Investment

TotalEnergies to invest $6 Billion in Nigeria’s Energy Sector

French energy giant TotalEnergies has unveiled its plans to invest $6 billion in Nigeria’s oil and gas industry over the coming years, focusing on offshore projects and gas production across all terrains. This significant investment is a major boost for Nigeria’s economy and its efforts to attract foreign investment. The company while unveiling the plans, …

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S’African Billionaire, Oppenheimer buys 100% stake in Nigerian Can Manufacturer

A South African businessman has acquired a 100% stake in Nigeria’s biggest beverage can manufacturer, GZ Industries. The deal was announced recently by Johannesburg-based Global Beer Company, which is controlled by Jonathan Oppenheimer, the son of South African billionaire Nicky Oppenheimer. The acquisition is a major boost for GZ Industries, which has been struggling in …

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South Africa’s state-owned Transnet gets $2.5 billion to meet debt obligations

The South African government has announced a $2.5 billion bailout for the state-owned freight rail and ports operator Transnet. The company has been struggling with operational, financial, and governance challenges, and the bailout is intended to help it meet its debt obligations and improve its performance. Transnet is a crucial part of South Africa’s economy, …

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Afreximbank to inject $1 billion Fund to Boost Africa’s Film Industry

The African Export-Import Bank (Afreximbank) has announced plans for a $1 billion African Film Fund to support and finance the continent’s film sector. This significant investment aims to bolster the industry’s growth and unlock its vast potential to contribute to Africa’s economic and cultural development. What you should know The establishment of the African Film …

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EU to Invest €8 billion in Africa’s Agric Sector

The European Union (EU) has pledged to invest €8 billion in African agriculture over the next seven years. This significant investment aims to boost food production, create jobs, and improve food security across the continent. The funds will be used to support a variety of initiatives, including: Increasing agricultural productivity: This includes investments in irrigation …

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The Biden-led US Government, Africa set to announce new trade and investment deals

The Joe Biden-led white house is ramping up its investment in Africa with a new trade and investment deal on the horizon.  According to a recent announcement from the White House, the United States and Africa are poised to announce a number of new trade and investment deals.  The deals are expected to cover a …

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Saudi Arabia Pledges $25 Billion in Investment for Africa, to increase Diplomatic Presence

As part of efforts towards strengthening ties with Africa, the Crown Prince of Saudi Arabia, Prince Mohammed bin Salman has announced the Kingdom’s inject over $25 billion in new Saudi Investments into the continent. Prince Salman made this known during the just concluded Saudi Arabia-Africa Summit in Riyadh, Saudi Arabia. The leaders of Saudi Arabia …

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China, Africa deepen ties with new trade and investment deals

As part of efforts to sustain the enduring bilateral relations between China and Africa, the South-East Asian country and Africa have signed a series of new trade deals to promote shared interests and economic growth. The deals were signed on the sidelines of the Forum on China-Africa Cooperation (FOCAC), a major summit that takes place …

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Africa set to overtake Europe on Geothermal Capacity by 2025

According to a new report by the International Geothermal Association (IGA), Africa is set to overtake Europe in geothermal capacity in the next few years. The report, which was released recently found that Africa has the potential to generate up to 15,000 MW of geothermal electricity, more than any other continent except Asia. The report …

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