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Investments
Port of Lomé Expands Capacity with New Tugboat Addition
The Port of Lomé in Togo has enhanced its maritime capabilities with a new tugboat that generates 80 tons of bollard pull, improving its ability to assist larger vessels and strengthen its competitiveness in West Africa. An official naming ceremony is planned for January 2027.
Futureview Acquires Stake in Zichis Agro-Allied Industries Plc
FUTUREVIEW Asset Management Limited has acquired a 10.45 percent stake in Zichis Agro-Allied Industries Plc by purchasing 126.97 million ordinary shares, enhancing its influence in Nigeria's agricultural sector. The transaction was completed on November 3, 2026.
Transmission Company of Nigeria Restores Aba–Itu Transmission Line After Outage
The Transmission Company of Nigeria restored the Aba–Itu 132 kV transmission line on Nov. 8 after an outage that began on Nov. 7. This restoration allows the Port Harcourt Electricity Distribution Company to resume electricity distribution to Uyo, Eket, Ekim, and Itu.
Human Creativity Essential for Advertising Industry Amid AI Advancements
Dr. Olalekan Fadolapo of ARCON stated that while artificial intelligence will transform Nigeria's advertising industry, it cannot replace human creativity and strategic thinking. He emphasized the need for a regulatory framework to manage AI's ethical implications and enhance the industry's effectiveness.
Nigeria
UN Committee Recommends Reappointment of Dr. Sarah Alade for Investment Role
The United Nations General Assembly’s Fifth Committee has recommended Dr Sarah Alade for reappointment to the UN Investments Committee for another three-year term starting January 1, 2027, pending confirmation by the General Assembly.
Kenya
Manufacturers Advocate for Low-Carbon Cement Adoption in Construction Sector
Local cement manufacturers in Kenya are advocating for low-carbon cement to promote sustainable building practices, highlighted during the Kenya Industrialisation Summit 2026. Bamburi Cement launched DuraCem, which emits 64% less CO₂ than ordinary cement, aiming to enhance production capabilities and support national infrastructure projects.
Ghana
Ghana’s Tourism Sector Seeks Infrastructure Improvements and Sustainable Growth Strategies
Ghana's 2026 budget for tourism, arts, and culture shows promise but faces challenges, including poor infrastructure and uneven benefits for small businesses, according to consultant Emmanuel Frimpong. He emphasizes the need for improved data systems and collaboration to enhance the sector's growth and sustainability.
Gabon
Gabon Hosts Business Forum to Attract Chinese Investment for Economic Growth
The Gabonese National Agency for the Promotion of Investments hosted a business forum in Shanghai on November 4, 2026, to attract Chinese investors, focusing on economic cooperation and opportunities in mining, forestry, and energy sectors during President Brice Clotaire Oligui Nguema's state visit to China.
Egypt
Nclude Secures Final Close to Enhance Investment in African Startups
Nclude, an Egyptian venture capital fund, has closed over USD 112 million to finance technology startups in Africa and the Middle East, focusing on financial technology and inclusion. The fund supports investments ranging from USD 500,000 to USD 10 million across various development stages.
Gabon
Gabonese President Begins State Visit to Strengthen Ties with China
President Brice Clotaire Oligui Nguema of Gabon is on a state visit to China from November 3 to November 7, 2026, to strengthen diplomatic and economic ties, focusing on investments in industrialization and infrastructure, while participating in the 9th China International Import Expo.
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