Africa, home to a billion people and endowed with abundant resources, is now one of the world’s fastest-growing continents
Finance
Kenya, Uganda and Tanzania launch cross-border payments system for East Africa
Kenya, Uganda and Tanzania have collaboratively launched an integrated real time cross-border payments system for East Africa, aimed at removing bottlenecks to business and bolster intra-regional trade
Actis energy fund raises US$1.15 billion
Private equity firm Actis has raised US$1.15bn through its third energy fund, which will be used for investment in electricity generation and distribution businesses in Latin America, Africa and Asia
Murray and Roberts opens new office in Zambia
South African contractor Murray and Roberts has opened an office in Kitwe city, Zambia, which would serve as a hub for overseeing projects in the infrastructure and minerals sectors in central Africa
Tanzania to target investment through Special Economic Zones
Tanzania has set aside 16,150 hectares of land for the development of Special Economic Zones (SEZs) in three of its cities in an attempt to encourage investment in the country