The 2015 Africa attractiveness survey conducted by Ernst and Young (EY) revealed that foreign direct investment (FDI) into Africa reached US$128bn, up 136 per cent in 2014
Finance
First consumer credit card launched in Nigeria
The Central Bank of Nigeria, O3 Capital Nigeria Limited and Game Stores have collaborated to introduce the first consumer credit card in the West African nation
Egyptian tech firms expand footprint in Africa
Egypt’s Information Technology Industry Development Agency (ITIDA) has set out a number of partnership protocols and concluded business agreements worth US$7mn in six African countries
AfDB to launch African Economic Outlook 2015
The African Development Bank (AfDB) together with the OECD Development Centre and the United Nations Development Programme (UNDP) will release the African Economic Outlook 2015 report
Kenya’s economy set for growth
The International Monetary Fund (IMF) has announced that Kenya’s economy is projected to grow seven per cent by 2016