investment

Renew Capital launched Renew Venture Lab Fund 2 (RVL2), aiming to invest in and empower up to 50 innovative tech startups across Africa. “This move marks a significant step in our mission to transform Africa’s tech ecosystem by supporting growth-oriented founders who have a unique blend of skill, grit and passion,” Renew Capital said in …

Renew Capital set to fund 50 tech startups in Africa – etbaba.com Read More »

Abu Dhabi business activity showcases growth in 2023, according to the Abu Dhabi’s ‘Business Activity Report’ for the year 2023, issued by the Abu Dhabi Department of Economic Development (ADDED). It has reported annual growth of major indicators, emphasizing business ecosystem’s attractiveness and its ability to attract quality investments, as well as businesses’ commitment to …

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The United Nations Development Programme (UNDP) have just launched the bold and ambitious “timbuktoo” initiative together with African countries. In a special session of the World Economic Forum at its 24th Annual Meeting in Davos, Switzerland,President Paul Kagame of Rwanda, President Nana Akufo-Addo of Ghana, the Secretary General of the African Continental Free Trade Area …

UNDP launches Africa’s startup revolution initiative – etbaba.com Read More »

Global foreign direct investment (FDI) flows in 2023, at an estimated $1.37 trillion, showed a marginal increase (+3%) over 2022, according to the United Nations Conference on Trade (UNCTAD) FDI report released today. The growth defied expectations as recession fears early in the year receded and financial markets performed well. “However, economic uncertainty and higher …

Global foreign direct investment up 3 percent, UN report – etbaba.com Read More »

Africa offers vast investment opportunities for Asian countries with the appropriate incentives for their private sectors, Prof. Kevin Urama, Chief Economist and vice president of the African Development Bank Group, has affirmed. Urama made the call during a webinar to discuss the 2023 edition of the African Economic Outlook report. The African Development Bank organized …

Africa presents opportunities for Asian investors – etbaba.com Read More »

By Melaku Kinfegabriel – In recent years, Russian investors have shown an increasing interest in investing in Ethiopia, a country located in the Horn of Africa. Investment opportunities exist in sectors such as energy, mining, agriculture, and manufacturing. However, various challenges need to be addressed to fully realize the potential for increased trade and investment …

FDI flows from Russia to Ethiopia – etbaba.com Read More »

By Andualem Sisay Gessesse – Official reports show that China has been Africa’s largest trading partner for 12 years, even though bilateral trade declined 10.5% to USD 187 billion in 2019. It is also the fourth-biggest investor in the continent. In this article we look into the focuses, scale, motives, impacts, issues often raised related …

Impact, concerns and prospects of Chinese investments in Africa – etbaba.com Read More »

By Woubishet Sisay – Indian investment in Africa has been steadily increasing over the years, as India seeks to strengthen its economic ties with the continent. This investment encompasses various sectors such as agriculture, manufacturing, infrastructure, telecommunications, energy, and mining. The Indian government, as well as private companies, have been actively involved in promoting trade …

Indian top investments in Africa and concerns – etbaba.com Read More »

TDK Corporation announced today that its subsidiary, TDK Ventures Inc., has invested in the Industry 5.0 – focused startup Infinite Uptime, who’s digital intelligence platform leverages state-of-the-art sensor technology, and advanced analytics. TDK’s digital intelligence platform also leverages machine-learning algorithms to monitor vital mechanical equipment within industrial applications to anticipate and promptly address failures, ensuring …

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