Sub-Saharan Africa need funds for electricity production but will financial providers stop worrying about political, regulatory and administrative barriers?
Sub-Saharan Africa’s energy systems face an enormous challenge due to low electricity generated. This has made Africa Development Bank (AfDB) to approve an innovative multinational financing program for Distributed Energy Service … Read More
Central Bank of Liberia (CBL) to create public awareness among key CBL stakeholders with new economic forum series.
Central Bank of Liberia (CBL) is making plans to launch a new economic forum series. This series will help Economic forums to have a dialogue on topical domestic and global economic issues.… Read More
Ghana sign deal with Ethiopian Airline to establish a national airline in Accra.
Ethiopian Airline has sign a deal with Ghana government to establish a national airline in Accra. The deal is a joint investment from the Ghanaian government, the private sector, and the Ethiopian airline.
According to the deal, … Read More
Central bank of Egypt (CBE) to offer 23 investors treasury bills (T-bills).
Over twenty-nine foreign and domestic investors has offer to invest in the Central bank of Egypt (CBE) treasury bills (T-bills). The T-bill which was issued out this week will allow bank to subscribe with a minimum of US$100,000.… Read More
Prime minister Abiy Ahmed visits Alibaba to build strategic relationship
Prime minister Abiy Ahmed visits Alibaba Group – the e-commerce giant, in Hangzhou. In fact, both leaders are building a relationship that will see Alibaba support Ethiopia’s Development.
More so, Jack Ma commends PM Abiy’s reforms in Ethiopia, confirming that … Read More
ECOWAS and UEMOA plan to prioritise mostly investments in transport and energy sectors.
At a recent European External Investment Plan meeting in Accra, Ghana; the Economic Community of West African States (ECOWAS) and West African Economic and Monetary Union (UEMOA) said; it wishes to prioritise investments in the transport and … Read More
Delegates from Ethiopia inspects a satellite under development in China.
As part of plans for Ethiopia to launch satellite, Prime Minister Abiy Ahmed inspects a 70kg Multi-Spectral Remote Sensing Satellite ETRSS-1 under development in China. In fact, the satellite is currently under development in partnership with China Academy of Space … Read More
Botswana Investment and Trade centre to increase trade with Zimbabwe from US$30 million to US$105 million.
Trade is an important commodity when it comes to Economic growth. This is why the Botswana Investment and Trade centre (BITC) is targeting opportunities in Zimbabwe.
BITC plans to increase trade with Zimbabwe from … Read More
Plans are in motion for South Africa and Iran Joint investment project.
South Africa is set to enhance economic cooperation and carrying out joint investment projects in various fields with Iran. This remark was made during a conference on foreign investment opportunities in the southern Province of Hormuzgan.
Mazwi Khumalo … Read More
President, Kaguta Museveni meets with Japanese investors in Uganda who are keen on investing in waste management. The delegates were led by Mr. Ito Yuichi from Art Yuichi Company want to invest in recycling organic waste. More so, they have their eyes on the city of Kampala which is growing … Read More
Germany and Egypt to partner more because of Egypt’s open economy and policies.
Egypt’s open economy progress is commendable says Germany. This is according to Thomas Bareiß; German’s parliamentary state secretary at the Federal Ministry for Economic Affairs and Energy @ BMWi bund.
To further strengthen mutual links … 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
South Africa have acquired US$35 billion out of the US$100 billion it needs for reviving its economy.
South Africa have received investment pledges of about US$35 billion as part of its plans to attract US$100 billion. The US$100 billion is for reviving the country’s economy.
The South Africa president Cyril … Read More
Nigeria and Japan sign MoU on Infrastructure Investment.
For the promotion of quality infrastructure investment between Nigeria and Japan, both countries have signed a memorandum of understanding (MoU). Representing both countries for the MoU signing in Abuja was Nigeria’s minister of transportation Rotimi Amaechi and Japan’s State Minister of Land, … Read More
Leading housing financing company in Kenya, HFC gets Sh1.5billion credit from Arab Bank.
Housing Finance Group of Kenya (HFC) have received a line of credit from The Arab Bank for Economic Development in Africa (Badea). The credit line which amounts to Sh1.5billion (US$15 million) is for lending to the SME … Read More
ECOWAS set to invest US$35BN into Nigeria power sector because it is a major provider of natural gas to other countries.
The Nigeria power sector has been getting reviews from international communities, investors and experts in the energy sector according to ECOWAS president, to invest in the country power sector … Read More
AFC have set aside US$700m for the development of Africa’s Natural resources sector.
At the 9th West and Central Africa (WACA) Mining Conference and Exhibitions, Begna Gebreyes , the Vice President, Investment, of African Finance Corporation (AFC) said, AFC will be making available about US$700 million for the development of … Read More