You are here

Tag: North Africa

CWP Global partners Bechtel to advance energy transition in North Africa

Share

NORTH AFRICA – Renewable energy development company CWP Global, has partnered with Bechtel Energy Technologies & Solutions (BETS) to support developments of large-scale green hydrogen and ammonia facilities in North Africa. CWP is a pioneer developer of innovative, large-scale renewable energy across four continents, with a proven record of designing, financing, and operating utility-scale wind and solar, and a fast-growing…

Share
Read More

Canon Central and North Africa partners with Copy Cat Group as authorized distributor

Share

KENYA – Canon Central and North Africa has announced its business partnership with Copy Cat group as its authorized distributor for its printing solutions in Kenya. Canon, a multinational corporation mostly known for its camera, says the B2B partnership highlights its corporate philosophy of ‘Kyosei’ meaning living and working together for the common good.  This will ensure the company’s B2B…

Share
Read More

IFC launches Start Maghreb program for startups in North Africa

Share

TUNISIA – International Finance Corporation (IFC), the main development institution of the World Bank Group focused on the private sector in emerging countries, has launched Start Maghreb to help start-ups based in North Africa. The startup to be helped with the technical assistance program will be in Tunisia, Algeria, Libya and Morocco and will be enabled to grow and develop…

Share
Read More

Telecoming, Ounousa to distribute trendy digital contents for North African women

Share

NORTH AFRICA – Telecoming, an international technology company specialized in digital services monetization, has signed an agreement with the leading lifestyle publisher Ounousa to distribute trendy digital contents for North African women’s entertainment and inspiration. The partnership applies, for the moment, to Tunisia and Egypt. This alliance with Ounousa is part of Telecoming’s strategy to create differential services for the…

Share
Read More

Tech giant IBM appoints Angela Kyerematen-Jimoh as its Regional Head for Africa

Share

AFRICA – Ghanian Angela Kyerematen-Jimoh has been appointed by technology giant, IBM Corporation, as its Regional Head for North, East and West Africa. She was IBM’s first female country head and becomes the first woman and first African to be appointed Regional Head in Africa. She will be responsible for IBM operations in over 40 countries in Africa including Morocco,…

Share
Read More

COVID19 pushes North Africa’s economy into contraction, growth not expected until 2021

Share

NORTH AFRICA – The Covid-19 pandemic has adversely affected the North African economy to an extent of plunging it into a contraction, a new African Development Bank Economy forecast has shown. According to the African Development Bank, the North African region will face an economic contraction forecast between 0.8 and 2.3%. The economic outlook report by AfDB suggests that the…

Share
Read More

Humania secures US$125m financial package to boost the healthcare system in North Africa

Share

NORTH AFRICA – IFC, Finnfund and other financial institutions have supported the development of high-quality hospital, Humania a private healthcare company in Egypt and Morocco, to expand health services and improve medical care by developing a network of multispeciality hospitals and healthcare assets.  Humania has received a financing package amounting to US$125m where Finnfund’s share of the total financing facility…

Share
Read More

IFC invests in private equity fund to boost growth in North Africa

Share

NORTH AFRICA – International Finance Corporation (IFC), a member of the World Bank Group, is investing up to US$20 million in SPE AIF I, the direct investment fund that focuses on Egypt and North Africa. The Fund, which is managed by SPE Capital Partners will focus mainly on Egypt, Morocco and Tunisia, where access to equity is especially constrained because…

Share
Read More

Nuwa Capital launches US$100m fund for startups in North and East Africa

Share

AFRICA – Former Wamda Capital managing partner Khaled Talhouni has launched Nuwa Capital, a new fund to invest in tech startups in the Middle East North Africa (MENA) region, as well as in East Africa, Pakistan and Turkey. The fund was launched at the Step Conference in Dubai by its managing partner, Talhouni. The fund is targeting a first closing…

Share
Read More

Mediterrania Capital Partners III secures US$27.6m from CDC to support local brands in North Africa

Share

NORTH AFRICA – CDC Group plc, the UK’s development finance institution and impact investor, has announced a €25 million (about 27.59 million) commitment to Mediterrania Capital Partners III (MCP III), a generalist fund primarily targeting investments in North Africa. “Our investment in MCP III will support well-established local firms that demonstrate strong potential for growth to become regional leaders, providing…

Share
Read More