investment

Barcelona Strikes a $50 Million Deal with DR Congo: An Opportunity or a Distraction? In a surprising turn of events, the iconic Barcelona football club has embarked on a groundbreaking partnership with the Democratic Republic of Congo (DR Congo), prominently featuring "DR Congo - Heart of Africa" on the back of their training shirts for the upcoming season. This $50 million, four-year collaboration aims to elevate the nation’s tourism and investment prospects on the global stage. As exciting as this may seem, one cannot…

Mali, Niger, and Burkina Faso: Charting a New Economic Course Through Investment Cooperation In the heart of West Africa, three nations are striking out on a bold new path that marries ambition with sovereignty. Mali, Niger, and Burkina Faso, all lead by military governments, have announced the creation of a regional investment bank—a crucial step toward reducing reliance on foreign aid and shaping their own developmental agendas. This cooperative venture marks a pivotal shift in regional politics and economics,…

China's Investment in Angola: A New Agricultural Era In a significant move set to reshape the agricultural landscape of Angola, China's Sinohydro Group has announced an investment exceeding $100 million aimed at diversifying the country’s grain production. This decision marks the second pivotal agricultural agreement between Angola and China within a span of just a week, underlining a strengthening bilateral relationship. On a late Thursday evening in Luanda, Angola's government granted Sinohydro a remarkable…

Recent discussions reported by Independent Uganda reveal a noteworthy meeting centered on transforming Zanzibar into a vibrant hub for infrastructure and innovation projects. The atmosphere was described as both cordial and strategic, underscoring a significant shift: private capital is increasingly eyeing opportunities within East Africa as it undergoes an economic evolution. At the heart of this initiative is Prateek Suri, a remarkable entrepreneur who previously catapulted Maser Group into a $5 billion…

Dangote's Cautious Approach Towards The Petroleum Sector In a recent discussion led by Aliko Dangote, Nigeria's most affluent billionaire, plans emerged regarding the construction of the country's largest seaport—an ambitious undertaking that promises to elevate his already expansive conglomerate. However, during a visit by members of the Global CEO Africa to the Dangote Petroleum Refinery, Dangote voiced an unexpected reluctance to dive deeper into the petroleum sector. Isn't it interesting how sometimes, the most…

In the vibrant landscape of Zambia's economic future, Barrick Gold Corporation, a renowned Canadian multinational, is embarking on an ambitious journey. With a formidable investment of $2 billion, the company is significantly expanding the Lumwana copper mine, a move that not only positions Zambia as a pivotal player in the global copper market but also enhances the industrial landscape locally. This expansive project, already underway, has set an impressive goal: doubling the annual copper output at Lumwana to…

During a recent meeting at the White House, President Donald Trump commended Liberian President Joseph Boakai for his remarkable command of the English language. This encounter, which also included leaders from five other African nations, showcased a moment of genuine appreciation. Trump expressed admiration, even inquiring about how Boakai honed his impressive language skills. Yet, beneath this seemingly innocent praise lies a deeper narrative that deserves scrutiny. Critics swiftly seized upon this incident, interpreting…

The Revival of Libya's Petroleum Sector: A New Era of Opportunities The landscape of global energy is shifting, and at the center of this transformation lies Libya, a North African country rich in oil and gas resources. Major players in the industry, including ExxonMobil, Chevron, TotalEnergies, and Eni, are beginning to take note of the country's revitalized petroleum sector. It's a change ripe with promise, both for Libya and for the international energy market. Recently, Masoud…

In a bold move aimed at invigorating the economy and drawing in private sector investment, Kenya is gearing up to privatize a number of state-owned enterprises through initial public offerings (IPOs). President William Ruto articulated this vision during a recent address at the London Stock Exchange, emphasizing the need for a modern and dynamic approach to national economic management. The journey towards privatization is set to kick off later this year with the listing of the Kenya Pipeline Company on the…

The ambitious billionaire Elon Musk is making waves yet again. His satellite internet venture, Starlink, is setting its sights on a hefty R2 billion investment—roughly $112.7 million—in South Africa. This investment appears to be a strategic move to navigate the complexities of the country’s Black Economic Empowerment (BEE) requirements. But what does this mean for both Starlink and the South African landscape? Starlink has openly expressed its intent to forge partnerships with local South African businesses to…