Africa investment news

Here are some recent Africa investment news stories:

Infrastructure Development

  1. Kenya's Standard Gauge Railway: The Kenyan government has announced plans to expand the Standard Gauge Railway (SGR) to Uganda and South Sudan, with an estimated cost of $3.2 billion. (Source: The East African)
  2. Nigeria's Lagos-Ibadan Expressway: The Nigerian government has awarded a $2.5 billion contract to build the Lagos-Ibadan Expressway, a major highway project that will improve connectivity between the two cities. (Source: Premium Times)

Energy and Power

  1. South Africa's Renewable Energy: The South African government has announced plans to increase its renewable energy capacity by 20% by 2030, with a focus on solar and wind power. (Source: Business Day)
  2. Egypt's Solar Power Plant: Egypt has launched a 200 MW solar power plant in the city of Benban, which is expected to generate enough electricity to power 200,000 homes. (Source: Reuters)

Technology and Startups

  1. Nigeria's Tech Ecosystem: Nigeria's tech ecosystem has attracted significant investment, with startups like Andela and Flutterwave raising millions of dollars in funding. (Source: TechCrunch)
  2. Kenya's M-Pesa: Safaricom, the Kenyan telecom operator, has launched a new digital payment platform called M-Pesa, which allows users to make payments and transfer money using their mobile phones. (Source: The Star)

Agriculture and Food

  1. Ethiopia's Agricultural Growth: Ethiopia has announced plans to increase its agricultural production by 20% by 2025, with a focus on crops like maize, wheat, and sugarcane. (Source: The Ethiopian Herald)
  2. South Africa's Wine Industry: South Africa's wine industry has attracted significant investment, with wine producers like KWV and Distell investing in new vineyards and wineries. (Source: Wine Enthusiast)

Real Estate and Construction

  1. Nigeria's Real Estate Market: Nigeria's real estate market has seen significant growth, with property prices increasing by 10% in the past year. (Source: ThisDay)
  2. Egypt's New Capital City: Egypt has launched a new capital city, called the New Administrative Capital, which will be built on a 700 square kilometer site and will house government offices, residential areas, and commercial centers. (Source: Al Jazeera)

Other News

  1. Africa's Economic Growth: The African Development Bank has forecast that Africa's economy will grow by 3.4% in 2023, driven by increased investment in infrastructure and technology. (Source: African Development Bank)
  2. China-Africa Trade: China has announced plans to increase its trade with Africa, with a focus on infrastructure development, energy, and manufacturing. (Source: Xinhua News Agency)

These are just a few examples of the many investment news stories coming out of Africa. The continent is home to a diverse range of industries and sectors, and there are many opportunities for investment and growth.