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Tanzania Strides in Digital Payments Investment

TANZANIA is making significant investment strides in digital payment platforms that have increased efficiency and enhanced growth of the cashless economy. The Absa Bank Tanzania Limited Chief Information Officer, Mr Emanuel Mwinuka said recently that the initiatives like National ID Database development, widespread usage of Government electronic Payment Gateway (GePG), mobile payments, and total banking […]

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Ghana: Eastern Regional Agribusiness Investor Confab Ends in Koforidua

Koforidua — The Eastern Regional Coordinating Council in partnership with Torchbearer International Agricultural Science and Technology (TIAST) group has organised the Eastern Regional Agribusiness Investors Conference and Exhibition on Tuesday at Koforidua. The event which was organised for two days, was intended to ensure the progress of the Eastern Commodity Satellite Market Agenda started in […]

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Tanzania: US, Tanzania Forging Investment Partnerships Worth Billions

American investors are about to transform Tanzania’s investment landscape with 19 US companies exploring various opportunities with a total market capitalization of over US$1.6 trillion. The United States of America (USA) investors are now seeding their roots in Tanzania, one of Africa’s fastest-growing economies. The superpower is not only becoming an investor in Tanzania but […]

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South Africa: Private Sector Investment Key to Achieving Water SDGs

Water and Sanitation Minister, Senzo Mchunu, says there is a need to increase private sector involvement in water services to achieve the 2030 Sustainable Development Goals (SDGs). Mchunu was speaking at the International Water Association (IWA) World Water Congress held in Copenhagen, Denmark. The congress, held from 11 – 15 September 2022, brought together core […]

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Nigeria: Okonjo-Iweala, Dangote, Adesina, Others for Nigeria’s Global Investment Forum in New York

The Federal Government, in collaboration with the Africa Business Roundtable, is organising the second edition of the Nigeria International Economic Partnership Forum, NIEPF, a global economic investment platform, this time in New York, United States. The business roundtable is in furtherance of the Federal Government’s bid to open up the country’s economy to international capital […]

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Nigeria: MPR Hike – 13 Banks Generates N2.04trn Interest From Customers Loans, Securities Investment

A total of 13 banks generated N2.04trillion interest from customers loans, Securities investments, among others in first half year ended June 30, 2022 on the back of Central Bank of Nigeria (CBN) hike in the Monetary Policy Rate (MPR) to 13 per cent as at June from 11.5 per cent in January 2022. This represents […]

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Nigeria Hosts Global Investment Forum in New York

The federal government, in collaboration with the Africa Business Roundtable, is organising the second edition of the Nigeria International Economic Partnership Forum (NIEPF), a global economic investment platform, this time in New York, United States. The Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, in a statement issued on Sunday, […]

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South Africa: UIF’s Investment Portfolio Outperforms Benchmark

The Unemployment Insurance Fund’s (UIF) investment portfolio has outperformed the benchmark by returning 12.34% against the benchmark return of 12.15% over a period of 12 months. In a statement on Wednesday, the Fund said its Investment Committee recently met with the Public Investment Corporation (PIC) to receive a report on the performance of the Fund’s […]

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Nigeria: I’ve Investment, Reform Plans for Education, Says Atiku

Presidential candidate of the People’s Democratic Party, PDP, Abubakar Atiku has stated that he has investment and reform plans to implement in the education system if he is elected the president of Nigeria. Atiku made this disclosure in a statement issued via his verified Twitter handle on Thursday, marking the 2022 International Literacy Day. According […]

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Liberia: U.S. Ambassador Mccarthy Urges LBDI Bank to Attract More Investors to Liberia

Monrovia — The United States Ambassador to Liberia, Michael McCarthy on Tuesday paid a visit to Mr. Deo Delaney, the new President & CEO of the Liberian Bank for Development and Investment (LBDI). Mr. McCarthy said it will take significant foreign investment to change the economic outlook in Liberia and LBDI could play a leading […]

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Nigeria: U.S. Launches $48.8m Investment in Education

United States has launched a $48.8 million investment in Nigeria’s education. The investment which is through the US Agency for International Development (USAID) tagged, ‘Leveraging Education Assistance Resources in Nigeria (LEARN) Read Activity,’ was aimed at improving early grade reading in the country over the next five years. A statement from the US Embassy yesterday […]

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Ghana: 15 SMEs to Get €25,000 Each for Investment

The 2022 edition of the GrEEn Innovation Challenge has been launched with 15 Small Medium Scale Enterprises (SMEs) from the Ashanti and Western regions to be awarded EUR 25,000.00 each to enable them to develop operational excellence and be investment ready. The boosting Green Employment and Enterprise Opportunity in Ghana (GrEEN) action is a four-year […]

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Ghana: 1,500 Delegates to Participate in Maiden AfriCaribbean Trade and Investment Forum

Over 1,500 delegates from 93 countries have registered to participate in the first-ever AfriCaribbean Trade and Investment Forum, ACTIF2022. It will held at the Lloyd Erskine Sandiford Centre in Bridgetown, Barbados, from September 1 to 3, 2022. Barbados’ Prime Minister. Mia Amor Mottley; President Chandrikapersad Santokhi of Suriname, Chairman of CARICOM; and Amadou Hott, Minister […]

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Africa: China Has Waived the Debt of Some African Countries. But It’s Not About Refinancing

In mid-August, China’s Ministry of Foreign Affairs surprised the world with a series of announcements. Wang Yi, Beijing’s most senior diplomat, promised extensive debt relief for some of the world’s poorest countries. The announcement was made at the ministerial meeting of the Forum for China Africa Cooperation. In addition to increasing food assistance to the […]

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Uganda: Former PM Rugunda Woos Indian Spiritual Leader Gurudev to Invest in Uganda

Former Prime Minister Dr. Ruhakana Rugunda has asked Indian spiritual leader, Gurudev Sri Sri Ravi Shankar, to encourage people from all over the world to come and invest in Uganda. “I request his holiness to use his position to mobilise Indians to come and invest in our country,” Rugunda said invitingly. “The policy is simple, […]

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Ghana: GIPC’s Ghana Club 100 Awards Returns After 2-Year Break

After a two-year break owing to the COVID-19 Pandemic, the Ghana Investment Promotion Centre (GIPC) is gearing up to host the 19th edition of its esteemed Ghana Club 100 awards in October in Accra. The Ghana Club 100 is an annual compilation of 100 outstanding companies in Ghana’s business landscape, with the goal of honouring […]

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Nigeria: Lagos State Attracts $1.5bn Investment in Technology in 5 Months

The Commissioner for Economic Planning and Budget Lagos State Sam Egube, has stated that the investment inflow into Lagos State’s technology space has hit over $1.5 billion in five months. According to him, this is the first time the State is ahead of other States in technology investments. Egube stated this on the sidelines of […]

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Mauritius: Tim Balgobin wants Mauritians to invest in Dubaï

Trishna (Tim) Balgobin is organizing from Friday 26th to Sunday 28th August at Port Chambly Hotel (as from 10.30am to 5pm), in collaboration with the Royal Office of UAE, a special event to attract Mauritians to buy properties, setup companies in UAE at most competitive packages (exceptionally as a Mauritian offer) which includes for the […]