State-owned port operator Marsa Maroc announces a joint-venture agreement with  Eurogate International GmbH and Contship Italia S.p.A, for their introduction into the capital of Marsa International Tangier Terminals S.A. (MINTT). MINTT is the concessionaire of the third container terminal of Tangier Med port, which should be commissioned in 2020 with a nominal capacity of 1.5 million TEU....

Sovereign Foods, a poultry producer in the portfolio of South African private equity CapitalWorks, acquired Blue Hills Hatchery for an undisclosed amount. Thanks to this acquisition, Sovereign Foods becomes the fourth poultry producer in South Africa and is boosting its chicks' supply capacity. This is the third acquisition realized by Sovereign Foods since 2015 when it initiated its expansion...

Ethiopia’s growth should stabilize around 8% in the coming years thanks to infrastructure investments, Moody’s indicated in a country report. In the report, the rating agency indicates that the East African country’s growth has been largely spurred by infrastructures investments, which recorded an average of 10% rise between 2009 and 2018. These investments fall within the framework of...

Ugandan Raxio Data Centre Ltd has launched the construction of its multi-million dollar data centre at the Namanve Industrial and Business Park in Mukono, Uganda. In that regard, it commissioned Roko Construction Limited for civil engineering works. The infrastructure designed by UK-based Future-tech and Symbion Uganda should be operational by the end of the first semester this year. It will let...

The African Development Bank, heads of 34 leading financial institutions covering Africa and other partners of the Africa Investment Forum reaffirmed their commitment to “scale up, speed up, and synergize” efforts to deliver transformative projects across the continent. The meeting was also attended by lead partners of the Africa Investment Forum: African Export-Import Bank, Africa50, Trade...

The European Investment Bank (EIB) and Bank of Kigali (BK) announced a joint RWF60 billion ($66.5 million) investment for the Rwandan private sector this week. In the framework of that cooperation, the two banks will co-fund agriculture, transport, education, health, manufacturing and tourism sectors. Each of the two banks will create a RWF30 billion ($33.2 million) credit line to provide...

QuantFarm, an End-to-end Big Data Analytics firm based in Silicon Valley, signed a partnership agreement with the Africa Trade & Investment Global Summit (ATIGS) group for expansion in Africa.   Via this agreement, QuantFarm wants to collaborate with African governments willing to use existing data for better decision making and more precise predictive analysis as well as accelerated...

In 2018, private equity firms invested $3.5 billion in Africa against $3.9 billion in 2017, the African Private Equity and Venture Capital Association (AVCA) revealed in a report published recently. According to the same source, private equity investments in the continent reached $25.7 billion between 2013 and 2018. The report reveals that during the period under review (2018)...

Spear Capital, a South Africa based private equity fund, invested $4.5 million for 40% stakes in South African Peries Foods, a meat processing firm. The investment firm structured this investment through its second fund Spear Africa Holdings Ltd II. With two representation bureaux in Zimbabwe and in Norway, Spear Capital mainly invests in the consumer goods sector and in agribusiness SMEs....

The African Development Bank and KfW Development Bank will be partnering to accelerate implementation of recommendations contained in the 2018 Electricity Regulators Index (ERI) report for Côte d'Ivoire’s energy sector. This partnership arrangement between both institutions was announced during a technical workshop hosted by the African Development Bank in Abidjan on Wednesday, 13 March 2019....