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Browsing: US-Africa investments
- Jamie Dimon embarks on a strategic journey in October seeking to grow the US banking giant’s footprint in Africa.
- This will be Dimon’s return to Africa after seven years.
- The lender’s CEO will be touring Kenya, Nigeria, South Africa, and Ivory Coast.
Jamie Dimon, CEO of JPMorgan Chase, is set to visit Africa in mid-October, marking his first trip to the continent in seven years. The head of the largest U.S. lender, with assets exceeding $4.1 trillion, will visit key markets, including Kenya, Nigeria, South Africa, and Ivory Coast, according to sources familiar with the matter.
Dimon’s visit comes as JPMorgan aims to expand its presence in Africa, a continent ripe for investment opportunities, where both sovereign debt and corporate deals are becoming increasingly attractive to global banks.
With the bank already operating in South Africa and Nigeria, this trip signals JPMorgan’s intent to deepen its foothold in African markets, …
- The 1,300Km of railway from Zambia to Tanzania will be completed by 2029.
- The US, UK, and others sign MoU to develop the Lobito railway project.
- Top nickel producer Lifezone Metals secures project tender.
Nickel prospects in Tanzania have spurred the US to extend the Washington-backed Zambia-DRC railway project to the East African nation, creating a strategic link between West and East Africa. Helaina Matza, the US acting special coordinator for the Partnership for Global Infrastructure and Investment has announced US plans to expand its West and Central Africa railway project to the shores of the Indian Ocean through Tanzania.
Known as the Lobito Corridor, this US-funded railway project that originally ran from Angola to Zambia through the Democratic Republic of the Congo (DRC) envisions adding 1,300 kilometers of railway from Zambia to Tanzania and is slated to be completed in just five years, by 2029.
Former Deputy Chairperson of …
