The UAE ranks as one of the top five FDI source countries into Africa by capital investment, according to Knight Frank’s Africa Horizons Report 2021/22
Finance
Dangote Group plans advanced refinery project in Nigeria

The new refinery is the most ambitious peroject of its kind in Africa. (Image source: Dangote Group)
The Dangote Group has planned an advanced refinery project in Nigeria, with an aim to reduce the West African country’s reliance on imported energy and bring with it more than 30,000 jobs
Metso Outotec and BIA Group expand distribution partnership to Africa

The two companies have successfully partnered in the Benelux region since 1930. (Image source: Metso Outotec)
Metso Outotec and its distribution partner BIA Group have signed a contract to expand their aggregates distribution coverage to Africa
African Infrastructure Financing – The role of on-lending financing
On-lending financing could be one solution to optimise the financing structure, where capital intermediaries borrow the funds from the government or other international institutions and then on-lend it to the infrastructure projects
TDB and dltledgers to boost trade finance in Africa via blockchain

The trade finance market size is expected to reach about US$10 trillion by 2026. (Image source: Pexels/Pixabay)
The Eastern and Southern African Trade and Development Bank (TDB) and dltledgers have announced three-year agreement, through which TDB aims to scale-up the volume of trade finance transacted via blockchain in Africa using dltledgers’ platform