Thursday 25 April 2024
 
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Africa investment

UAE 2nd ME largest investor in Africa with $11bn

UAE is the second top investing country in Africa by value of capital investment in 2016, accounting for $11 billion of capex giving it a 12 percent market share, said a media report. UAE-led FDI rose a substantial 161 per cent fr

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Zain plans to cut Africa investments

Kuwaiti mobile operator Zain will invest less in 2009 than last year on expanding its networks in Africa, Chris Gabriel, the head of the operator's African operations, told Reuters in an interview. Gabriel said 2009 spending on infrast

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