Private investment in Africa exceeds expectations
Despite widespread decline felt by most economies across the globe, private equity fundraising in Africa has already managed to reach US$1.3bn for the first half of 2021, when including final and interim closes. Mirroring the gradual stabilization of Africa’s macroeconomic environment is the African private equity (PE) industry, which continues to prove itself and is […]
Global tourism focuses on inclusive growth
Global tourism has reaffirmed its commitment to making the sector a pillar of inclusive growth. At the official World Tourism Day 2021 celebrations in Abidjan, Ivory Coast, political and business leaders united behind a common message of solidarity and determination to ‘leave nobody behind’ as tourism restarts and grows back. Ivorian Prime Minister Patrick Achi […]
African free trade agreement scales up in Nigeria
Implemented on January 1, 2021, the African Continental Free Trade Agreement (AfCFTA) is considered the foundation for enhanced cross-continental trade in Africa. Signed by 54 countries, the agreement comprises the reduction of tariff and non-tariff barriers, the simplification of custom procedures, and the elimination of red tape with the aim of creating a single market […]
Africa: Germany commits €100m for renewable energy
The German government will contribute €100 million to the African Development Bank’s (AfDB) Sustainable Energy Fund for Africa (SEFA), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. The announcement came during the United Nations High-Level Dialogue on Energy, held in New York on 24 […]
