Saudi public investment fund poised to invest in Egypt’s sovereign wealth fund

Saudi Arabia’s Public Investment Fund (PIF) is keen to inject investment into Egypt’s Sovereign Wealth Fund (TSFE) as well as into other projects, reports say citing a statement from the Egyptian government. Saudi Arabia’s Public Investment Fund (PIF) is keen to inject investment into Egypt’s Sovereign Wealth Fund (TSFE) as well...

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Angel fair Africa africa.com The Investors are virtual for 8th AFA

Forty-three leading global investors from Africa, Europe, US and the Middle East have signed up to participate virtually in the 8th Angel Fair Africa on 5th November 2020. The investors are from Angel Africa List (AAL), Africa Venture Capital and Private Equity Association (AVCA), America Capital Association (ACA), Women-In-Capital (WIC), Viktoria...

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Africa Energy Forum 2020

The Digital Energy Festival 2020 The Africa Energy Forum 2020 joins forces with the African Utility Week and POWERGEN Africa and Oil & Gas Council’s Africa Assembly this October to host a ‘Digital Africa Energy Festival’ – the largest ever energy event for the African continent. A month-long digital platform featuring a...

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Angel fair Africa africa.com 5th Nov 2020

All Female Investors and Entrepreneurs Panel @ 8 th AFA The 8 th Angel Fair Africa would feature an all female investors and entrepreneurs panel; thus building on our 2016 all female investors panel. The investors pane, consisting of Hannah Subayi, Partner of Dazzle Angels, Evelyne Dioh, CEO of WIC Capital,...

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Curtain falls on the African Development Bank 2020 Annual Meetings as Governors endorse President Adesina’s bold development program

Adesina: “I am deeply grateful for the collective trust, strong confidence and support of our shareholders” ABIDJAN, Ivory Coast, August 28, 2020/APO Group/ — Newly reelected African Development Bank (AfDB.org) President Akinwumi Adesina voiced great optimism about Africa’s future as the institution closed its 55th Annual meetings. The Bank’s Board of Governors...

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South Africa’s Infrastructure Fund is here, minus corruption vows National Treasury

South Africa’s R100bn (about $5.8bn) Infrastructure Fund is here, but there will no repeat of the large-scale corruption witnessed in 2010, says National Treasury director-general Dondo Mogajane. “We will ensure that [which] we had seen during the construction of the 2010 infrastructure roll-out does not happen. We’ve got lessons we’ve learnt from what...

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$39b Nigerian infrastructure company gets green light

The Central Bank of Nigeria (CBN) has received approval to create an infrastructure development company that would finance the revamp of critical transport infrastructure throughout the country. The company would leverage local and international funding, and would be co-owned by the CBN, African Finance Corp., and Nigerian Sovereign Wealth Investment Authority....

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Nigeria gets green light for infrastructure development company

The Nigerian government has been granted approval to establish a 15 trillion naira ($39.5 billion) infrastructure development company with the country’s sovereign wealth fund. InfraCo PLC will be co-owned by the government, the Nigeria Sovereign Investment Authority, Abuja, which has 649.8 billion naira in assets, and the Africa Finance Corp. The...

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