Investments & Projects

The Fund managers Vantage Capital of Johannesburg has invested $10 million of mezzanine funding to Cap Tamarin in Mauritius, which is a multipurpose smart village.

Ethiopian Prime Minister Abiy Ahmed on Friday said the East African nation needs $7.5 billion to finish infrastructure projects such as a massive dam and roads that the government hopes will drive industrialization.

MITC-Technopark, Morocco’s largest capital fund devoted to information technology, has launched Maroc Numeric Fund II, an initiative to fund information technology-related start-ups and “other innovative projects.”

According to Minister of Trade and Industry Tarek Kabil, the investment in Egypt’s automotive industry has increased to $3bn. And $1.6bn is in the automotive industry and $1.4bn in feeder industries.

The Ghana government has completed the mapping of nine additional oil blocks in the Western Region for allocation to local and international companies by the last quarter of the year.

Investors in Aje oilfield, offshore Lagos, have announced a significant increase in its reserves as well as a confirmation of the viability of the Aje gas development.

In Africa, greenfield investment particularly in renewables is forecast to grow in coming years. The extent of the power deficit across Africa is well known and increasing electricity generation, whether on-grid or off-grid, across the continent is the focus of a number of initia...

The Kazungula Bridge project aiming at shorten transit time between borders in Southern Africa is set to be opened for the public soon. The initial objective of the Bridge which is constructed between the corridors of Zambia and Botswana.

The SMB-Winning consortium is going to build a railway to open up the Boffa corridor and to carry bauxite to the refinery and the Dapilon river port,the total investment planned for the whole project is estimated at US $ 3 billion.