African News Archives - Page 8 of 46

29Nov

By Africa BusinessNo Comments

African News, Events, Startups

Discover the first speakers and themes of the 5th edition of EMERGING Valley

A major annual event for Afro-European Tech players, the EMERGING Valley International Summit will be held phygitally on December 14, at the Palais du Pharo in Marseille, with over 200 speakers and 2,500 digital and face-to-face participants expected. The event is open and free of charge to everyone, just sign up on the official website. EMERGING Valley is delighted to unveil the first international experts who will be participating in its major debates. Here are the first confirmed speakers: · Minister Taleb OULD SID'AHMED, Minister of Employment and Professional Integration of Mauritania, · Mrs Aurelie Ilimatou ADAM SOULE, Minister of Numeric and Digitalisation of Benin · Mr. Grégory CLEMENTE, Managing Director of PROPARCO (France), Mr. Satoshi SH...

21Nov

By Africa BusinessNo Comments

African News, Democratic Republic of the Congo

ANAPI and Dubai FDI sign a Memorandum of Understanding to promote the expansion of trade and investment between the DRC and the United Arab Emirates

DUBAI - On the sidelines of the participation of the Democratic Republic of Congo in the Expo 2020 Dubai, the National Investments Promotion Agency of the DRC (ANAPI), represented by its Director General, Mr. Anthony Nkinzo Kamole, and Dubai Investment Development Agency (Dubai FDI), represented by its Chief Executive Officer, His Excellency Mr. Fahad Al Gergawi, signed on October 14, 2021, in Dubai in the United Arab Emirates, a Memorandum of Understanding for collaboration between the two institutions. This agreement establishes the principles and the basis of an increased technical and commercial cooperation between ANAPI and Dubai FDI, and aims especially at the reinforcement of the economic links of business between the DRC and the United Arab Emirates, notably at the level of the pri...

4Nov

By Africa BusinessNo Comments

African News, Agriculture, Democratic Republic of the Congo, Kenya News, Uganda News

African climate innovators dominate global climate prize at COP26

Four African climate innovators were named as winners at 2021's presigious Ashden Awards held on November 4 at the global climate summit COP26 in Glasgow, UK. Three more of the continent’s low carbon pioneers were announced as runners up. The Ashden Awards honour pioneering organisations from the UK and low-income countries lowering carbon emissions and building a fairer world. World leaders and international organisations are gathering in Glasgow from November 1 to 13 to agree a global plan for tackling the climate crisis. The key note speech at the awards ceremony was given by Costa Rican President, Carlos Alvarado, who said: “We share the conviction that sustainable development goes hand in hand with economic growth, as well as a deep commitment to decarbonization and to promote nat...

3Nov

By Baker McKenzieNo Comments

African News, South Africa News

Africa: COMESA Competition Commission publishes draft guidelines on penalty, settlement and hearing procedures

By Lerisha Naidu, Partner, Sphesihle Nxumalo, Associate, and Zareenah Rasool, Candidate Attorney, Competition & Antitrust Practice, Baker McKenzie Johannesburg The COMESA Competition Commission (Commission) published draft guidelines to the COMESA Competition Regulations, 2004 (Regulations) for public comment on 19 October 2021. The guidelines aim to provide clarity on the Commission's policies and procedures, and to foster transparency and certainty in the administration and enforcement of the Regulations. These draft guidelines are based on international best practices and policy approaches of key regulators, including the European Commission. They address three fundamental areas of regulatory enforcement – the determination of fines and administrative penalties, settlement procedur...

26Oct

By Africa BusinessNo Comments

African News, Democratic Republic of the Congo

Invest in DR Congo Forum held at Expo 2020 Dubai

The Invest in the Democratic Republic of Congo Forum addressed major investment opportunities within the country, and brought together stakeholders to discuss policies and ideas, in order to bring in FDI towards DR Congo, at the Expo 2020, Dubai, UAE. The Invest in the Democratic Republic of Congo Forum was held on the 17th of October, 2021 at Suite 1 North, Dubai Exhibition Centre, Expo 2020 Dubai. The Invest in DR Congo Forum 2021 welcomed hundreds of participants and top speakers at the Expo 2020, with the agenda to promote and address the investment-friendly business environment of DR Congo. IDRC 2021 Forum brought together ministers, government officials, public and private sector organizations, investors, policy experts & advisors who discussed significant areas of growth and...

18Oct

By Africa BusinessNo Comments

African News, Energy, Green Energy

Gaia Africa Climate Fund selected by the ICFA Luxembourg to be accelerated

The Gaia Africa Climate Fund has been selected as one of five funds to be accelerated by the International Climate Finance Accelerator in Luxembourg (ICFA). Being selected by the ICFA entails that the Gaia Africa Climate Fund – which was launched in July 2021 – will benefit from a financial award, training, access to a range of investor platforms and guidance on best practice. According to Renier de Wit, Managing Director of Gaia Fund Managers: “Gaia is absolutely thrilled to be selected as an ICFA cohort winner in 2021. The award accelerates the establishment of Gaia Africa Climate Fund in Luxembourg, ensuring this dream becomes a reality for the Gaia team. Gaia has significant value to bring to the African sustainable infrastructure market and to investors from developed markets seekin...

9Oct

By Africa BusinessNo Comments

African News, Business, Kenya News

DPI raises one of the largest Africa funds at US$900m to invest in innovation-led companies

Development Partners International (DPI), a premier investment firm focused on Africa, announced on 4th October that African Development Partners III Fund (ADP III), has exceeded its US$800 million target, and is set to hold a final close at US$900 million, with an additional US$250m of dedicated co-investment capital. This brings a total of US$1.15 billion for investments on the continent. The fundraising establishes ADP III as one of the largest funds dedicated to investing global capital in Africa. ADP III will invest in established and growing companies in industries that benefit from Africa’s fast-growing middle class and the increasing digital transformation of the continent. All investments have the highest standards of impact and environmental, social and governance (“ESG”) work. ...

7Oct

By Josephine WawiraNo Comments

African News, Kenya News

Kenya Plastics Pact launches to tackle plastics waste in the country

An ambitious, new collaborative initiative to tackle plastics waste and pollution has today launched in Kenya. The Kenya Plastics Pact (KPP) will bring together stakeholders across the plastics value chain to create a circular economy for plastics. The Pact brings together businesses, governments, researchers, NGOs, civil society, informal waste sector players, and other stakeholders across the whole plastics value chain, to set time-bound commitments to transform the current linear plastics system into a circular plastics economy. Plastics waste and pollution have captured the attention of businesses, governments, and citizens in Kenya. Today, published data shows that only 8% of plastic is recycled, with the remainder being landfilled or incinerated – or in the worst-case scenario, endi...

4Oct

By Africa BusinessNo Comments

African News, Energy, Uganda News

EXPO 2020 DUBAI: FIRST BIG INVESTMENT DEAL ANNOUNCED BY UGANDA

Participant country starts Expo 2020 Dubai investment rush by signing deals worth USD 650m in the first big investment announcement of Expo Investments are across sectors including healthcare, energy and transportation Ugandan Minister of Finance, Planning and Economic Development Hon. Matia Kasaija signs a series of investment deals that will generate jobs and economic growth in Uganda in the first major public investment deal of Expo 2020 Dubai. The Republic of Uganda became the first participant country at Expo 2020 to publicly announce a raft of new investment as the deals were signed by the country during a special ceremony held at the Expo 2020 Dubai today. The deals come the day after Uganda celebrated its National Day at the six-month-long event that started 1st October. The ...

17Sep

By Africa BusinessNo Comments

African News, Startups

First of Its Kind Fund Launches to Fuel Sustainable Development Goal-Driven Innovation in Africa

Focussed on catalysing dramatic change via disruptive tech investments in emerging markets, the Global Innovation Initiative Group (GIIG), has today announced the launch of a unique profit and purpose fund aimed at investing in early-stage tech innovation startups across Africa. The GIIG Africa Fund, a Curaçao-based private investment fund, will invest annually in the winners pool from the African region of the Global Startup Awards (GSA), the worlds’ largest independent start-up ecosystem competition. The aim: to stimulate entirely new industries, accelerate cross-border collaboration and unlock access to new markets across Africa. As the exclusive rights holder for the Awards, GIIG will have access to an active pipeline throughout the African continent comprised of vetted participants a...