Car dealers will be required to reveal the identity of buyers and their sources of income if Treasury proposals seeking to seal loopholes for the money laundering and flow of …
INVESTMENT
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AfricaAgricultureFood ProductionINVESTMENTNewsNigeriaWestern Africa
Food security: US to invest $55m in Nigeria’s agric sector
The United States says it will invest an additional $55 million in Nigeria’s agricultural sector to support food security. The US embassy and consulate in Nigeria disclosed this in a …
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AfricaBusinessCentral AfricaINVESTMENTNewsOil & Gas
DR Congo puts up oil and gas fields for sale, invites Investors
The President of the Democratic Republic of Congo, Félix Tshilombo, has invited international investors to tender bids for the country’s oil and gas blocs as the government moves to diversify …
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The Africa Finance Corporation (AFC) says it is in talks with the Angolan government to provide a $1 billion funding commitment to support the country’s rail, power and natural resources …
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Turkish manufacturing conglomerate which is putting up an investment project at the Naivasha Special Economic Zone commissioned by the President on Tuesday, is set to create about 2,900 jobs locally. …
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BusinessEastern AfricaEconomyINVESTMENT
Foreign Outflows Surge To Sh10.88bn As Global Shocks Persist
Foreign investor outflows at the Nairobi Securities Exchange surged more than six times to Sh10.8 billion in the quarter ended June 2022, as the foreigners sought safer investment destinations amid …
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Centum Investment Company shareholders are set to receive a Sh391 million dividend payout after the firm narrowed its losses by 2 per cent in the year ended March 2022. The …
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Tech giants including Google, Facebook, Twitter, YouTube have shown interest in investing and exploring business opportunities in Nigeria’s digital space. The Minister of Information and Culture, Alhaji Lai Mohammed disclosed this …
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AfricaGlobal NewsINVESTMENTNigeriaWestern Africa
ACCI partners IIUSA, to promote Nigerian investments in the US
The Abuja Chamber of Commerce and Industry (ACCI), has entered into partnership with Invest In The United States of America (IIUSA) , a US trade programme, to promote the investments of …
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Catalyst Fund has raised $3.5 million from FSD Africa, seeking to accelerate and scale Pre-Seed Impact Ventures in Africa. With FSD Africa’s backing, Catalyst Fund will invest and offer hands-on …