Investment Archives - Gambeta News

MOROCCO GOVT. APPROVED US$7.6BILLION FUND FOR CONSTRUCTION OF 17 PROJECTS

Posted on May 25, 2023May 25, 2023 by Gambeta News

Morocco’s National Investment Commission on Wednesday announced it approved 17 projects with a combined budget of MAD 76.7 billion ($7.6 billion). In a meeting chaired by Head of Government Aziz Akhannouch, the investment commission also approved four amendments to existing agreements. According to a statement, the projects hold “immense economic potential,” with a projected investment of MAD 76.7 billion. The projects are expected to generate 5,728 direct job opportunities and create an additional 14,707 indirect…

HOW ANALYSTS SEEK REFORM TO ATTRACT INVESTMENT FOR NIGERIA INFRASTRUCTURE

Posted on July 28, 2020July 31, 2020 by Gambeta News

As we all know, investment in infrastructure is vital as it creates so many opportunities that can transform a country. With that in mind, Lagos-based investment and research firm Afrinvest West Africa Limited has released it’s report on attracting investment for the nation infrastructural development. According to Analysts at Afrinvest West Africa Limited, it is vital that policymakers implement reforms to boost the federal government’s finances, enable a conducive business environment and attract investment into human…

CEO, GHANA INFRASTRUCTURE INVESTMENT FUND WILL SPEAK DURING FIDIC COVID-19 WEBINAR SERIES

Posted on May 27, 2020May 27, 2020 by Gambeta News

Solomon Asamoah, CEO, Ghana Infrastructure Investment Fund will be speaking during the FIDIC COVID-19 Webinar Series – on “Clients, investors and developers’ perspectives on the fragility of the construction and infrastructure sector”. Mr Solomon Asamoah is a seasoned professional in Africa’s Infrastructure investment space. VENUE: Zoom Webinar DATE: May 28, 2020 TIME: 11:00 AM in West Central Africa Webinar Registration HERE Ghana Infrastructure Investment Fund (GIIF), is an investment vehicle, initially capitalised at US$250 million, with…

HOW CHINA EXPENSIVE BET ON AFRICA HAS FAILED

Posted on May 2, 2020 by Gambeta News

As the novel pandemic keeps spreading, China’s commercial activities in Africa has seriously been affected. The prospects for China-funded projects look bleak as the prices of oil, copper and minerals found in Africa have plunged in the global economic meltdown. China is now facing growing pressure to forgive the tens of billions of dollars of loans it has made to African countries since the early 2000s. The plan to lure African nation into a so-called…

AFRICA DEVELOPMENT BANK APPROVED FINANCING PROGRAM FOR DESCOs

Posted on July 17, 2019July 17, 2019 by Gambeta News

Sub-Saharan Africa need funds for electricity production but will financial providers stop worrying about political, regulatory and administrative barriers? Sub-Saharan Africa’s energy systems face an enormous challenge due to low electricity generated. This has made Africa Development Bank (AfDB) to approve an innovative multinational financing program for Distributed Energy Service Companies (DESCOs). DESCOs are like commercial utility companies that provides their customers with desired energy services. This desired energy services entails sufficient electricity for lighting…

CENTRAL BANK OF LIBERIA TO LAUNCH NEW ECONOMIC FORUM SERIES

Posted on July 10, 2019 by Gambeta News

Central Bank of Liberia (CBL) to create public awareness among key CBL stakeholders with new economic forum series. Central Bank of Liberia (CBL) is making plans to launch a new economic forum series. This series will help Economic forums to have a dialogue on topical domestic and global economic issues. According to a release by CBL, the event will be the first in a series of bi-monthly economic forums. It will aim to create public…

ETHIOPIAN AIRLINE SIGN DEAL WITH GHANA GOVERNMENT

Posted on May 27, 2019 by Gambeta News

Ghana sign deal with Ethiopian Airline to establish a national airline in Accra. Ethiopian Airline has sign a deal with Ghana government to establish a national airline in Accra. The deal is a joint investment from the Ghanaian government, the private sector, and the Ethiopian airline. According to the deal, the ownership of the Airline will consist of three structures. This structures are Ghanaian government having 10%, private investors from West Africa having 415 while…

INVESTORS TO INVEST IN CBE TREASURY-BILLS

Posted on May 9, 2019 by Gambeta News

Central bank of Egypt (CBE) to offer 23 investors treasury bills (T-bills). Over twenty-nine foreign and domestic investors has offer to invest in the Central bank of Egypt (CBE) treasury bills (T-bills). The T-bill which was issued out this week will allow bank to subscribe with a minimum of US$100,000. Central bank of Egypt offer the investor the deal on behalf of the ministry of finance. The interest rate on this bills is based on…

ETHIOPIA’S ABIY AHMED VISITS ALIBABA GROUP IN CHINA

Posted on May 1, 2019May 1, 2019 by Gambeta News

Prime minister Abiy Ahmed visits Alibaba to build strategic relationship Prime minister Abiy Ahmed visits Alibaba Group – the e-commerce giant, in Hangzhou. In fact, both leaders are building a relationship that will see Alibaba support Ethiopia’s Development. More so, Jack Ma commends PM Abiy’s reforms in Ethiopia, confirming that Ethiopia is now a key strategic partner which he will visit this year. Click on the floating icon on the right to subscribe. More so,…

ECOWAS and UEMOA PRIORITISES INVESTMENTS IN TRANSPORT AND ENERGY SECTOR

Posted on April 30, 2019 by Gambeta News

ECOWAS and UEMOA plan to prioritise mostly investments in transport and energy sectors. At a recent European External Investment Plan meeting in Accra, Ghana; the Economic Community of West African States (ECOWAS) and West African Economic and Monetary Union (UEMOA) said; it wishes to prioritise investments in the transport and energy sectors. The External Investment Plan meeting enables its participants; to share and exchange ideas and also review information concerning the region’s development. The selection…

CHINA AND ETHIOPIA TO LAUNCH SATELLITE

Posted on April 30, 2019 by Gambeta News

Delegates from Ethiopia inspects a satellite under development in China. As part of plans for Ethiopia to launch satellite, Prime Minister Abiy Ahmed inspects a 70kg Multi-Spectral Remote Sensing Satellite ETRSS-1 under development in China. In fact, the satellite is currently under development in partnership with China Academy of Space Technology. The project is getting support from the Chinese government, and will monitor weather patterns for better agricultural planning, drought early warning and forestry management….

ZIMBABWE TRADE TO INCREASE WITH BITC INVESTMENT

Posted on April 30, 2019May 1, 2019 by Gambeta News

Botswana Investment and Trade centre to increase trade with Zimbabwe from US$30 million to US$105 million. Trade is an important commodity when it comes to Economic growth. This is why the Botswana Investment and Trade centre (BITC) is targeting opportunities in Zimbabwe. BITC plans to increase trade with Zimbabwe from US$30 million to US$105 million by exporting lots of goods between both nations ( Botswana and Zimbabwe). This announcement by BITC chief operations officer came…

SOUTH AFRICA PLANS JOINT INVESTMENT PROJECT WITH IRAN

Posted on April 15, 2019April 15, 2019 by Gambeta News

Plans are in motion for South Africa and Iran Joint investment project. South Africa is set to enhance economic cooperation and carrying out joint investment projects in various fields with Iran. This remark was made during a conference on foreign investment opportunities in the southern Province of Hormuzgan. Mazwi Khumalo who is the Ambassador of South africa to Iran said that ”South Africa is a partner to a telecommunication project in Iran.” He also said that Iran…

JAPANESE INVESTORS IN UGANDA KEEN ON WASTE MANAGEMENT

Posted on April 9, 2019April 9, 2019 by Gambeta News

President, Kaguta Museveni meets with Japanese investors in Uganda who are keen on investing in waste management. The delegates were led by Mr. Ito Yuichi from Art Yuichi Company want to invest in recycling organic waste. More so, they have their eyes on the city of Kampala which is growing tremendously. In essence, waste management is essential for a sustainable urban development. Click on the floating icon on the right to subscribe. More so, please share,…

EGYPT’s OPEN ECONOMY RESULTS IN MORE GERMAN PARTNERSHIP

Posted on February 18, 2019February 18, 2019 by Gambeta News

Germany and Egypt to partner more because of Egypt’s open economy and policies. Egypt’s open economy progress is commendable says Germany. This is according to Thomas Bareiß; German’s parliamentary state secretary at the Federal Ministry for Economic Affairs and Energy @ BMWi bund. To further strengthen mutual links between Egypt and German, a high level German economic delegation visited Egypt this February. The delegates included 120 officials plus Thomas Bareiß. They met with Egypt’s Prime minister Mostafa Madbouly and President…

BEST COUNTRIES TO INVEST IN AFRICA 2019

Posted on January 31, 2019February 1, 2019 by Gambeta News

RMB gives report on best countries to invest in Africa for 2019 Many investors are in search of the best countries to invest in Africa; as Africa is fast rising to become a very fertile investment destination. The continent is in dire need of roads, rails, ports, airports, power grids and IT systems. All of these do not only form the infrastructure needed to help grow the African economies; but they also serve as investment…

SOUTH AFRICA SECURES US$35bn INVESTMENT COMMITMENT

Posted on October 12, 2018 by Gambeta News

South Africa have acquired US$35 billion out of the US$100 billion it needs for reviving its economy. South Africa have received investment pledges of about US$35 billion as part of its plans to attract US$100 billion. The US$100 billion is for reviving the country’s economy. The South Africa president Cyril Ramaphosa for this purpose, fitted out a team of bankers, former ministers and business people. He also hired Trudi Makhaya, an economist, as his economic…

NIGERIA SIGN MoU WITH JAPAN ON INFRASTRUCTURE INVESTMENT

Posted on September 14, 2018 by Gambeta News

Nigeria and Japan sign MoU on Infrastructure Investment. For the promotion of quality infrastructure investment between Nigeria and Japan, both countries have signed a memorandum of understanding (MoU). Representing both countries for the MoU signing in Abuja was Nigeria’s minister of transportation Rotimi Amaechi and Japan’s State Minister of Land, Infrastructure, Transport and Tourism, Tsukasa Akimoto. Nigeria as a developing country have a huge problem of infrastructural deficit. Japan have identified this problem and is…

HFC KENYA GETS Sh1.5bn FROM ARAB BANK

Posted on March 8, 2018March 8, 2018 by Gambeta News

Leading housing financing company in Kenya, HFC gets Sh1.5billion credit from Arab Bank. Housing Finance Group of Kenya (HFC) have received a line of credit from The Arab Bank for Economic Development in Africa (Badea). The credit line which amounts to Sh1.5billion (US$15 million) is for lending to the SME sector. The new line of credit was signed on Tuesday in Nairobi, as part of Badea’s programme for financing private sector operations. HFC said, it was a honour to…

NIGERIA POWER SECTOR TO GET US$35BN FROM ECOWAS

Posted on October 10, 2017 by Gambeta News

ECOWAS set to invest US$35BN into Nigeria power sector because it is a major provider of natural gas to other countries. The Nigeria power sector has been getting reviews from international communities, investors and experts in the energy sector according to ECOWAS president, to invest in the country power sector that will contribute to improving access to electricity in the entire sub-region. According to ECOWAS president, Marcel de Souza who stressed that investing in the Nigeria power sector not only…

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