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Africa

Indian Engineering Firm WPILs South African Arm Secures Major $51 Million Water Infrastructure Contract

Kolkatabased engineering major WPIL Limited has announced that its South African subsidiary has been awarded a significant contract valued at 821 mill

Kolkatabased engineering major WPIL Limited has announced that its South African subsidiary has been awarded a significant contract valued at 821 million Rand approximately ₹426 crore or $51 million. The contract was secured from METSI KE MATLA JV and involves comprehensive electromechanical and instrumentation works for the Trans Caledon Tunnel Authoritys MCWAP2 Project in South Africa. The project execution is slated for a 48month timeline. This major international project win drove WPILs share price up over 7% in recent trading. The contract reinforces WPILs project execution capabilities in the global water infrastructure sector, with its South African operations becoming a key driver for international business growth and enhancing its future revenue visibility. Read More..

B2B Tech News | 23 days ago         

Morocco Commits $1.6 Billion to Dakhla Atlantic Port Development, Aiming to Establish Major Regional Trade Hub

Morocco is investing $1.6 billion into the construction of the Dakhla Atlantic Port, a major infrastructure project intended to serve as a new conduit

Morocco is investing $1.6 billion into the construction of the Dakhla Atlantic Port, a major infrastructure project intended to serve as a new conduit for regional and international trade. The deepwater port is designed to accommodate the worlds largest container vessels and is aimed at balancing logistical corridors and enhancing integration with African markets, particularly the Sahel region. Crucially, the government envisions the port becoming a key "Green Hydrogen Gateway," facilitating the production and export of green hydrogen and ammonia produced by several largescale international consortia planning projects in the surrounding area. The development is expected to create over 20,000 jobs in related industries, reinforcing Moroccos strategic position in the global energy transition. Read More..

B2B Tech News | 23 days ago         

Inaugural Bloomberg Africa Business Summit Kicks Off in South Africa, Focused on Unlocking Investment Potential

The inaugural Bloomberg Africa Business Summit began today in South Africa, held as an official sideline event of the B20 South Africa 2025. The twoda

The inaugural Bloomberg Africa Business Summit began today in South Africa, held as an official sideline event of the B20 South Africa 2025. The twoday summit brings together over 400 senior leaders from global business, finance, government, and technology under the theme, "Unlocking Africas Investment Potential." Discussions are set to focus on crucial topics, including evolving investment trends, geopolitical shifts influencing African trade, the rapid rise of AI adoption, and the continents energy transformation driven by critical minerals. The summit aims to foster dialogue and collaboration at a critical juncture, highlighting Africas increasing importance in the global economy and its pivotal growth period. Read More..

B2B Tech News | 23 days ago         

TCS, Sybyl, and iXAfrica Partner to Build Sovereign Cloud Infrastructure in East Africa

Tata Consultancy Services TCS announced a strategic partnership with Sybyl and IXAfrica Data Centre Limited iXAfrica to establish and scale sovereign

Tata Consultancy Services TCS announced a strategic partnership with Sybyl and IXAfrica Data Centre Limited iXAfrica to establish and scale sovereign cloud infrastructure in Kenya and other East African countries. This landmark tripartite agreement aims to empower regional public and private enterprises with locally hosted cloud solutions that strictly comply with national data residency and sovereignty laws. TCS will deploy its Sovereign Secure Cloud™ offering, tailored for government and regulated industries, while Sybyl provides regional expertise and iXAfrica supplies secure, AIready data center infrastructure. The partnership directly addresses the urgent need across Africa for secure, builtinAfrica cloud environments. Read More..

B2B Tech News | 23 days ago         

EU Launches Negotiations for Sustainable Investment Facilitation Agreement with Ecuador

The European Union EU and Ecuador formally launched negotiations for a Sustainable Investment Facilitation Agreement SIFA on November 10, 2025. This a

The European Union EU and Ecuador formally launched negotiations for a Sustainable Investment Facilitation Agreement SIFA on November 10, 2025. This agreement is a key part of the EUs Global Gateway strategy to strengthen economic ties with Latin America. The SIFA is designed to streamline authorization procedures, cut bureaucratic red tape, and increase regulatory transparency for EU companies investing in Ecuador. The focus sectors for investment include renewable energy, transport, logistics, and digitalization. Crucially, the agreement mandates adherence to high labor and environmental standards, aligning with the EUs commitment to forging fairer and more sustainable economic relationships with developing partner countries. Read More..

B2B Tech News | 23 days ago         

Botswana Central Bank Holds Key Rate Steady for Third Consecutive Monetary Policy Meeting

The Bank of Botswana BoB announced on October 16th that it would hold its key monetary policy rate steady for the third consecutive meeting. This deci

The Bank of Botswana BoB announced on October 16th that it would hold its key monetary policy rate steady for the third consecutive meeting. This decision reflects the central banks confidence that its current policy stance is adequately managing inflation risks while supporting economic growth. The BoB noted that inflation remains within the banks target range and that the domestic economy shows resilience despite global headwinds. The consistent policy provides a predictable financial environment, reinforcing Botswanas reputation for macroeconomic stability in the southern African region. Read More..

B2B Tech News | 1 months ago         

Africa Finance Corporation AFC Report Highlights $100 Billion Annual Infrastructure Financing Gap

The Africa Finance Corporation AFC released its State of Africas Infrastructure Report on October 16th, which starkly highlights an annual infrastruct

The Africa Finance Corporation AFC released its State of Africas Infrastructure Report on October 16th, which starkly highlights an annual infrastructure financing gap exceeding $100 billion. The report stressed that to achieve continental ambitions like the African Continental Free Trade Area AfCFTA, African nations must urgently mobilize domestic capital. It specifically points to the vast pool of over $70 billion in African pension and sovereign wealth funds available annually, advocating for new publicprivate cooperation models to unlock these resources for longterm investments in energy, transport, and digital backbones. Read More..

B2B Tech News | 1 months ago         

Global Investors Pledge $48 Million at BlueInvest Africa Forum in Lomé, Boosting Maritime Startups

Lomé, Togo, hosted the BlueInvest Africa Forum on October 15th and 16th, an initiative led by the European Commission, which resulted in significant

Lomé, Togo, hosted the BlueInvest Africa Forum on October 15th and 16th, an initiative led by the European Commission, which resulted in significant investment pledges for African maritime entrepreneurs. Over $48 million in funding was reportedly pledged by global investors to support startups and smalltomedium enterprises SMEs focused on the "blue economy"—sustainable use of ocean resources. The event emphasized innovations in coastal protection, sustainable fishing, and maritime logistics, aiming to boost economic growth while strengthening AfricaEurope cooperation on marine resource management. The forum underscored Togo’s growing role as a hub for West Africas maritime sector. Read More..

B2B Tech News | 1 months ago         



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