Business Powerful Indian tycoon faces backlash in Kenya Court halts a US$1.85bn airport lease deal and a US$736m power transmission line contract with Adani Published on 17 Oct 2024 Start-up investments in Africa rebound Q3 turns out to be the best quarter for African start-up funding since mid-2023 Published on 25 Oct 2024 Africa’s US$90bn power plan holds promise for Singaporean investors Mission 300 initiative seeks to connect 300m Africans to power grids by 2030 Published on 25 Sep 2024 Tanzania records a dramatic surge in FDI Dar es Salaam records a 22% bump in investments as Asian money piles in Published on 24 Aug 2024 Start-ups in Africa record the lowest quarterly performance since 2020 They raised just over US$300 million in Q2 2024 Published on 28 Aug 2024 Chinese fast-fashion platform Shein to open pop-up store in South Africa Online retail sales in South Africa grew by 29% in 2023 Published on 29 Jul 2024 AirAsia becomes the first low-cost carrier from South-East Asia to fly to Africa Asians account for 17% of international arrivals to Kenya Published on 29 Jul 2024 Tolaram acquires Guinness Nigeria for US$69m For the first time in history a Singapore-based conglomerate will bottle and sell a legendary Irish beer brand in Africa Published on 23 Jun 2024 India becomes the top foreign investor in Rwanda Indian investments crossed US$175m in 2023 Published on 28 May 2024 Tax treaty changes to impact India investments via Mauritius Mauritius is the second most significant source of foreign direct investment in India Published on 29 Apr 2024 Surbana Jurong to develop blueprint for Libyan Special Economic Zone The Misurata Free Zone set to power an economy bouncing back from a civil war Published on 27 Mar 2024 Ethiopian Airlines launches e-commerce logistics hub to serve Alibaba, Shein New US$55m facility to handle 150,000 tonnes of cargo annually Published on 22 Mar 2024 Singaporean distiller wins recognition for his ‘made in Rwanda’ rum Rohan Shah makes Imizi Rum out sugarcane grown by smallholder farmers in Rwanda Published on 28 Feb 2024 Start-up investments in Africa face serious slowdown in 2023 Equity investments contracted by -57% YoY last year, while a rise in debt financing helped soften the blow Published on 26 Jan 2024 Africa set to be the second fastest-growing region in the world in 2024 Niger set to lead African growth with an annual GDP growth of 12.8% Published on 29 Jan 2024 Procter & Gamble halts manufacturing in Nigeria amid economic headwinds Multinationals are reassessing their presence in Nigeria Published on 27 Dec 2023 Ethiopia's foreign investor drive facing headwinds Security risks and forex challenges deter offshore businesspeople Published on 21 Nov 2023 Singapore Rwanda MoU to focus on carbon trading, urban planning, and more Rwanda seeks to position itself as a marketplace for carbon offset Published on 24 Oct 2023 Ghana net-zero plan offers US$500bn worth of investment opportunities Energy transition roadmap targets a wide range of industries Published on 25 Oct 2023 Nigeria receives US$14.3 bn in investment pledges from Indian businesses Commitments span multiple sectors, including power, manufacturing and defence Published on 26 Sep 2023 Indian low-cost carrier begins daily flights to Kenya The direct Mumbai-Nairobi connections promises to boost tourism and trade Published on 28 Aug 2023 African start-ups face a funding winter VC funding in African start-ups drops 62% this year Published on 20 Jul 2023 Pan Pacific breaks into Africa with its first investment in Kenya The brand-new 175 room serviced apartment offers world class accommodation in the heart of Nairobi Published on 26 Jun 2023 Singapore PM's Africa visit highlights potential business opportunities Prime Minister Lee Hsien Loong prods Singapore firms to put Africa in their portfolio as he makes his first visit to South Africa and Kenya Published on 29 May 2023 Start-ups in Africa raise US$1.3bn in Q1 2023 even as funding becomes scarce VC funding contracts but there is no meltdown Published on 18 Apr 2023 South African private equity launches fund in Singapore to back AI AI Capital will invest in businesses that use and integrate artificial intelligence for growth Published on 23 Mar 2023 Petronas sells its stake in African fuel station chain Engen The undisclosed deal will make British firm Vivo one of the biggest petrol retailer in Southern Africa Published on 27 Feb 2023 African start-ups raised almost US$5bn in 2022 despite global slump The slowdown of the second half of the year could not wipe out gains made in the first half of the year Published on 30 Jan 2023 Singapore commodity major secures US$600m financing for DRC cobalt Trafigura signs financing agreement to develop the third largest cobalt mine in the world Published on 26 Dec 2022 Singapore’s GIC increases stake in African retail group Shoprite South Africa’s biggest retailer embraces digitalisation as it zooms in on its home market Published on 21 Nov 2022 VC funding in Africa slows down Yet African start-ups succeed in raising US$4bn in the first three quarters of 2022 Published on 25 Oct 2022 Accelerator aims to help Singaporean start-ups enter South African market Enterprise Singapore backed initiative to select 10 ventures for eight-week programme Published on 26 Sep 2022 Olam-backed port terminal to boost mining exports out of Côte d'Ivoire San Pedro multipurpose bulk terminal offers a more competitive commodities import-export gateway Published on 22 Aug 2022 VC funding in Africa reaches new heights despite global turmoil African start-ups have raised over US$1.3bn in Q2, taking the total raised in 2022 so far to US$3.1bn+ Published on 18 Jul 2022 West African airlines court international partners as aviation sector revives Opportunity for the likes of Singapore Airlines and Emirates to acquire strategic stakes Published on 15 Jun 2022 Emirati fast-food chain to open multiple outlets in Kenya Highlights the growth of the fast-food market in the country and Africa more broadly Published on 24 May 2022 A very strong start for VC funding in Africa this year African start-ups raise US$1.8bn in Q1 Published on 18 Apr 2022 South Africa to offer remote working visas The new class of visa aims to attract skilled, high-spending workers Published on 19 Mar 2022 2021 – a record year for Venture Capital funding in Africa The continent outpaced global VC growth last year Published on 13 Jan 2022 The battle for supremacy over East Africa's skies Rwanda, Tanzania, and Uganda are competing against Ethiopia and Kenya in the aviation sector Published on 27 Dec 2021 Telecom players in Africa sell mobile phone towers to raise capital MTN is the latest to join a string of telecom operators who have decided to put up their tower assets for sale Published on 21 Dec 2021 Ethiopian Airlines steps up its domination of African skies The continent’s leading carrier goes on an expansion spree through acquisitions and strategic partnerships Published on 08 Dec 2021 East African CEOs bullish about business in the region KPMG study says 82% of CEOs in East Africa are positive about their region's growth prospects. Published on 08 Nov 2021 TikTok gaining ground as a marketing platform in Africa The Chinese social media platform is giving Facebook a run for its money. Published on 25 Oct 2021 Pandemic prompts Moroccan handicraft industry to go online Authorities turn to Jumia for help. Published on 24 Sep 2021 The impact of technology, consumer behaviour and purchasing capacity on African retail Africa is beginning the see the emergence of a middle-class that wants to shop in malls. But technology and consumer behaviour are not the only factors that will change the face of retail here. Published on 31 Mar 2021 African leather starts to shine Africa exports raw hides and imports leather products. But now its leather industry is slowly turning a corner. Published on 14 May 2021
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