Construction of two of the world’s largest sulfuric acid plant is ongoing in Morocco.
ACS Group will build two of the world’s largest Sulfuric Acid Plant in Morocco; as Rabat Morocco’s OCP group and Spain’s ACS Group sign contract to build the factories in Jorf Lasfar. The factories which will … Read More
Uganda’s second international Airport under construction
A new international airport in Uganda will soon surface. The Hoima International Airport also called Kabaale International Airport, is currently under construction in Uganda. This airport when completed will be Uganda’s second airport asides the Entebbe International Airport.
The airport design will see it … Read More
French Development Agency (AFD) supports access to water and sanitation in Uganda with €270 million
The Ugandan government and the French government via French Development Agency (AFD); have signed a loan deal to help support access to water and sanitation in Uganda. The loan deal comprises of two separate financing … Read More
MainOne and Facebook partner to deepen broadband internet penetration in Nigeria.
Two of Nigeria’s fastest growing states Edo and Ogun state would be beneficiaries of a partnership between MainOne and Facebook. MainOne on Monday 25th February 2019, said it plans to undergo a metro fiber infrastructure project in the two … Read More
Kenya government considering full ownership of Kenya airways to effectively ward off competition from other state-owned airlines in Africa.
According to the Transport Principal Secretary Esther Koimett; the Kenyan government is considering taking back full ownership of Kenya Airways which is its national carrier. The full ownership of Kenya Airways … Read More
New Zimbabwe currency to be backed up with fiscal discipline
Finance Minister Mthuli Ncube recently said that the new Zimbabwe currency will be backed up with fiscal discipline. According to Ncube, the government will allow the new Zimbabwe currency – Real Time Gross Settlement (RTGS) dollar; to fluctuate but would … Read More
Sterling Bank and The Arab Bank for Economic Development in Africa (BADEA) signs US$65 billion deal
Nigerian Bank, Sterling Bank have signed a deal to receive a US$65 billion loan facility from The Arab Bank for Economic Development in Africa (BADEA).
According to Sterling Bank’s Executive Director, Corporate & Investment … Read More
Nissan signs agreement with Hasnaoui Group to build car assembly plant in Algeria.
Japanese second largest automaker Nissan Motor Corporation, will soon build a car assembly plant in Algeria. This announcement came after Nissan signed an agreement with Algerian private partner Hasnaoui Group; to build a US$160 million car assembly … Read More
Uganda’s mobile money platform will help attract debt investors.
Uganda is planning to use mobile money platforms to sell government securities to its citizens. The government said the mobile money platform will help reduce the dependence on commercial banks and institutional investors for funding.
The Ugandan government also believes the … Read More
Nachtigal Hydropower Plant in Cameroon will help limit climate change.
On the 31st of January 2019, the World Bank Group via World Bank Africa tweeted; that it supports the construction of the Nachtigal Hydropower plant in Cameroon.
Derivatives from the tweet suggests that; the 420 mega watts (MW) Nachtigal Hydropower … Read More
Rwanda signs deal to extract methane gas from Lake Kivu
The Rwanda government have signed a US$400 million deal with Gasmeth Energy Ltd to extract, process, compress and also bottle methane gas from Lake Kivu. The signing of the seven years deal took place on Friday 1st February 2019 but … Read More
Before the elections commence in Africa, what do investors need to know?
Political instability which is an investors nightmare, is also one element hindering infrastructural development in Africa. Most times, especially in Africa, political unrest usually arises during election period – change in government.
Some African countries this year 2019 … Read More
RMB gives report on best countries to invest in Africa for 2019
Many investors are in search of the best countries to invest in Africa; as Africa is fast rising to become a very fertile investment destination. The continent is in dire need of roads, rails, ports, airports, power grids … Read More
Egypt to unveil world’s largest solar park/farm this year.
By mid this year 2019, Egypt expects to unveil its Benban solar park; which covers a 37.2 km2 (14.4 sq mi) area and will produce more than 4TWh of power once fully operational. The park consists of 41 power plants/stations … Read More
Zimbabwe government finally restores full access to internet and social media services.
After a court order yesterday being Monday, access to internet and social media platforms have finally being restored in Zimbabwe. The Court had deemed the Zimbabwe’s government internet shutdown as being illegal and unlawful.
The Zimbabwe’s High Court … Read More
Zimbabwe’s President skips World Economic Forum (WEF) in Davos due to violent protests in his country.
Amid the current unrest in Zimbabwe; her President Emmerson Mnangagwa have being out of the country for series of bilateral trade and investment meetings in Russia.
However, he recently announced via twitter that he … Read More
Zimbabwe becomes world’s most expensive place to fuel a car.
Africa is championing the list of world’s most expensive place to fuel a car courtesy of Zimbabwe. The question is how the this come to be?
Back in 2017, before the stepping down of President Robert Mugabe; Zimbabweans held a … Read More
Shell signs gas supply and aggregation agreement for Aba Integrated Power Project (IPP)
The Shell Petroleum Development Company of Nigeria Limited (SPDC) recently signed an agreement with Geometric Power Aba Limited (GP) and Gas Aggregation Company of Nigeria (GACN). The gas supply and aggregation agreement will enable GP and GACN … Read More
Cross River Garment Factory becomes export-licenced company for Made in Nigeria clothing.
The Nigerian government through the Nigerian Export Promotion Council (NEPC) have granted Cross River Garment Factory the licence to export Made in Nigeria clothing beyond the shores of Nigeria to other parts of the world.
The Nigerian government … Read More
Rwanda calls for African partnership to help boost African economy.
Rwanda, the landlocked East African country recently held a Trade Facilitation and Manufacturing forum in Kigali. At the forum, Rwandan top officials stressed on the need for deeper African partnership especially between its fellow East African neighbours. The Forum served … Read More