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ADIA hosts Africa Investment Summit in Abu Dhabi

The two-day event will include representatives from 22 countries, including seven African nations

UAE’s Dana Gas collections increase 16.7% for first nine months

Collections worth $230m came in from its operations in Egypt, the UAE and Kurdistan region of Iraq

UAE’s Abraaj to fully acquire African coffee chain Java House

The acquisition was made from private equity firm Emerging Capital Partners

UAE’s Crescent Enterprises invests in Africa’s Mara group

The investment was made into e-commerce platform Mara Shopping and Mara Xpress

How Middle East companies can succeed in Africa

Successful companies generally have three to six mutually distinctive capabilities that support and drive their strategy, according to Strategy&

Exclusive: UK subsidiary of Nigeria’s Access Bank to open Dubai office

The bank aims to help facilitate investments from the Gulf region into Africa, primarily Nigeria, says CEO

Emirates to launch flights to Bamako in Mali

The service to Bamako will help Emirates improve its connectivity in Africa, the airline said

Seychelles nationals get UAE visa waiver from July 16

The waiver will grant Seychellois visa-free arrival to the UAE for up to 90 days

Top five challenges faced by execs in the region – Bain

Regional directors say cyber attacks, customer loyalty are amongst the biggest challenges they face, finds new survey

Smartphone shipments to Middle East and Africa up 66% in Q1 2015

Smartphone shipments to the Middle East and Africa are set to total 155m units by the end of 2015, a study says

Abraaj Group buys majority stake in Nigerian mattress maker Mouka

The founding family of Mouka who will retain a minority stake in the company, a statement said

Abraaj Capital sells 13.6% stake in Africa’s UAP Holdings

Abraaj sold its stake in the African insurance firm to London-based banking group Mutual plc

Tunisia sees tourism losses of $515m for 2015 after attack

Tunisia’s second terrorist incident this year involving tourists will heavily impact the sector, officials say.

Saudi investor’s Ethiopian farms to raise coffee, tea output

Horizon Plantations and Ethio Agri-CEFT plans to more than double its coffee production and expand tea output.

France’s Natixis to make Dubai capital markets hub for Mideast, Africa

In the past two years, Natixis has increased staffing levels in Dubai by around 50 per cent to 45 people

Dubai’s Access Infra to launch solar plant in Uganda this year

The project is part of the company’s plans to develop electricity projects in 17 African countries, mainly based on renewable energy

Saudi man gets life in US prison in Africa embassy bombings case

Khalid al-Fawwaz was not charged with planning or participating in the attacks, which killed 224 people and injured more than 4,000.

Affordable Smartphones See Growth Boom In Middle East, Africa – IDC

Smartphones priced under $100 accounted for 20 per cent of the overall market last year, up from five per cent in 2013.

Private Equity House Abraaj Closes $990m Sub-Saharan Africa Fund

The new African fund will focus on well-managed, mid-market firms in sectors most likely to benefit from demand driven by the rapid expansion of the middle class.

Senegal President Asks Saudi-Based IDB To Help Organise Sukuk Bond

Senegal aims to issue between $500 million and $1 billion in debt on international markets this year.

Rwanda Signs Deal With UAE-Based Company For Water Treatment Plant

Under a public-private partnership arrangement lasting 27 years, water will be taken from the Nyabarongo River and treated for use in the capital Kigali.

Abraaj Sets Up $200m North Africa Healthcare Group

Abraaj will be the main investor in the healthcare group with $145 million, while three other investors will pitch in about $55 million.

Etisalat-Owned Maroc Telecom’s 2014 Profit Up 5.6%

Increased revenues from its African subsidiaries helped the company post a strong profit.

Kuwait’s Agility Plans Up To $100m Africa Spend In 2015

Target markets include Ghana, Mozambique, Angola and Nigeria, as they are benefiting from blossoming oil and gas sectors.

Dubai’s Access and France’s EREN Partner For African Power Investment

Under the deal, both companies will implement a development plan to create a portfolio of power assets in Africa worth over $500 million.

UAE’s Abraaj Group Buys Stake In Algeria-Based Logistics Firm

The company did not disclose the value of the deal of the size of the stake it acquired in FBA.

Dubai’s Aramex Buys South Africa’s PostNet Franchise For $16.5m

PostNet provides courier, printing and copying services, plus stationery and mailboxes, and has 287 stores in South Africa.

Saudi King Gives $35m Grant For Ebola Fight

Under the grant, Jeddah-based IDB will setup treatment centres in Sierra Leone, Guinea and Liberia and Mali.

Algeria Oil Minister Says OPEC May Hold Emergency Meeting Before June

The Algerian minister reiterated that oil prices were down because of low consumption and high supplies especially from non-OPEC petroleum-producing nations.

UAE’s Mulk Holdings Invests $40m In Nigeria’s Shopping Centre

The duty free shopping centre, situated in Lagos, is scheduled to be completed by 2016.