As part of preparations to float the proposed national carrier, Nigeria Air, the Federal Government on Friday announced Ethiopian Airlines as the preferred bidder. Minister of Aviation, Sen. Hadi Sirika, said …
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AfricaAviationBusinessINVESTMENTNewsNigeriaWestern Africa
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Rockefeller Foundation partners with e-GUIDE and Atlas AI to accelerate development in Africa
The Rockefeller Foundation, an American private foundation, and philanthropic medical research and arts funding organization launched a new $5.5 million partnership with e-GUIDE and Atlas AI to encourage climate-resilient infrastructure investment and speed …
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AfricaAFRICA NEWSINVESTMENTNewsNorth AfricaNorthern Africa
Emirati Investments in Egypt jump to $1.9B in H1 2021/22
Emirati investments in Egypt increased 169.1 percent during the first half of the 2021-2022 fiscal year, to $1.9 billion, compared to $712.6 million during the same period of the fiscal …
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AfricaAFRICA NEWSBusinessHospitality, Travel & TourismINVESTMENTNewsNigeriaWestern Africa
FGN seeks $400m private investment to complete millennium tower
The Federal Government of Nigeria has called on private investors particularly art lovers to join hands on the completion of the Millennium Tower and Cultural Centre (MTCC). The call was …
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AfricaAFRICA NEWSBusinessEgyptINVESTMENTNewsNorth AfricaNorthern Africa
Egyptian startup, Convertedin secures $3M in seed funding round
Convertedin, a marketing automation platform has announced that it raised a $3 million seed funding round from global and regional investors. CEO Mohamed Fergany confirmed the development in a media release …
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AfricaBusinessEconomyINVESTMENTNewsNorthern Africa
Morroccan diaspora remittances reach $4.6 Billion in H1
Remittances from Morocco’s diaspora reached MAD 47.04 billion, or $4.56 billion during the first half of 2022. According to new data from Morocco’s Foreign Exchange Office, the number represents an increase …
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AfricaBusinessFinance & ServicesGlobal NewsHealthcareINVESTMENTNewsSouth AfricaSouthern Africa
Consortium to buy S.Africa hospitals firm Mediclinic for $4.49 billion
South Africa’s Remgro Ltd (REMJ.J) said on Thursday it will buy hospital chain operator Mediclinic International (MDCM.L) in a consortium with Switzerland’s MSC Mediterranean Shipping for 3.7 billion pounds ($4.49 billion). The offer, which …
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The Nigerian Exchange Limited (NGX) has lifted the trading suspension placed on trading the shares of C & I Leasing Plc for failing to file its financial results for 2021, …
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Centum real estate reported a Sh650million consolidated operating profit for the year ended March 31, driven by profits from homes sales and development rights business line. Home sales achieved significant …
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M-Pesa virtual Visa card is undercutting Kenya’s commercial banks with lower foreign exchange rates in the race to get a larger share of the country’s cross-border payments market. The virtual …