Tag Archives: American Businesses in Africa

Cisco launches Incubation hub in Kenya

By Rinchi

Cisco, an American telecommunications equipment manufacturer announces the launch of an incubation hub worth KES 69 million in Nairobi, Kenya. This initiative is conducted along with the expansion of its business operations in the country.

The incubation hub center will be hosted at the University of Nairobi (UoN) which will be Cisco’s second incubation hub in Africa after South Africa in 2018.

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US institutional investors in SA to seek co-investment opportunities

The United States of America Embassy on Friday said that its country investors were looking to explore co-investment opportunities across sectors in South Africa.

A delegation of American investors was visiting Johannesburg to strengthen relationships with African pension funds, asset managers, and financial institutions for potential partnerships and co-investments. Read more

Kenya, US Firm to Sign Deal for Construction of Nairobi-Mombasa Expressway

US Ambassador to Kenya Kyle McCarter says the deal for the construction of a multi-billion-shilling Nairobi-Mombasa expressway will be signed this month.

Addressing visiting members of the US National Association of Securities Professionals (Nasp), the envoy has revealed that the agreement for the Sh350 billion road will be struck on April 17th.

The 473-kilometer state-of-the-art dual carriage motorway will be built by an American engineering company, Bechtel. Read more

The story of a private-equity fund shows how a U.S.-Egypt reset could begin

By David Ignatius

You can’t find many success stories in the United States’ sour, sullen relationship with Egypt over the past decade. Mostly it has been a tale of mutual suspicion, thanks to erratic U.S. policy and growing Egyptian political repression.

But talking with Amal Enan, a 33-year-old Egyptian economist, you realize what a healthy relationship could accomplish. She runs the Cairo office of an innovative, little-noticed development project that’s quietly backed by the two governments, known as the Egyptian-American Enterprise Fund.

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Exxon wants to sell Nigerian oil and gas fields for up to $3 billion

By Ron Bousso and Julia Payne

LONDON (Reuters) – Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana, industry and banking sources told Reuters.

The potential disposals are expected to include stakes in onshore and offshore fields and could raise up to $3 billion (2.30 billion pounds), two sources said.

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U.S pension investors eye Kenya’s infrastructure

By Chacha Mwita

The country is seeking investors in energy, roads, water and housing projects

Kenya is hosting over 30 representatives of major U.S. pension and asset management funds on an initial mission to evaluate the investment potential and opportunities in infrastructure projects.

The team is being hosted by the Kenya Pension Fund Investment Consortium (KEPFIC) on a three-day fact finding mission.

Collectively, these funds manage assets worth Sh100 trillion (US$1 trillion). Read more

US billionaire Mark Cuban invests in South African Veldskoen

  • The by Cheryl Kahlaiconic Veldskoen brand is going global.

South africa’s Veldskoen is going global. The brand received a huge financial boost from Shark Tank investor Mark Cuban, the owner of the NBA’s Dallas Mavericks.

Speaking to John Maytham, the CEO and co-founder of Veldskoen, Nick Dreyer said Veldskoen “is a great South African product and a great South African story.”

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