foreign investments in Africa Archives

16Oct

By Africa BusinessNo Comments

African News, Business

MIGA and ATIDI collaborate to streamline African investments

Associations consent to second three-year arrangement to scale and imitate fruitful organization models. The agreement will establish a method for evaluating progress and outcomes, as well as joint marketing efforts to enhance cooperation and investigate new investment opportunities. The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group Guarantees, and the African Trade & Investment Development Insurance (ATIDI) have signed a three-year partnership to accelerate foreign direct investment throughout Africa. The two organizations have reached a second agreement to maximize development impact. Through the World Bank Group guarantee platform, the two organizations will collaborate by utilizing ATIDI's insurance and guarantee product expertise across t...

2021 sees surge in fundraising by African infrastructure funds with $2.14bn USD targeted

Africa-focussed infra investment funds have set a record fundraising target in 2021 Majority of deals by infra funds are of ‘green’ assets, as climate rises up the agenda for asset managers Dry powder and assets under management by infra funds at an all-time high, signalling investment boom to come Africa-focussed infrastructure investment funds have set record fundraising targets in 2021, according to new analysis by global law firm Linklaters. A total of ten funds have set a combined target of 2.14bn USD in their latest fundraising, a marked increase on previous years and over three times the average annual amount targeted over the last ten years. This year has also seen the largest number of newly formed funds that will specifically target Africa’s infrastructure needs - at ten...

African dealmaking decreases, the Africa’s Free Trade Agreement expected to boost recovery

Dealmaking activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value when compared to 2019. According to Baker McKenzie’s analysis of Refinitiv data, M&A transactions dropped in SSA in H2 2020, down 4% compared to H2 2019 with 329 deals in the period. Deal value fell by 17% to USD8.9 billion in the second half of 2020, compared to the same period in 2019. For the full year 2020, transactions dropped by 8%, with 625 deals in 2020, and deal value dropped by 33%, with deals valued at USD17.4 billion in total for 2020. However, as Africa gears up for its post-pandemic recovery, it appears that the opportunities presented by the recent launch of fr...