Investment

News : Investment

South Africa: Aerobotics Startup Raises $17m to Scale Its Ai-for-Agriculture Platform

[TechCrunch] As the global agricultural industry stretches to meet expected population growth and food demand, and food security becomes more of a pressing issue with global warming, a startup out of South Africa is using artificial intelligence to help farmers manage their farms, trees and fruits. (AllAfrica)


Tanzania: EU Pledges to Attract More Investors to Dar es Salaam

[Daily News] Dodoma -- THE European Union (EU) has pledged to continue supporting Tanzania in its efforts to improve the business and investment climate in Tanzania, including attracting more investors from EU countries to invest in the country. (AllAfrica)


Uganda: Govt Offering Umeme 10 Percent Return On Investment in New Concession

[Monitor] Government has offered a 10 per cent return on investment (ROI) in the ongoing negotiations in which power distributor Umeme is seeking a new concession. (AllAfrica)


Nigeria: Despite Covid, Nigeria's Quarterly FDI Reached Two-Year High in 2020

[Premium Times] The jump in the third quarter of 2020 represents a 179 per cent increase from the $148 million the country attracted in Q2. (AllAfrica)


South Africa: Public Investment Corporation Not Inviting Anyone Else to Party

[Daily Maverick] The Public Investment Corporation is bumping heads with some black-owned businesses it has sponsored and is refusing to repent on a ruling made by the Supreme Court. Heads will surely roll. (AllAfrica)


Tanzania: Head of State Hails Tadb for Loans to Investors

[Daily News] PRESIDENT John Magufuli has praised the Tanzania Agricultural Development Bank (TADB) for affordable loans it issues to local investors, urging it to expand its services to pastoralists marginalised in national economic growth. (AllAfrica)


South Africa: Different Forms of Media Investment Could Give New Life and Hope to the Industry

[Daily Maverick] We need only to look at the Murdoch empire, the Guptas' foray into TV and the press, and the not-so-Independent Media Group to see how things can go wrong. (AllAfrica)


Nigeria: Sanwo-Olu Woos Investors for U.S.$2.2 Billion Opportunities

[Daily Trust] The Lagos State Governor, Mr. Babajide Sanwo-Olu Monday urged private investors to invest in the state, saying Lagos has over $2.2 billion partnership opportunities for them. (AllAfrica)


Ethiopia: Investment Income, Claims Cut Boost Abay's Profit

[Addis Fortune] Reduced claims and improved investment income ushered Abay Insurance toward increasing its net profit by 12.3pc to 63 million Br in the last fiscal year. Yet its earnings per share (EPS) declined slightly. (AllAfrica)


Ethiopia: Ethiopian Diaspora Engagement Gaining Momentum

[Ethiopian Herald] The engagement of the Ethiopian Diaspora community in investment activities at home and in supporting flagship projects has gained momentum, Ethiopian Diaspora Agency disclosed. (AllAfrica)


Kenya: Tatu City Partners With Konza to Attract Investors to Kenya

[Capital FM] Nairobi -- Tatu City's owner and developer, Rendeavour, will collaborate with Konza Technopolis to attract investors to Kenya, Rendeavour's Executive Vice President Preston Mendenhall and KoTDA's Chief Executive Officer John Tanui have jointly announced. (AllAfrica)


Angola: Angola Engages in Investment Protection Agreement With China, Japan

[ANGOP] Luanda -- Angola has announced plans to enter into the negotiation processes of Agreements on Promotion and Reciprocal Protection of Investments (APPRI) with Japan, China and Mozambique. (AllAfrica)


Nigeria: Chidoka - Policy Inconsistency Stifling Investments

[This Day] Managing Director of Kairos Capital, Mr. Sam Chidoka, in this interview says investors should be cautiously optimistic about 2021, even as he anticipates a rebound in the productive economy from the end of the second quarter of this year. He also touches on a wide range of issues including the 2021 budget and how the government can block revenue leakages. Excerpts: (AllAfrica)


Madagascar: EIB Accelerating Climate Disaster Recovery, Priority Clean Energy and Transport Investment

[PR Newswire] Luxembourg -- Further EUR 16.4 million disbursed in October to repair transport in Antananarivo (AllAfrica)


Africa: Advisors Propose New System to Regulate China's Overseas Investments

[IPS] Beijing -- A government-backed coalition of international advisors to the Belt and Road Initiative (BRI) has recommended that China apply more stringent environmental controls over its overseas investments. If adopted, this would be a major departure from China's usual approach of deferring to host country rules, many of them inadequate, for regulating its overseas investments. (AllAfrica)


Botswana: MP Lures Investors

[Botswana Daily News] Mochudi -- The MP for Kgatleng East, Mr Mmusi Kgafela says he is negotiating with several investors to construct a hospital in Mochudi through the Public Private Partnership (PPP) model. (AllAfrica)


Africa: Africa's Leap to Clean Energy Seen Needing Policy Change, Investment

[Thomson Reuters Foundation] Study predicts that fossil fuels will still account for two thirds of the electricity generated on the continent by 2030 (AllAfrica)


Morocco: Major Polish Companies Wish to Invest in Morocco's Southern Provinces

[MAP] Warsaw -- Major Polish companies operating in various economic sectors have decided to invest in Morocco, particularly in the Southern Provinces. (AllAfrica)


Ethiopia: Diversifying Export Earners Via Horticulture Sector Competitiveness

[Ethiopian Herald] The higher management of the Ministry of Agriculture and other stakeholders recently held discussion on options of expanding the horticulture investment and the national project of boosting avocado production in areas with potential and suitable climate. (AllAfrica)


Liberia: France to Invest Significantly in Liberia

[Observer] President George Manneh Weah has held bilateral talks with French Foreign Minister Jean-Yves le Drain on the margins of the inaugural ceremonies of Ghanaian President Nana Akufo-Addo in Accra. (AllAfrica)


Africa: Investing in Africa - There Is More Than Just FDI

[The Exchange] The future for many Africans is uncertain as the world continues dealing with the Covid-19 pandemic whose increase and mutation is necessitating lockdowns in different parts globally. (AllAfrica)


Nigeria: 2021 Budget - Govt to Inject N765bn Into Social Investment Programmes

[Premium Times] The programmes got the highest chunk among the selected projects listed in 2021 approved budget. (AllAfrica)


Tanzania: 2VP Invites Egyptian Company to Consider Investing in Zanzibar

[Daily News] The Second Vice-President, Hemed Suleiman Abdalla has invited Samcrete, an Egyptian company, to invest in Zanzibar, promising a conducive environment for investment in any project they wish to establish in the islands. (AllAfrica)


Lesotho: U.S.$117,4 Million Road Project Leaves Sour Taste in Locals' Mouths

[Lesotho Times] The securing of investment for a large-scale project is usually a cause for celebration in most African countries as they are often starved of meaningful infrastructural developments to provide much needed services to ordinary people. (AllAfrica)


North Africa: Opening U.S. Consulate in Dakhla Will Support Investment and Development Projects in the Region, US Ambassador Says

[MAP] Dakhla -- Opening a US consulate in Dakhla "will support and encourage investment and development projects that bring tangible benefits for the region", US ambassador to Morocco, David T. Fischer, said Sunday in Dakhla. (AllAfrica)


Nigeria: Balogun - Why Nigeria's Investment Environment Must Be Conducive

[This Day] The Chief Executive Officer of Chapel Hill Denham and Chief Investment Officer of the Nigeria Infrastructure Debt Fund Mr. Bolaji Balogun, in this interview on 'The Morning Show' on Arise Television spoke extensively on the need for increased investments in infrastructure in the country.  Excerpts: (AllAfrica)


Sudan: Sudan Signs MOU With Us Exim Bank to Finance $1bn Worth of Investment

[Radio Dabanga] Khartoum -- The Sudanese Ministry of Finance and the Export-Import Bank of the United States (EXIM) signed a Memorandum of Understanding for a loan of $1 billion yesterday. (AllAfrica)


Ethiopia: Amhara State Preparing 10-Year Investment Plan

[Ethiopian Herald] ADDIS ABABA- Amhara State Investment Bureau is preparing a ten-year investment plan in a bid to create more jobs and facilitate technology transfer in agro-processing, agriculture, and infrastructures as well as power supply, according to the State's Investment Bureau. (AllAfrica)


Ethiopia: Gondar City, Surroundings Lure About 3.8 Billion Birr Investment

[Ethiopian Herald] ADDIS ABABA (ENA) - Some 75 Investors with close to 3.8 billion Birr registered capital have obtained licenses to operate in Gondar city and the surroundings during the past five months, according to the city administration. (AllAfrica)


Liberia: Liberians in U.S. Launch Investment Group to Invest in Health, Real Estate and Agriculture

[FrontPageAfrica] Monrovia -- Dr. Stella Jefferies is a Liberian who works as a healthcare provider in the United States. She is also the CEO of Lib Investments Group, LLC (LIG) which is registered in the United States and also in Liberia. The company currently has 10 investors and looking for more partners both domestically and internationally. (AllAfrica)


Africa: Opinion - the Smart Money Is Heading Toward Stronger Climate Action

[Thomson Reuters Foundation] With climate-smart investments outperforming their rivals, now's the time for companies to step up Marķa Mendiluce is CEO of the We Mean Business coalition. (AllAfrica)