AIC News

Cameroon’s Investment Promotion Agency (API) recently signed an agreement with the construction company CCMM, making it eligible for the tax and customs incentives provided by the 2013 law on private investment in the country.

China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks in the United States, Germany, Japan and France combined, a new study showed.

The Emerging Africa Infrastructure Fund (EAIF) will lend $35 million to the Kesses solar generation plant in Kenya.

Guaranty Trust Holding Company Plc, a diversified financial services provider, today notified the Nigerian Exchange Group (NGX) and the investing public that GTCO Plc has concluded the acquisition of the 100% equity stake in Investment One Pension Managers Limited (IOPM) and Investment One Funds Management Limited (IOFM) (together, the Companies) held by Investment One Financial Services Limited.

In all, 564 startups raised a combined US$2,148,517,500 in 2021, representing incredible growth. The number of funded startups grew by 42.1 per cent from 397 in 2020, and the funding total was almost treble – up 206.3 per cent from the US$701,460,565 banked the previous year.

Prime Minister Edouard Ngirente has touted private investments as a key driver for recovery of small and medium businesses (SMEs) in the face of the Covid-19 pandemic and other global challenges.

The Ministry disclosed that one of the major energy companies in Russia, Energy solutions, electro technical holding company ERSO, has shown interest to invest in the energy sectors of Ethiopia.

Wegen Technology Solutions PLC launched an Ethiopian-based donation platform, WegenFund, in collaboration with the Bank of Abyssinia.

The Secretary-General of AfCFTA Secretariat, WamkeleMene, made this known to journalists in Accra on Saturday at a briefing on the eighth AfCFTA Council of Ministers of Trade Council meeting held in Ghana on Friday and Saturday.

The government’s move to engage local investors in the mining sector will boost Ethiopia’s economy and improve the livelihoods of citizens. Economists said, calling for stiff measures to halt frauds in the production permits.