African investment Archives - AfricaBusiness.com

A major new study launched today shines a light on the millions of jobs and multibillion dollar GDP created for mainland Africa due to Mauritius’ role as a leading International Financial Centre (IFC). The study argues that the Republic of Mauritius is poised to play a critical role in supporting Africa’s progress towards achieving the UN Sustainable Development Goals. The new report ‘Facilitating Growth, Employment & Prosperity in Africa’ has been produced by Capital Economics for the Economic Development Board of Mauritius. The key findings of the report show that: 2 million jobs in mainland Africa are supported by foreign investment mediated by Mauritius. These mainland jobs represent more than three times the Mauritian population and 0.6 per cent of all employment in the co...

On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy, Ian Lessem, Managing Partner at HAVAÍC – investors in early-stage, high-growth technology businesses – says several other African cities are quickly emerging as leading startup and investment hubs to watch. “Startups in Nigeria, Kenya, Egypt and South Africa raised a total of US$625 million last year. Of those, Kenyan startups raised US$191 million, the most of any other African country, according to Disrupt Africa’s African Tech Startup Funding Report for 2020. Distinct startup geographies are emerging in Africa, each with the potential to become its own powerhouse,” he says. In addition, the World Bank predicts that two thirds of the world’s ...

Tag: African investment

Over 4m Jobs In Mainland Africa Supported By Mauritian IFC – Report Shows

Top African regions set to become leading startup and investment hubs