The Board of Directors of the African Development Fund has approved a grant of US$6.73 million to Mozambique in Abidjan on 13 September 2023 to support the implementation of the Institutional Support Project for Business Environment and Governance. Its first component is aimed at improving the business environment, including through capacity strengthening of the delivery
A global leader in the logistics industry, DHL has announced that it would continue to invest in the Nigerian market and help stimulate growth. Chief Executive Officer, DHL Express, Sub-Saharan Africa, Hennie Heymans, in a chat with journalists, said DHL would continue to be at the forefront of investment in the economy and help SMEs
Benoît de la Fouchardière, CEO of independent Anglo-French oil and gas company Perenco will join African policymakers and energy companies at the Invest in African Energy Forum Paris, providing insight into the independent’s African exploration agenda and connecting with new opportunities emerging across the continent. Scheduled for June 1 at the Westin Paris Vendome, the
Bolt is partnering with IFC, a member of the World Bank Group, to promote access to on-demand mobility services in emerging economies. IFC’s €20 million investment and advisory services will help Bolt expand mobility solutions that create earning opportunities, stimulate small-scale entrepreneurship, and improve access to transportation in Eastern European and African markets. Bolt launched
Tymebank said it had secured an investment of R1.6 billion from new investors in the UK and Philippines, as the leading South African digital bank, earmarking the funds to bolster its growth and secure its path to commercial success. TymeBank said the investment represents a strong endorsement for both TymeBank as one of the world’s
In line with driving development in Africa, the President of the Africa Development Bank (AfDB), Dr. Akinwunmi Adesina, has announced the need to mobilise mutual funds and other Assets Under Management (AUM) in the continent put at $1.8 trillion, to drive Africa’s development. He disclosed this in an interview on the sidelines of the just-concluded
Seplat Petroleum Development Company Plc (SEPL.L) planned $700 million Assa North /Ohaji South (ANOH) gas and condensate field project, at completion, is expected to contribute significantly in addressing Nigeria’s deficit in thermal power delivery. This was disclosed during the presentation titled ‘Stability, Performance, Growth’ the team of three presenters provided the audience with comprehensive information
Leading player in Nigeria’s financial services industry, Investment One recently launched its USSD Code *5678# to provide seamless financial services to its customers. The product which was unveiled in a media parley , learnt that the USSD product, which is the first of its kind in the industry, will make investment easier than imagined. The
Palm Hills Developments has directed EGP 2bn in investment to the company’s projects during 2018, and it targets increasing its investments by 25% in the current year, according to Mohamed Sultan, CEO of the company. In an interview with Sultan, in a bid to identify the company’s strategy during the current year, the transcript for
KPMG Professional Services says consumer goods and financial services are top attractive investment sectors in Nigeria. The firm disclosed this in its second edition of the KPMG’s report entitled, ‘Doing deals in Nigeria 2019 – Key insights from dealmakers.’ It stated that the report was the result of a survey of 50 senior business executives
