Latest stories tagged “investment”
According to Daily News, global investors are increasingly choosing Tanzania as a strategic investment destination due to its political stability, access to regional markets, abundant resources, reliable infrastructure, and a supportive government. These factors are seen as more significant than just tax incentives, making Tanzania an attractive option for international manufacturing companies.
The Tanzanian government has made several key revisions to the Finance Bill, 2026, in response to recommendations from the Parliamentary Standing Committee on Budget. These changes aim to reduce the tax burden on specific sectors and enhance the investment and business environment. Finance Minister Ambassador Khamis Mussa Omar presented the updated bill in the National Assembly.
The Nigeria Extractive Industries Transparency Initiative (NEITI) has cautioned that the country's low transparency rating may discourage foreign investment in its oil, gas, and mining sectors. NEITI emphasized the need for enhanced accountability to attract potential investors.
Dangote Petroleum Refinery and Petrochemicals FZE is planning to raise up to $2 billion in what is set to be Africa's largest initial public offering, generating significant investor interest across Nigeria. This move has attracted attention from various sectors, including a notable tycoon and a security guard, highlighting the widespread enthusiasm for the IPO.
At the Nigeria Ceramic Investment Summit and Product Exhibition 2026, stakeholders in Nigeria's ceramic industry emphasized the need for increased domestic investment, innovation, and stronger policy support to reduce the $2.1 billion spent on ceramic imports. They advocated for deeper collaboration to enhance the sector's role in industrialization, job creation, and economic diversification, according to Vanguard.
The 6th Africa Digital Health Summit has brought together leaders, innovators, policymakers, and development partners to discuss the importance of digital transformation in health systems. According to the summit, the focus is on creating resilient and equitable health systems rather than just on technology itself, which is seen as an enabler. There is a global trend of increasing investments in digital health.
Port and Terminal Multiservices Limited (PTML) has announced a $50 million investment aimed at upgrading its Lagos port terminal. This upgrade is expected to enhance the capacity and efficiency of the terminal, which plays a crucial role in Nigeria's maritime operations.
Vice President Kashim Shettima has emphasized the necessity for immediate investments in health, education, and skills development in northern Nigeria. He made this call during a recent statement, highlighting the urgent need for improvements in these sectors to benefit local communities.
Kenya's efforts to boost local drug manufacturing are facing challenges due to fiscal and tax unpredictability. Frequent policy shifts and inconsistent incentives are creating uncertainty for investors, which undermines long-term planning for pharmaceutical manufacturers aiming to expand their operations.
The Federal Government of Nigeria has emphasized that public funding is insufficient to achieve the necessary large-scale transformation in the agricultural sector. It is advocating for greater private sector participation through a blended finance model to stimulate investment growth in agriculture.
GenAfrica Asset Managers is celebrating its 30-year anniversary while focusing on expanding its operations in Africa. The firm aims to leverage emerging investment opportunities driven by innovation to enhance its portfolio. Currently, GenAfrica manages assets for over 110 clients across the region and is looking to strengthen its market position, managing assets exceeding a significant amount.
Several leading Algerian companies are looking for partnerships in Tanzania's manufacturing and agricultural sectors, driven by Tanzania's growing reputation as a promising investment destination in Africa. This interest was highlighted during the ongoing 57th Algiers International Fair (FIA), where Tanzanian representatives are promoting opportunities for trade and investment.
According to ThisDay Live, Udo Emmanuel Sunday discusses the perspective of estate surveyors and valuers on managing residential property. The article highlights that investment in real estate is considered a secure and profitable avenue for generating income, emphasizing its potential for wealth accumulation.
A workshop in Lagos highlights the role of fashion in Africa's creative economy, investment, and growth, with designers actively engaged in their craft. The scene captures the early morning efforts of a designer adjusting seams on fabric adorned with intricate patterns, emphasizing the significance of fashion in the continent's economic landscape.
Nigeria's National Communications Commission (NCC) has gained veto power over significant telecom deals, a move it claims will benefit investors. The effectiveness of this new regulation will depend on the NCC's ability to approve transactions promptly, which will be crucial for major players like Airtel, MTN, and Glo.
The Tanzanian government has announced plans to enhance the cashew nut sector by increasing investment in processing and value addition, aiming for significant benefits by 2030. In a parliamentary response, Deputy Minister of Agriculture David Silinde addressed inquiries regarding incentives for local cashew processors, stating that efforts are ongoing to improve the investment climate to attract more processing industries within the country.
Dubai-based surplus food marketplace Peekabox has raised $1.5 million in an oversubscribed seed round to enhance its operations in the United Arab Emirates and expand throughout the Gulf Cooperation Council (GCC). Founded in 2025 by brothers Hasan and Omair Sarwar, the startup connects consumers with restaurants, cafés, and grocery retailers to offer surplus food at discounted prices.
African electric mobility company Spiro has raised $55 million from Chinese growth-stage fund NewTrails Capital, increasing its total funding to $270 million. This investment aims to support Spiro's expansion of electric vehicle and battery-swapping infrastructure across the continent, as announced on June 22.
Gautier Mignot, the EU Ambassador to Nigeria and ECOWAS, stated that Nigeria is highly attractive to foreign investors, highlighting its "huge untapped potential" despite existing regulatory and infrastructure challenges. He noted that reforms implemented by the Nigerian government are enhancing investor confidence, as discussed on ARISE News prior to the Nigeria–EU Business Forum.
Chaka, a Nigerian fintech company, has launched Hisa as part of its initiative to create a pan-African investment platform. This move follows Chaka's recognition as Nigeria's first SEC-licensed digital investment platform, aiming to enhance investment opportunities across the continent.
Vice President Kashim Shettima has emphasized the necessity for immediate investments in health, education, and skills development in northern Nigeria. He made this call during a recent statement, highlighting the urgent need for improvements in these sectors to benefit local communities.
African electric mobility company Spiro has raised $55 million from Chinese growth-stage fund NewTrails Capital, increasing its total funding to $270 million. This investment aims to support Spiro's expansion of electric vehicle and battery-swapping infrastructure across the continent, as announced on June 22.
Chaka, a Nigerian fintech company, has launched Hisa as part of its initiative to create a pan-African investment platform. This move follows Chaka's recognition as Nigeria's first SEC-licensed digital investment platform, aiming to enhance investment opportunities across the continent.