Author: InvestAdvocate

Economic Outlook: The AfDB Forecasts Growth for Madagascar of 4.5% in 2024 and 5.3% in 2025

Growth on the Grande Île was 4.4 percent in 2023, compared with 4.3 percent in 2022 August 6, 2024/AfDB The African Development Bank Group’s Country Report 2024 forecasts vigorous economic activity for Madagascar, with expected growth of 4.5 percent in 2024, climbing to 5.3 percent in 2025. Growth on the […]

AFC Further Diversifies Shareholders with New Equity from DRC’s Rawbank

AFC has mobilised over US$200 million in investments in DRC across its key sectors of natural resources, power, transport, and heavy industries, holding an investment pipeline of over US$850 million in the near- to-medium term August 6, 2024/AFC Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced […]

SEC Obtains Final Judgment Against New York Real Estate Developer for Perpetrating a $229 Million Fraud Against EB-5 Investors

August 6, 2024/US SEC On July 26, 2024, the U.S. District Court for the Eastern District of New York entered a final judgment against Yi (Richard) Xia, his company Fleet New York Metropolitan Regional Center, LLC, and his wife JiQing (Julia) Yue.  The SEC had charged Xia and Fleet with perpetrating […]