UNCTAD’s World Investment Report 2023 has indicated that foreign direct investment (FDI) flows to Africa declined to US$45bn in 2022 from US$80bn in 2021
Finance
DP World partners Standard Bank to expand trade finance in Africa
Standard Bank has partnered with DP World to offer trade finance solutions jointly with DP World Trade Finance
Africa projected to be second-fastest growing region
According to the African Development Bank’s (AfDB) African Economic Outlook 2023 report, Africa is set to be the second-fastest growing region in the world after Asia in 2023-2024
Kenya eyes Singapore as gateway to Asian market
According to President William Ruto, Kenya is considering Singapore’s strategic location in Southeast Asia as a gateway to its products
Empowering African businesses to upskill the workforce
Zydii, a Kenya-based digital training solutions provider, has received pre-seeding funding from DOB Equity, Kua Ventures, Kaleo Ventures and NaiBAN to support the company’s growth and expand its suite of upskilling solutions for the African business workforce