Africa world’s next big growth market

Africa will become the world’s next big growth market, similar to the Asian boom, McKinsey, a management consulting firm said on Tuesday. “While other geographies are seeing incremental growth, global companies that get in early and join the African champions shaping the right strategies, can sustain double-digit profit growth over the next few decades,’’ it […]

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AfDB approves $40m infrastructure fund

The Board of Directors of the African Development Bank (AfDB) has approved its third equity investment of $40 million in Africa Infrastructure Investment Fund (AIIF3). AIIF3 is a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM). AIIM is one of Africa’s most experienced infrastructure fund managers. The Fund will focus […]

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