A.P. Moller Capital has completed its first investment in Kenya with the acquisition of the Nairobi based thermal power plant Iberafrica. A.P. Moller Capital acquired the 52.5MW Independent Power Producer (IPP) from Naturgy.

The acquisition of the entire issued share capital of Iberafrica, one of Kenya’s leading IPPs, is part of A.P. Moller Capital’s efforts to invest in infrastructure assets including power and energy in Africa. The acquisition provides A.P. Moller Capital with an effective platform to advance its investment commitments in Kenya. A.P. Moller Capital is planning to invest further in greenfield and brownfield power and energy infrastructure assets in Kenya.

Cairo, 24 March 2020: – The African Export-Import Bank (Afreximbank) has announced a $3-billion facility, named Pandemic Trade Impact Mitigation Facility (PATIMFA), to help African countries deal with the economic and health impacts of the COVID-19 pandemic.

Johannesburg, 10 February 2020 — Absa Group Limited’s Barclays-branded subsidiaries in seven African countries – Botswana, Ghana, Kenya, Mauritius, Seychelles, Tanzania and Zambia – were renamed as ‘Absa’ today, completing the name change across the continent. Absa Group’s subsidiaries in Uganda and Mozambique were renamed in November.

A.P. Moller Capital to invest in port and logistics infrastructure in West Africa

In partnership with Olam International (Olam) and Africa Finance Corporation (AFC) A.P. Moller Capital will invest in infrastructure in West Africa to create growth and development.

Through the Africa Infrastructure Fund, A.P. Moller Capital is making a sizable investment in a Ports and Logistics platform in West Africa. The platform is an infrastructure ecosystem of ports, trucking, warehouses and rail services, which facilitates effective trade and creates a foundation for local growth.

NEW YORK and NAIROBI, Kenya, Dec. 10, 2019 /PRNewswire/ — Chubb and the African Trade Insurance Agency (ATI) today announced that Chubb has made a $10 million equity investment in ATI. Chubb is the first global property and casualty insurance company to become a shareholder in Africa’s leading multilateral political risk and credit insurer.

The Swedish clean tech company Swedish Stirling today signed a letter of intent with South African development bank, IDC, to jointly establish a financing/leasing company in South Africa. The new company – which goes by the name “Southern Shield” – will initially be able to finance installations of up to 100 PWR BLOK units.

Olam Cocoa, the world’s foremost focused supplier of cocoa beans and cocoa ingredients, today announced its sustainability ambition for the future of the cocoa sector. Cocoa Compass aims to support the creation of an environmentally positive, professionalised and quality focused cocoa supply chain comprising farmers earning a living income and whose children have access to education.

The company is tackling the most pressing challenges currently facing the cocoa industry, and today outlines its plans to address these issues. Cocoa Compass targets areas for action that will have the greatest positive impact under the three pillars of Focused on Farmers, Empowered to Grow and Investing in Nature.

InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has this afternoon signed a Convertible Loan Agreement with Bonergie Irrigation SASU (Bonergie Irrigation), committing US$320,000 to pioneer delivery of Solar Powered Irrigation Systems (SPIS) for use by small-scale farmers in Senegal.

AFRICA’S KEY OIL & GAS TERRITORIES ARE MAKING BIG ANNOUNCEMENTS AT AFRICA OIL WEEK

Invest Africa’s partner event, Africa Oil Week will be the place for major national roadshows in the oil & gas sphere. 30 ministries are taking part this year, with over 20 presenting. This is the best chance to get insider knowledge on key opportunities, legislation changes, bidding rounds and more – direct from the companies and government intimately involved in leading them.

Veronica Bolton-Smith, Chief Operations Officer of Invest Africa, has been named as one of the Most Influential People of African Descent in the Business and Entrepreneurship category.

Following its recent acquisition of Ultimate Security Tanzania Limited and its acquisition of KK Security in 2016, GardaWorld will now operate as a stand-alone brand in Tanzania. The rebrand brings with it an exciting new chapter for GardaWorld in Africa. With more than 3,700 clients and over 8,500 security staff, GardaWorld is now the largest security company in Tanzania. On 25 July 2019, GardaWorld hosted a cocktail event at the Serena Hotel in Dar es Salaam, in celebration of the launch of the GardaWorld brand in Tanzania.

Invest Africa is delighted to be partnering with Africa Oil Week this year. Algeria – having just announced “fuel self-sufficiency” – is the latest African oil-and gas-producing country to confirm its attendance at the 26th Africa Oil Week (AOW) in Cape Town this November. Following a difficult period for both the sector and the country, all signs now point to Algeria strengthening its position in global oil and gas, making its participation in this year’s AOW summit particularly exciting.

25th March 2019, London: The Board of 4G Capital announces the appointment of Lord David Currie, former chairman of the UK Competition and Markets Authority and current chair of the UK’s Advertising Standards Authority, as Non-Executive Director, with effect from 31 March.

Lord Currie is a long standing government economic advisor and an advocate of equitable free markets. His new role will see him supporting 4G Capital’s increasing footprint across Africa and development of further financial products and services that support inclusion and help catalyse enterprise growth in Africa.

SGG Group, the world’s fourth largest investor services group, today announced a new name, visual identity and corporate website. SGG Group has rebranded to become IQ-EQ.

In addition, the Group has successfully acquired a 49% shareholding in Royal Food Solutions S. A (RFS), a family-owned Mozambique based provider of integrated facilities management services. RFS currently provides catering services to Mozal, KPMG, and Vodacom, making it the premier catering contractor in the country. The strategic investment in RFS will enhance the Group’s ability to provide fully integrated camp services in Mozambique and RA International’s enlarged presence in the region will position the Group well to capitalise on future opportunities.

Prudential plc (“Prudential”) has today announced further expansion in West Africa by acquiring a majority stake in Group Beneficial, a leading life insurer operating in Cameroon, Côte d’Ivoire and Togo.

Group Beneficial provides savings and protection products to over 300,000 customers through 41 branches and more than 2,000 agents. The acquisition will significantly add to Prudential’s growing scale in Africa, and is subject to various conditions and regulatory approvals.

Mark Shashoua, CEO of ITE Group plc, owners of Mining Indaba, today ceremonially opened trading on the London Stock Exchange. The event, attended by partners including the World Gold Council, Memery Crystal, ICMM, The World Platinum Investment Council, Brunswick and Thor Exploration celebrated the upcoming 25th edition of the largest mining investment event in the world.

Mining Indaba is a fully focused investment conference which provides high quality content across four days, presenting a platform for deal-making and networking for the entire value chain and the most influential players in African mining.

Fortune 500 financial services firm INTL FCStone, in partnership with USAID, held a landmark trade seminar in Zambia titled ‘Southern Africa Structured Trade‘, from June 26-29, 2018. The seminar addressed challenges with regional commodities trading and outlined a viable roadmap to strengthen Africa’s ability to trade and drive economic growth.

The Australia Africa Chamber of Commerce (AACC) and Invest Africa are delighted to announce the signing of a Partnership Agreement.

AACC is the Australian national organisation facilitates trade with Africa by providing the very best quality research, networking events and business matching services between Australia and Africa. The AACC also facilitates trade missions to and from Africa and we offer access to both African and Australian business investment opportunities.

The European Business Council for Africa (EBCAM) is pleased to have been part of the EU-Africa Business Forum 2017, which preceded the AU-EU Summit, with the Presidency represented by Karen Taylor during the closing ceremony on November 27 2017. Representatives from EBCAM member organisations Invest Africa, Afrika Verein and NABC were also in attendance.