investments Archives - Page 4 of 9

17Sep

By Africa BusinessNo Comments

Startups

The Annual Investment Meeting Startup Pillar to Empower Startups Globally

The Annual Investment Meeting 2022 will focus on SMEs and Startups by offering funding and financing opportunities and strategies to maximize the growth potential of businesses. The world’s renowned and leading investment platform, The Annual Investment Meeting will be held on 29 – 31 March 2022, under the theme “Investments in Sustainable Innovation for a Thriving Future”, and will provide a powerful platform for SMEs and startups to maximize their potential, expand their network, and grow globally. The Annual Investment Meeting 2022 strives to support all economic sectors by opening numerous doors of opportunities to the world as a dynamic roadmap to recovery as it puts a spotlight on six multi-faceted pillars including Startups. With AIM’s pillars, AIM 2022 actively supports busi...

17Sep

By Africa BusinessNo Comments

Business, Medicine, Tech

54gene Closes $25M Series B to Advance Global Drug Discovery Capabilities

Cathay Africinvest Innovation leads round as company expands precision medicine capabilities across the African continent 54gene, the health technology company advancing African genomics research for improved global health outcomes, has secured $25M in a Series B round, led by Cathay AfricInvest Innovation Fund. The round also included participation from Adjuvant Capital, KdT Ventures, Plexo Capital, Endeavor Capital, Ingressive Capital and others. This round brings the company’s total investment to date to more than $45M since being founded in 2019. The new capital raised will be deployed to expand 54gene’s capabilities in sequencing, target identification and validation, and precision medicine clinical trials enabling drug discovery in Africa for both Africans and the global population...

12Sep

By Africa BusinessNo Comments

Africa Travel, Events

AHIC 2021 at a glance: a sneak peek at the sessions and speakers set for this year’s highly anticipated event

Hospitality investors, owners and operators will meet in Dubai from 20-22 September for the 17th edition of AHIC, returning to Madinat Jumeirah live in person The Arabian & African Hospitality Investment Conference (AHIC) returns to Madinat Jumeirah in Dubai live in person from 20-22 September 2021, bringing together four powerful, active investment communities from across the region. For the first time, AHIC 2021, organised by Bench and MEED, will house the four close-knit investment communities of the Arabian Hospitality Investment Conference (AHIC), Saudi Arabia Hospitality Investment Conference (SHIC), Africa Hotel Investment Forum (AHIF) and the Global Restaurant Investment Forum (GRIF) under one roof. United by the theme Rise Together, investors, owners, private equity firms, ...

21Jul

By Giorgi MikhelidzeNo Comments

Business, Democratic Republic of the Congo, Kenya News

Africa as an important participant in the global economy

FDI, also known as foreign direct investment, has been virtually solely concentrated in Africa on the exploitation and export of natural resources for over a century. However, the momentum has changed after the turn of the 2000 and the tendency has finally changed in recent years. Global investors are more likely to visit Africa for their people's promises than for their actual property. Oil and mining now have a comparatively proportion of long-term foreign investment, with most investors focusing on telecoms, retail, and services. Over half of the FDI in the last seven years has been in the extractive industry. In the 46 jurisdictions in sub-Saharan Africa, this tendency is much stronger. Between 2005 and 2011, almost half of the regional total investment was over one year—but the revers...

19Jul

By Baker McKenzieNo Comments

Business, Kenya News, Nigeria News, South Africa News

Deal value increases in South Africa and Nigeria in the first half of this year

Baker McKenzie’s latest analysis of Refinitiv data shows that the value of mergers and acquisitions (M&A) in the first half 2021 (H1 2021) soared in South Africa, and that deal value also increased in Nigeria in the first six months of 2021, but Kenya experienced a slight decrease in both deal value and volume in H1 2021. South Africa The value of M&A transactions in South Africa in H1 2021 amounted to USD 52 billion, with 169 deals announced in the period. Compared to the first half of 2020, transactions volumes decreased by 8% but deal value increased by 958% in the first half of 2021. Refinitiv data shows that the volume of domestic transactions increased slightly to 80 deals, a 10% increase year on year (Y-o-Y). Domestic transactions in South Africa in H1 21 were worth USD 46....

16Jul

By Pomy KetemaNo Comments

Main

Decentralised finance may be the panacea for filling Africa’s Investment Gap

by Pomy Ketema, Counsel, Baker McKenzie, New York African countries continue to face substantial financing gaps as they take on projects of all sizes in pursuit of development. To tackle the slowdown in foreign direct investment since the onset of the pandemic, some African countries are actively courting their diaspora and looking for pockets of cash-rich businesses around the continent. Each country is on its own development trajectory. However, continental and regional initiatives, such as the African Continental Free Trade Area (AfCFTA), are being harnessed as broad-based wealth-creation vehicles. The AfCFTA, which took effect on January 1, 2021, aims to create an integrated continental market by reducing trade barriers among its 54 signatory countries. The trading pact is still under ...

13Jul

By Africa BusinessNo Comments

Cameroon News, Events, Zambia News

Annual Investment Meeting Successfully Concluded AIM AFRICA Digital Edition

The event witnessed the participation of 101 expert speakers, 2092 participants from 99 countries, with 41 countries from Africa and over 47 global exhibitors. The Annual Investment Meeting successfully concluded AIM AFRICA Digital Edition which took place from the 29th – 30th of June 2021 via Events10x platform under the theme “Africa Unlocked: Innovation and Sustainability as the Drivers of Economic Growth”. The two-day virtual conference witnessed the participation of 101 expert speakers, 2092 participants from 99 countries, with 41 countries from Africa and over 47 global exhibitors. Top government officials and high-level dignitaries also joined AIM AFRICA and among them was H.E Sheikh Shakhboot Nahyan Al Nahyan - Cabinet Member and Minister of State in the Ministry of Foreign Affair...

23Jun

By Africa BusinessNo Comments

Energy, South Sudan

Ministry Of Petroleum Launches First Oil Licensing Round Political Progress And Stability Sees South Sudan Open Up Energy Sector For Investment

Juba, South Sudan, June 23rd, 2021 – The Ministry of Petroleum (MoP) of the Republic of South Sudan, is honored to announce the launch of the country’s first Oil Licensing Round. The MoP has identified new exploration blocks with potential hydrocarbons and has compiled crucial data to provide to interested investors, operators and counterparties. According to the new analysis commissioned by the Ministry, approximately 90% of South Sudan’s oil and gas reserves remain unexplored, providing unprecedented opportunities to international investors. The Oil Licensing Round aims to attract interest from a diverse group of foreign investors to a region that is already home to oil and gas majors from China and Malaysia. The country is hoping to welcome back experienced partners and operators follo...

22Jun

By Africa BusinessNo Comments

Events, Main, Zimbabwe News

Unlocking Sustainable Investment in AFRICA through AIM-AFRICA

AIM AFRICA will be a powerful impetus in strengthening AFRICA’s economic stability, sustainability, and growth. The African continent has immense untapped economic potential that presents innumerable opportunities for investors. The continent is also emerging as one of the preferred destinations for investments. According to data released in 2020 by the United Nations Population Division, 56.2% of the global population now lives in urban areas. This figure is projected to increase to 75 percent by 2050, at a growing rate of 65 million urban dwellers annually. This fact illustrates the degree to which demography will shape the future of Africa. The increase in the population combined with the effects of urbanisation and rising levels of affluence are likely to attract investors into most o...

8Jun

By Africa BusinessNo Comments

Energy, Green Energy, Sierra Leone, Uganda News

Winch Energy Launches Crowdfunding For Off-Grid Renewables

New clean energy opportunities in developing countries for UK and international investors Off-grid utilities provider, Winch Energy, is seeking to secure up to £1.5 million through a crowdfunding campaign for projects to accelerate the installation of renewable energy technology in Sierra Leone and Uganda. The Crowdcube campaign is part of an overall fundraising plan over the next two years and follows Winch Energy’s recent closure of the largest mini grid limited recourse financing deal so far, via Winch IPP Holdings. The London-based company has already received investment from partner ITOCHU Europe PLC and is opening crowdfunding alongside this raise to secure additional funding for new projects and future expansion. Founded in 2008, Winch Energy has offices in UK, Italy, Sierra Leone, ...