AIC News

National Energy Services Reunited Corp. a national, industry-leading provider of integrated energy services in the Middle East and North Africa (“MENA”) region, today announced an investment in Qube Technologies.

Prosper Africa, a U.S. trade and investment initiative, and the Richmond-based business Red River Foods unveiled a $47 million co-investment Wednesday to expand cashew processing facilities in West Africa.

Washington’s involvement in infrastructure in Africa was not about China, but intended to improve the standard of infrastructure without countries becoming burdened by debt.

Pull back of investments on hydrocarbon development projects by the oil majors and international financial institutions is indeed a challenge for oil producing countries such as Nigeria.

Mobility 54 Investment SAS, a corporate venture capital subsidiary of Toyota Tsusho Corporation and CFAO group, DOB Equity and InfraCo Africa have invested $3.4 million (€3 million) in electric motorcycle startup Zembo to help it grow its business.

South African fintech Ozow has raised US$48-million (about R750-million) in a series-B funding round led by China’s Tencent Holdings, the company said on Wednesday.

Norwegian development finance institution Norfund and the Macquarie-managed UK Climate Investments (UKCI) have agreed to invest in a joint venture to fund its 40% participation in the development of a 700MW onshore wind portfolio in South Africa.

A delegation from the Africa Investment Consortium is participating in a high-level networking event for businesses in Africa which is aimed at promoting African businesses and trade among African countries.

HEINEKEN N.V. (‘HEINEKEN’) ((EURONEXT: HEIA, OTCQX:HEINY) today announced that it has entered into an implementation agreement with Distell Group Holdings Limited (‘Distell’), Namibia Breweries Limited (‘NBL’) and Ohlthaver & List Group of Companies (‘O&L’) to integrate their respective and relevant businesses in Southern Africa into one enlarged company (“the Transaction”).

Samantha Power, Administrator of the U.S. Agency for International Development, announced the launch of USAID’s new continent-wide Africa Trade and Investment program.