled with policies that inhibit foreign-owned firms from repatriating their profits, is scaring away European investors, resulting in the country attracting very little investment from that part of the world. In an interview with the Zimbabwe Independent yesterday, European Union ...

Source: Zimbabwe Independent (News) (17 Jan 2020 )  Share

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Women & Youth

Kenya: M-Pesa Foundation Academy opens a Ksh100M facility in the Uongozi Center

Kenyan operator Safaricom’s M-Pesa Foundation Academy has launched an eleven-month, post high school programme for its Form Four leavers to be hosted at the newly launched Uongozi Centre located inside the Academy. The Thika-based facility, an initiative of the country’s leading mobile service provider Safaricom, opened the doors of Uongozi Centre to its first batch of ...

Source: CIO East Africa (CIO East Africa) (15 Jan 2020 )  Share

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Nigeria: Embracing New Technologies To Reduce Housing Deficit

Shelter plays a critical role in human existence, without which peaceful co-existence would be dreadful. Irrespective of its intrinsic value, Nigeria is challenged with population growth, a situation that had increased squatter and slum settlements across major cities in the country. With an annual population growth rate of 3.5 percent, Nigeria needs additional ...

Source: Nigeria Real Estate (News) (15 Jan 2020 )  Share

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Africa: African women in diaspora roll up their sleeves and set up investment club to boost their financial ...

The women have launched an investment club dubbed Africa Women Investors (AWI) which they hope to ride on in their quest for financial freedom.

Source: Pulse (09 Jan 2020 )  Share

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Africa: Women's Program Engagement Launches

Africa Trade and Investment Global Summit to Collaborate with Global Sustainable Partnerships in the launch. Africa Trade and Investment Global ...

Source: BusinessGhana (13 Jan 2020 )  Share

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