UAE fund unveils Sh3.5bn investment deal in Kenya

The Khalifa Fund for Enterprise Development (KFED), which is backed by the government of the Emirate of Abu Dhabi has announced its first investment in Kenya to the tune of $30 million (Sh3.57 billion).  The UAE Fund in…

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Djibouti bank acquires Ugandan entity in expansion move

Salaam African Bank (SAB) headquartered in Djibouti has acquired Top Finance Bank Limited in Uganda in an expansion move, Uganda’s central bank, Bank of Uganda, said Monday.  Bank of Uganda in a statement issued here…

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GV Developments, Amarenco Solarize sign agreement to invest $255m in Tarboul City’s infrastructure

GV Developments — the master developer of Tarboul City — announced that it signed an agreement with Amarenco Solarize Egypt, whereby the French giant will invest an initial amount of $255m in infrastructure, clean…

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Malawi launches Agribusiness Deal Room 

Stakeholders in Malawi’s agriculture sector, including government representatives and private players, on Wednesday August 3, 2022 gathered in the country’s capital, Lilongwe, to launch the Malawi Agribusiness Dealroom.…

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Emirates announces third daily flight to Mauritius

Emirates has announced plans to add a third-daily flight to Mauritius starting Oct. 1, 2022, a statement on state-run news agency WAM said.   The plans to increase the frequency of flights to Mauritius by adding an…

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German Manufacturer Stihl Group Picks Kenya As East African Hub

German outdoor power tools manufacturer The Stihl  Group is set to establish its East African hub in Kenya. The subsidiary dubbed Stihl East Africa will be servicing clients in Kenya, Uganda, Tanzania, DRC, Rwanda, and…

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Urbnlanes Developments invests EGP 11bn in Egypt’s real estate market

Urbnlanes Developments — a real estate development company under the Kuwaiti Emeel Abdallah Investments — intends to expand in the Egyptian market by directing investments of EGP 11bn into three real estate projects…

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Kenya’s iProcure closes $10.2m Series B to digitize rural supply chains in Kenya and beyond

Kenya’s iProcure, a startup offering agricultural inputs and digital supply chain solutions in rural Africa, has announced the closure of its $10.2 million Series B round.   The investment was in debt and equity which…

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Egypt signs $500m Suez Canal deal with Maersk, discusses $800m port investment

The Suez Canal Authority has signed a deal worth $500m with Danish shipping company Maersk to build a berth at East Port Said, business news site Zawya reports.   The project will add a 1km-long dock to the existing…

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UK’s TuNur to invest $1.5 bln in a solar power plant in Tunisia -agency

UK's renewable energy developer TuNur plans to invest $1.5 billion in building an export-oriented solar power plant in Tunisia with a capacity of 500 megawatts, Tunisian state news agency TAP said on Tuesday.  The plan…

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Nampula Trade Missions in Mozambique from 6th to 11th September, 2021

Trade Missions in Mozambique from - ( Nampula ) April 6, 2021 The Malawi Investment and Trade Centre has organized a trade mission to Nampula in Mozambique from 6th to 11th September 2021.  The overall goal of the trade missions is to promote sales of various…

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