Category: Investment

EconomyInvestment

Africa’s Energy Future Demands Investment Over Ideology, Industry Leaders Assert

African energy leaders are pushing back against narratives keeping oil and gas resources underground while millions experience energy poverty. The chamber advocates for pragmatic policies and investment partnerships to drive energy development and industrialization across Africa.

Investment Priority Over Ideological Debates

According to reports from the recent African Energy Week in Cape Town, energy advocacy groups are emphasizing practical investment solutions over ideological debates regarding Africa’s energy future. The African Energy Chamber has reportedly rejected narratives suggesting oil and gas resources should remain untapped while energy poverty affects millions across the continent.

by Samuel Kim
AIInvestment

Abu Dhabi’s MGX Emerges as Major AI Investor While Backing TikTok Deal

The Abu Dhabi-backed investment firm MGX is rapidly becoming a dominant force in global technology investing. Recent reports indicate the sovereign wealth fund-backed entity is participating in massive AI infrastructure deals while also supporting former President Donald Trump’s efforts to acquire TikTok.

Abu Dhabi’s Strategic Move Into Global Tech

An Abu Dhabi-backed investment firm is emerging as a major financier in the global artificial intelligence sector while simultaneously participating in efforts to bring TikTok under U.S. control, according to recent reports. MGX, launched in March 2024 with backing from Abu Dhabi’s sovereign wealth fund, has become a key capital source as tech giants race to build the computing infrastructure needed to meet exploding AI demand.

by Priya Kapoor