African industry news

Here are some recent news articles and updates from the African industry:

Energy and Infrastructure

  1. Egypt to invest $10 billion in renewable energy: Egypt plans to invest $10 billion in renewable energy projects over the next five years to reduce its dependence on fossil fuels and meet its climate change commitments. (Source: Reuters)
  2. Nigeria's power sector receives $1.5 billion investment: The Nigerian government has secured a $1.5 billion investment from the African Development Bank to improve the country's power sector. (Source: BusinessDay)
  3. Kenya's Lamu Port and Lamu-Lokichar Highway project to be completed by 2024: The Lamu Port and Lamu-Lokichar Highway project, a major infrastructure project in Kenya, is expected to be completed by 2024. (Source: The East African)

Technology and Startups

  1. South Africa's fintech sector raises $100 million in funding: South Africa's fintech sector has raised $100 million in funding in the past year, with many startups receiving investments from local and international investors. (Source: TechCentral)
  2. Nigeria's Andela raises $100 million in funding: Andela, a Nigerian startup that provides software development services, has raised $100 million in funding from investors including Google and Generation Investment Management. (Source: TechCrunch)
  3. Egypt's e-finance raises $100 million in funding: e-finance, an Egyptian fintech company, has raised $100 million in funding from investors including the International Finance Corporation and the European Bank for Reconstruction and Development. (Source: Daily News Egypt)

Manufacturing and Industry

  1. South Africa's automotive industry to receive $1.5 billion investment: The South African government has announced plans to invest $1.5 billion in the country's automotive industry to support the growth of local manufacturers. (Source: BusinessDay)
  2. Nigeria's textile industry to receive $1 billion investment: The Nigerian government has announced plans to invest $1 billion in the country's textile industry to support the growth of local manufacturers. (Source: The Punch)
  3. Kenya's manufacturing sector grows by 5.5%: Kenya's manufacturing sector grew by 5.5% in the first quarter of 2022, driven by increased production in the food and beverages, and pharmaceuticals sectors. (Source: The East African)

Agriculture

  1. Ethiopia's agricultural sector to receive $1.5 billion investment: The Ethiopian government has announced plans to invest $1.5 billion in the country's agricultural sector to support the growth of local farmers. (Source: The Ethiopian Herald)
  2. South Africa's agricultural sector to receive $500 million investment: The South African government has announced plans to invest $500 million in the country's agricultural sector to support the growth of local farmers. (Source: BusinessDay)
  3. Kenya's agricultural sector grows by 4.5%: Kenya's agricultural sector grew by 4.5% in the first quarter of 2022, driven by increased production in the coffee, tea, and horticulture sectors. (Source: The East African)

These are just a few examples of the many news articles and updates from the African industry.