To receive this brief in your email every Monday, please subscribe here.
Week commencing 28 January
French state-controlled power utility EDF has bought a 49% stake for an undisclosed amount in Conergies Group, a west African energy company. The company has more than 130 projects in Ivory Coast, Mali, Senegal, Burkina Faso, Benin, Guinea and Guinea-Bissau.
Reuters 23 January
Dutch impact investor Goodwell Investments has invested $2m in Nairobi-based Copia, a consumer goods catalogue and delivery service. Copia uses technology developed in Silicon Valley and a network of more than 3,000 local agents to deliver goods and services to about 40,000 consumers in rural Kenya.
Liquid Africa 22 January
Chinese smartphone maker Xiaomi is set to open its first Nairobi office this year as part of a plan to counter the dominance of Chinese rivals including Transsion Holdings. Xiaomi entered the African market space through Nigeria, South Africa and Kenya.
Daily Nation 24 January
German automobile manufacturer Mercedes-Benz will re-establish a factory in Egypt with a local partner. Mercedes-Benz had closed its assembly plant for passenger cars in 2005 because it had become economically inefficient. The decision comes amid numerous Egyptian policies being promoted to attract foreign investment.
Daily News Egypt 25 January
Mauritian fund management company Advanced Finance & Investment Group (Afig) has acquired a 29.9% stake in Nigerian company NEM Insurance. The investment makes Afig the largest shareholder in NEM, which has been operating for more than 60 years.
Africa Global Funds 21 January