Seychelles’ sovereign credit rating has for the first time been upgraded to ‘BB’ and assigned a stable outlook in the newly published Fitch Ratings -- a New York-based credit agency.

BK Group Plc, the holding company of Bank of Kigali (BK), Rwanda’s largest bank by assets, is steadily growing into the country’s new investment powerhouse, after reporting a 23.4 per cent year-on-year growth in its net income, earning Rwf7.5 billion ($8.3 million) in the first quarter of 2019 across its four subsidiaries.

Maker of Flo bottled water looks to invest EGP 3 bn in Egypt by the end of 2022: The Egyptian-Saudi Company for Natural Water and Food Industries (ESC), the distributors of Flo-branded water, is planning to invest EGP 3 bn in Egypt by the end of 2022, Chairman Mahmoud Daoud told the local press. 

Second oldest pharmaceutical manufacturing company in the Indian State of Goa, Medizest Pharmaceuticals Private Limited, has expressed interest to invest in Zambia.

AgDevCo is pleased to announce its first investment in Kenya. In partnership with Root Capital, AgDevCo is providing a US$5.0 million facility to a market-leading consortium of macadamia processors and exporters.

Foreign Investment in Tunisia increased 15.7 percent during the first quarter of the current year for about $280 million, announced the country’s Foreign Investment Promotion Agency (FIPA-Tunisia). 

Enterprise artificial intelligence (AI) startup InstaDeep has raised US$7 million in Series A funding from AfricInvest and Endeavor Capital to expand AI opportunities in Africa.

Coca Cola Beverages Africa has commissioned a US$ 10 million Rwenzori Pure Natural Water production line at Namanve Industrial park in Mukono District.

A development centre with sites in Nairobi and Lagos will be up and running by the end of the year, according to the software giant.