KenGen and Toshiba Energy Systems & Solutions Corporation have concluded a memorandum of understanding (MOU),…

Jubilee Holdings Limited has reported a half-year profit before tax of KES 4.1 billion ($34.1…

Interestingly, of the US$1.5 trillion in foreign direct investment recorded in 2021, 53% of that money was channelled towards developing economies. Africa made a very strong showing in terms of foreign direct investment in 2021.

According to the report, Africa attracted US$ 83 billion in foreign direct investment compared to the US$ 39 billion it achieved in 2020. Of the global investment flows that landed on African shores in 2021 US$ 41 billion went directly to South Africa.

Despite the positive developments that occurred in 2021 in foreign direct investment, the UNCTAD report concludes by stating that the growth and momentum in FDI flows in 2021 will not be sustainable given the adverse economic developments that have occurred in 2022.

UNCTAD expects these developments will either put downward pressure on the flow of FDI or flatten the curve.

Africa received its highest proportion of private sector investment in infrastructure in 2020  African Development…

National Housing Cooperation (NHC) is seeking to raise KSh 7 billion through the International Finance…

South Africa is the second richest country in Africa. It’s predicted that the country’s Gross…