Norway News

A woman waved a portrait of Tedros Adhanom Ghebreyesus, the newly elected director general of the World Health Organization, in Geneva on Tuesday. Credit: Valentin Flauraud/European Pressphoto Agency

W.H.O. Elects Ethiopia's Tedros as First Director General From Africa

Tedros Adhanom Ghebreyesus of Ethiopia was voted director general of the World Health Organization on Tuesday, the first African ever to head the agency.

World Bank launches program, XL Africa, to support Africa’s top tech entrepreneurs. Credit: infodev.org

World Bank launches program, XL Africa, to support Africa's top tech entrepreneurs

With support from prominent African investment groups, XL Africa will help 20 selected startups attract early stage capital of between $250,000 and $1.5 million.

Deepak Malik, Africa Regional Director, Norfund

Norway-Backed Fund on Hiring Spree in Africa Finance Venture

A new development-finance venture that will control banking and other assets worth more than $660 million across sub-Saharan Africa plans to hire as many as 20 people including analysts to manage its investments and help it spend another $300 million on acquisitions.

Two Rivers, Nairobi, Kenya (Illustration)

Africa: A land of opportunity for property investors

UAE investors have been urged to follow in the footsteps of the Majid Al Futtaim Group and the Landmark Group by pursuing property opportunities in East Africa.

African M&A deal volume at a seven year high, says Mergermarket

African M&A deal volume at a seven year high, says Mergermarket

A steady increase in African deal flow and interest from overseas investors since the financial crisis points to the increasing maturity of African countries as a destination for M&A.

Andrea Nono, CEO, MTU South Africa (Rolls-Royce Power Systems)

Rolls-Royce Power Systems plans African expansion, says South Africa CEO Andrea Nono

Rolls-Royce Power Systems plans to replicate the 100 megawatt (MW) Mozambique gas-fired power station it is commissioning elsewhere in Africa as the company expands its footprint across the continent.

Deepak Malik, Africa Regional Director, Norfund

Norway fund mulls West Africa expansion with Ghana investments

The Norwegian Investment Fund for Developing Countries is considering investments in financial-services and clean-energy businesses in Ghana as the institution extends its scope to West Africa.

John Magufuli, Tanzania's President-Elect

Tanzania's ruling party candidate John Magufuli wins Tanzania Presidency with gas to tax reform vow

Tanzania’s ruling party candidate, John Magufuli, won a presidential election in Africa’s third-biggest gold producer with pledges to hasten development of the country’s nascent natural-gas industry and reforms to boost tax revenue.

Amy Jadesimi, MD, LADOL (Lagos Deep Offshore Logistics Base)

Running a free zone in Nigeria: Amy Jadesimi, LADOL's Managing Director

The Lagos Deep Offshore Logistics Base (LADOL) is a 100-hectare free zone and logistics hub for multinational industrial and offshore enterprises.

Solar plant

Mali to build West Africa's first industrial-scale solar plant

Mali has signed an agreement with a Norwegian renewable energy specialist to build west Africa’s first industrial-scale solar power plant, the company announced in a statement on Friday.

Quick facts about travel to Ethiopia

Check out these quick facts about travel to and from Ethiopia, courtesy of Jovago (Infographic)

Check out this infographic showing some quick facts about travel to and from Ethiopia, courtesy of Jovago.

Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, listens during an interview in New York, on April 15, 2015. Photographer: Chris Goodney/Bloomberg

CEO of world's largest sovereign wealth fund turns to Africa to boost profits

Norway’s sovereign-wealth fund is pouring a bigger share of its cash into Africa in a bid to capture some of the fastest growth in the global economy.

Kjell Roland, Managing Director, Norfund

Norway's Norfund to double power investments in Africa by 2020, says Managing Director Kjell Roland

Norway’s state-owned development fund, Norfund, plans to double or even triple its investments in Sub-Saharan Africa’s power sector by 2020, its managing director said on Wednesday.

Daniel Kablan Duncan, Prime Minister of Ivory Coast

Ivory Coast eyes double-digit GDP growth until 2020, says Prime Minister Daniel Kablan Duncan

Ivory Coast is hoping to achieve double-digit economic growth this year and every year until 2020, Prime Minister Daniel Kablan Duncan said on Tuesday.

Tope Lawani, Co-Founder & Partner, Helios

Private equity firm Helios to sell half its stake in Kenya's Equity Bank

Africa focused investment firm Helios will sell half its stake in Kenyan lender Equity Bank, or 12.22 percent of the bank’s shares, to Norway’s Norfininvest AS, the lender said on Friday.

Norway's Opera acquires South African mobile ad network AdVine

Norway's Opera acquires South African mobile ad network AdVine

Opera — the Norway-based company that develops data-compressed web browsers, app storefronts, and other cloud-based services for mobile and other platforms — has made another acquisition to build out Mediaworks, its mobile advertising subsidiary.

The Global African Investment Summit (TGAIS) 2014

Global African Investment Summit ends with record number of 36 bankable projects worth $246B presented to international investors

The Global African Investment Summit (TGAIS) closed yesterday after two days of high level panels and roundtables to explore investment opportunities in Africa.

Barclays

Barclays' Exposure To Africa Is A Catalyst For Growth

With the upcoming Scottish vote on independence (scheduled for September 18, 2014), and the no-campaign losing ground, it is fair to expect turbulence in the British stock market in the next 10 days (or more, if the vote results in a victory for the yes).

Avigdor Liberman, Foreign Minister, Israel

Israeli Investors Woo African Companies

Israel’s government is leading 50 executives this week on a tour of Africa in a bid to diversify business interests amid the threat of international boycotts and irritation over new corporate taxes.