Business

African trade finance sees US$5bn in portfolio outflows in Q1 2020

Africa trade finance 23 AprilAfrican trade finance has witnessed US$5bn in portfolio outflows in the Q1 2020 due to COVID-19, but opportunities exist, according to the African Trade Finance Survey Report

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ITFC signs US$750mn deal to support Cameroon’s key sectors

ITFC 19 AprilThe International Islamic Trade Finance Corporation (ITFC), the Islamic Development Bank Group (IsDB) and the Republic of Cameroon have signed two agreements to support key industries in Cameroon

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Africa continues to rank high as a top destination for UAE investors

Africa dc ApThe UAE ranks as one of the top five FDI source countries into Africa by capital investment, according to  Knight Frank’s Africa Horizons Report 2021/22

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Dangote Group plans advanced refinery project in Nigeria

Dangote refinery 31 MarchThe Dangote Group has planned an advanced refinery project in Nigeria, with an aim to reduce the West African country’s reliance on imported energy and bring with it more than 30,000 jobs

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Metso Outotec and BIA Group expand distribution partnership to Africa

Metso BIAMetso Outotec and its distribution partner BIA Group have signed a contract to expand their aggregates distribution coverage to Africa

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