African business and investment news

Here are some recent African business and investment news:

Economic News

  1. Africa's economic growth slows down: The African Development Bank (AfDB) has revised its economic growth forecast for 2023, citing a slowdown in growth due to global economic challenges and the ongoing COVID-19 pandemic. (Source: AfDB)
  2. South Africa's economy contracts: South Africa's economy contracted by 0.7% in the fourth quarter of 2022, according to the country's statistics agency. (Source: Bloomberg)
  3. Nigeria's economy grows: Nigeria's economy grew by 3.1% in the fourth quarter of 2022, driven by a rebound in the oil sector. (Source: National Bureau of Statistics)

Investment News

  1. Egypt attracts $10 billion in foreign investment: Egypt has attracted $10 billion in foreign investment in 2022, according to the country's investment minister. (Source: Reuters)
  2. Kenya's tech sector attracts $1 billion in investment: Kenya's tech sector has attracted $1 billion in investment in 2022, driven by the growth of startups and fintech companies. (Source: Business Daily Africa)
  3. Morocco's renewable energy sector attracts $1.5 billion in investment: Morocco's renewable energy sector has attracted $1.5 billion in investment in 2022, according to the country's energy ministry. (Source: Morocco World News)

Business News

  1. MTN launches 5G network in South Africa: MTN, one of Africa's largest telecom operators, has launched its 5G network in South Africa. (Source: ITWeb)
  2. Shoprite to exit Nigeria: Shoprite, a South African retail chain, has announced plans to exit Nigeria due to declining sales and profitability. (Source: Business Day)
  3. Dangote Cement to invest $1 billion in Nigeria: Dangote Cement, a Nigerian cement company, has announced plans to invest $1 billion in Nigeria to increase its production capacity. (Source: Vanguard)

Infrastructure News

  1. Kenya's Mombasa-Nairobi highway to be upgraded: The Kenyan government has announced plans to upgrade the Mombasa-Nairobi highway, one of the country's busiest roads. (Source: The Star)
  2. Tanzania's Dar es Salaam-Singida highway to be built: The Tanzanian government has announced plans to build a new highway connecting Dar es Salaam to Singida. (Source: The Citizen)
  3. Nigeria's Lagos-Ibadan railway to be completed: The Nigerian government has announced plans to complete the Lagos-Ibadan railway project, which is expected to boost economic growth in the region. (Source: Punch)

Sustainability News

  1. Africa's renewable energy sector to grow: Africa's renewable energy sector is expected to grow significantly in the coming years, driven by government policies and private investment. (Source: BloombergNEF)
  2. South Africa's carbon tax to be implemented: South Africa's carbon tax is expected to be implemented in 2023, aimed at reducing the country's greenhouse gas emissions. (Source: Business Day)
  3. Kenya's green bond market to grow: Kenya's green bond market is expected to grow significantly in the coming years, driven by government initiatives and private investment. (Source: The Star)

These are just a few examples of the many business and investment news stories coming out of Africa.