A third of all Africans are now classified as middle class. Their incomes allow them to inhabit an economic bracket that is variously defined, but by any definition is growing
Finance
Ashburton launches Africa Equity Opportunities Fund
Ashburton is part of the FirstRand Group, one of the largest financial services groups on the African continent. (Image source: sxc.hu)
Ashburton has launched its new Africa Equity Opportunities Fund as part of a strategy which will be focused on targeting undervalued listed African equities across sectors to achieve capital growth
Tata plans to tap African renewable energy sector
Tata Power has a separate renewable energy arm, Tata Power Renewable Energy, dedicated at building a renewable portfolio for the company. (Image source: lorentey/Flickr)
Tata Power Renewable Energy is preparing to expand business in Africa in an attempt to tap the continent’s potential in the power and energy sector
Angola stock exchange to open in 2016
Plans for launching a Luanda bourse has been in the pipeline for more than a decade now. (Image source: altree/Flickr)
The southern African country of Angola has outlined plans to open its stock exchange in 2016
African Development Bank invests US$11 billion in COMESA
The African Development Bank (AfDB) has invested US$11bn in infrastructure development across the COMESA region in the last five years
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The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
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Bobcat has included additional features to enhance the visibility around the machines. (Image source: Bobcat)
Latest news
AMEA Power breaks ground on a 50MW solar plant in Ivory Coast, set to power 358,000 homes and cut 52,000 tons of CO₂ emissions. (Image source: AMEA Power)
President William Ruto of Kenya and president Benedict Oramah of Afreximbank in Mombasa, Kenya. (Image source: Afreximbank)
The project will improve transport links in Chad. (Image source: Adobe Stock)
LINX expands in Kenya with a new IXP in Mombasa, enhancing interconnection, reducing latency, and supporting digital growth in Africa. (Image source: Adobe Stock)
Time to accelerate off-grid renewables (IMAGE SOURCE: Adobe Stock)
