AIC News

Described as a growth investment product, clients invest in Nhaka Life’s cattle-backed investment plan for a minimum of $5 a month with a return driven by the number of calves born each year.

With Africa attracting only 2% of the global renewable energy investments, the continent is aspiring to increase its installed capacity but it needs capital, Chinese among others, to reach its sustainable development goals.

Research firm Trade & Industrial Policy Strategies (TIPS) has published its latest direct investment tracker, detailing the major developments in the pipeline for South Africa.

In expenditure terms, a recovery in investment and expanded household spending boosted South Africa’s gross domestic product (GDP) growth in the first quarter this year, according to a report issued by economic research firm Trade and Industrial Policy Strategies (Tips) on June 10.

A survey conducted by the Ichikowitz Family Foundation found that 76% of 4,507 young Africans across 15 countries named China as a foreign power with a positive influence on their lives.

The African Development Bank has signed an agreement to invest in the Joint Reinsurance Company of Member States of Conférence Interafricaine des Marchés d’Assurances (CICA-Re).

The International Finance Corporation (IFC), the private sector arm of the World Bank, plans to make an equity investment of up to €25 million ($26.43) into the Partech Africa Fund II (PAF II) by the Paris-based VC firm Partech. The IFC said in the disclosures that it’s eyeing a stake not exceeding 20%.

There is a necessity and utmost importance to enhance cooperation between Egypt and its brothers in the African continent in all fields, especially economy and development.

Foreign direct investment (FDI) to African countries hit a record $83 billion in 2021, according to UNCTAD’s World Investment Report 2022 published on 9 June.

As France deepened trade and investments in Nigeria, its largest partner on the African continent, it also sought to have more Nigerian businesses establish presence either in France or with French businesses.