AIC News

As global leaders assemble in Glasgow for the COP26 conference, it is imperative that they do not forget about the people most at-risk from increasing global temperatures, particularly in Africa.

According to Nangula Uaandja, CEO of the Namibian Investment Promotion and Development Board, this is exactly the type of investment the board aims to attract.

Benya Group, a leading digital solutions and ICT infrastructure provider in Egypt and the Middle East and Africa (MEA) region, aims to expand into new markets outside Egypt.

JP Morgan, which is one of the world’s largest investment banks and advising the consortium of Qatar Investment Authority (QIA), informed the Privatisation Commission on Monday that QIA is a strong contender for investment in RLNG power projects.

As COP26 negotiations are underway, African ministers have challenged funders to provide USD 2 billion toward the AFR100 initiative by the next COP, while the first 20 restoration groups to receive funding from AFR100 have been announced.

Over the last decade, Africa has emerged as a promising investment destination for global investors across health, infrastructure, industry and consumer good sectors–especially for U.S. firms.

Asking Africa to reduce numbers of livestock to meet global climate goals, as one European negotiator suggested earlier this year, is not a solution to the climate change crisis, writes George Wamukoya.

To support universal and affordable broadband access in Africa, IFC has partnered with Liquid Intelligent Technologies (Liquid.Tech) to expand data center capacity and the rollout of fiber-optic cable on the continent.

The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and adaptation in developing countries.