Investments & Projects

A Chinese seven-member business delegation from the Foshan Chamber of Commerce in Guangzhou Province on Tuesday met with the Ashaiman Municipal Chief Executive, Albert Boakye Okyere and some officials of the Assembly to discuss investment opportunities in Ashaiman.

According to him, the local transportation experience in the city of Abuja, the political capital of Nigeria, may never be the same as the train service cuts down travel time and cost.

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...