Investment Corporation of Dubai (ICD) News

Dangote Industries cement plant in Dakar, Senegal

Gulf investments in Africa beginning to spread far and wide

Traditionally, investments from the Arabian Gulf into Africa have focused on North Africa, owing partly to closer cultural ties and the Gulf’s focus on western markets. This scenario is slowly changing and so too are the pan-African investment strategies of Gulf investors.

The main offices of EFG Hermes in Cairo. Credit: Dana Smillie for The National

Egypt's EFG Hermes looks to tap into fast-growing Sub-Saharan Africa

EFG Hermes, Egypt’s biggest listed investment bank, is considering an entry into Sub-Saharan Africa to tap demand for private equity and corporate advisory services, the chief executive said.

Johannesburg, South Africa

Investors keep an eye on the big picture in Africa, in spite of short-term challenges

Concerns about the scale of the Ebola crisis and plunging commodity prices would have had investors fleeing Africa not that long ago. But dealmaking in the sub-Saharan region is buoyant as most investors set aside short-term worries and bet big on growth.

Mulk Holdings

UAE's Mulk Holdings invests $40M in Nigerian shopping center

UAE-based conglomerate Mulk Holdings announced that it is investing up to $40 million in developing a duty free shopping centre in Lagos, Nigeria.

Miller beer by SABMiler

M&A activity heats up in Africa as investors bet on growth

Concerns on the scale of the Ebola crisis, current levels of political unrest and plunging commodity prices would have sent investors rushing out of Africa not long ago.

DP World wants to forge ahead with more investments despite a legal battle to keep hold of its concession to run Djibouti’s container terminal, above.

Africa offers UAE investors outsize returns

UAE companies and sovereign wealth funds including DP World and Investment Corporation of Dubai (ICD) are keener than ever to invest in Africa.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Dangote says further deals with Dubai may run into billions of dollars

Africa’s richest man, Aliko Dangote, said further deals with the Investment Corp. of Dubai may run into billions of dollars after the Emirati holding company invested $300 million in his cement business last month.

Trojan General Contracting

Arabian Gulf companies commit $19B to West Africa infrastructure projects

African countries secured commitments from companies in the Persian Gulf totaling $19 billion to invest in roads, railways and airports at the first West Africa Investment Forum held in Dubai on Tuesday.

Aliko Dangote, CEO, Dangote Group

Africa's richest man Aliko Dangote sells $300M minority stake in cement firm to Dubai sovereign wealth fund

Africa’s richest man Aliko Dangote is selling a stake in his cement company to a sovereign wealth fund owned by the government of Dubai, United Arab Emirates.