Midea Group, a leading Chinese home appliance manufacturer, has become the official sponsor of the Africa Cup of Nations 2025 in Morocco, indicating significant investment in the African market.

• Investment includes new washing machine and refrigerator factories in Egypt, starting production in August and November.
• Midea Group partnered with the Confederation of African Football (CAF) to enhance its brand presence.
• Chinese home appliance companies are increasing investments, capitalizing on the low penetration rates of major household appliances in Africa.

NCBA Bank and Car & General have partnered to provide affordable equipment financing for SMEs, allowing businesses to access up to 90% financing with repayment periods of up to 60 months.

• Financing includes a 60-day grace period post-delivery.
• Lennox Mugambi, NCBA Group Director of Asset Finance and Business Solutions, emphasized the initiative's focus on improving access to modern machinery.
• Despite challenges in the construction sector, with a drop in cement production from 9.19 million tonnes to 8.5 million tonnes, there’s increased investor confidence indicated by approved building plans worth Sh221.6 billion in Nairobi.