Foreign direct investment (FDI) flows to Africa slightly decreased by 3% to $53 billion last year, according to UNCTAD's World Investment Report.
The decline was due to mixed FDI trends in Egypt and South Africa, two of the continent's largest economies.
However, Africa saw an increase in global mega projects, notably in Mauritania which launched a green hydrogen project expected to attract over $34 billion in investments.
The International Monetary Fund announced Tuesday a provisional agreement granting Egypt access to approximately $1.2 billion, pending executive board
The 2024 Sustainable Competitiveness Report, published by the consultancy firm Sole Ability, ranks Morocco in 104th place globally, with a
A deal has been signed between the Arab Renewable Energy Company, a subsidiary of AOI, and Sweden’s Sunshine Pro,
Spanish news outlet ECOtcias has reported that the British exploration firm, Europa Oil & Gas, announced finding reserves estimated at
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