The US Congress has voted to renew the African Growth and Opportunity Act (AGOA) and extend it by three years, just two months before its was set to expire
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Barrick Gold considers sale of African stake
African Barrick has performed poorly since being spun off from its Canadian parent in 2010. (Image source: africanbarrickgold.com)
Canadian mining group Barrick Gold has confirmed that it has been in discussions to sell a 74 per cent stake in African Barrick Gold to a Chinese company
New mining fund committed to investing in Africa soon
The fund invests in projects at early exploration stages across Africa. (Image source: NitinKirloskar/Flickr)
The second New Africa Mining Fund (NAMF II) has said it will make its first investment in the African mining sector within three months
Swedish funds found for African online film distributor
The Nigerian movie industry is acknowledged as the third largest after Hollywood and India’s Bollywood. (Image source: Elvert Barnes/Flickr)
Online distributor of African movies, Iroko Partners, has received US$2 million funding from a Swedish firm, which it has said it will use to take its service to cable and satellite TV partners in the US and Europe
Equity firm invests in East Africa’s largest shopping destination
Garden City will house East Africas biggest retail mall. (Image source: sxc.hu)
Private equity firm Actis has confirmed that its next real estate investment will be in Garden City, a 32-acre development off Nairobis Thika Highway
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The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
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The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)
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