Category: Invest In Africa
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Climate Finance Initiatives Gain Momentum Ahead of COP27
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Global efforts to mobilize climate finance are gaining momentum ahead of the 27th Conference of the Parties (COP27) to the UN Framework Convention on Climate Change (UNFCCC). Governments, financial institutions, and multilateral organizations are ramping up commitments to fund climate-resilient projects and accelerate the transition to a low-carbon economy. Initiatives…
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Nigerian Tech Startups Garner Record Investment in Q2 2024
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Nigeria’s technology sector has experienced a surge in investment during the second quarter of 2024, marking a milestone for the country’s burgeoning tech industry. Reports indicate that Nigerian tech startups have attracted over $100 million in venture capital funding, a significant increase compared to previous quarters. The investment boom is…
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Africa’s Technological Leap: What the vision for the Future?
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Phani Kumar, a prominent figure in the tech industry, he shed light on his extensive experience spanning over two decades in emerging markets across Asia-Pacific, the Middle East, Africa, and beyond. First let start by what is the role of technology in the future of AfricaThe increased access to technology…
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BRICS Expansion Offers Opportunity to Boost African Trade, Say Experts
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The expansion of the BRICS economic bloc to include Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates presents significant opportunities for African trade, according to experts at a recent roundtable in Nairobi. This move could facilitate the continent’s shift from trading raw commodities to exporting value-added and intermediate…
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6 Reasons To Invest in Africa
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The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity. That’s not news to companies that have paid close attention to the continent and invested there. The fast growing youth population, the urbanization expected to drive over 50% of Africans…
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Unveiling Africa’s Economic Growth Potential: How a Thriving Financial Sector Can Unlock the Power of Foreign Investment
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Africa on the Rise: Foreign Investment Creates Opportunities Economic growth across Africa is fueled by a multitude of factors, and foreign direct investment (FDI) plays a critical role. Since the late 1980s, African governments have actively sought to attract FDI, hosting joint investment summits with developed nations. These efforts have…
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Can Zimbabwe’s New Gold-Backed Currency Overcome Public Skepticism and Crackdowns?
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Zimbabwe’s latest attempt to stabilize its economy through the introduction of a gold-backed currency, the Zimbabwe Gold (ZiG), has met with public skepticism and stringent enforcement measures. Despite extensive promotional efforts, including a patriotic song by reggae artist Ras Caleb, the ZiG faces substantial hurdles. The government launched the ZiG…
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Microsoft and G42 Partner to Invest $1 Billion in Kenyan Data Center
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By Samkele Mchunu Microsoft Corporation (MSFT.O) has announced a strategic partnership with UAE-based AI firm G42 to invest $1 billion in establishing a state-of-the-art data center in Kenya. This ambitious project aims to expand cloud-computing services across East Africa, marking a significant step in the region’s digital transformation. The announcement…