Swiss private banking group Edmund de Rothschild will invest US$530mn in Africa to develop the continents economy and raise the living standards of the middle class population
Business
UAE’s Altaaqa Global opens new office in Kenya
Dubai-based power solutions company Altaaqa Global CAT Rental Power has opened a new office in Nairobi to serve the East African zone
Economy boosts Metrofile’s business in Mozambique
Strong economic growth in Mozambique has contributed to a significant business surge at information provider and record management company Metrofile Records Management Mozambique
Standard Chartered invests US$57 million in Zambian Energy Corporation
Standard Chartereds private equity arm has paid US$57mn to acquire a 25.8 per cent stake in Zambian Energy Corporation
AfDB commissions US$25 million fund for infrastructure projects across Africa
The African Development Bank (AfDB) has commissioned a US$25mn Pan-African Infrastructure Development Fund (PAIDF 2), which will invest in power, transport, water and sanitation, information and communication technologies (ICT) and healthcare infrastructure projects across the continent