AFRICA DEVELOPMENT BANK APPROVED FINANCING PROGRAM FOR DESCOs

AFRICA DEVELOPMENT BANK APPROVED FINANCING PROGRAM FOR DESCOs

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 …

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CENTRAL BANK OF LIBERIA TO LAUNCH NEW ECONOMIC FORUM SERIES

CENTRAL BANK OF LIBERIA TO LAUNCH NEW ECONOMIC FORUM SERIES

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.…

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ETHIOPIAN AIRLINE SIGN DEAL WITH GHANA GOVERNMENT

ETHIOPIAN AIRLINE SIGN DEAL WITH GHANA GOVERNMENT

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, …

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INVESTORS TO INVEST IN CBE TREASURY-BILLS

INVESTORS TO INVEST IN CBE TREASURY-BILLS

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.…

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ETHIOPIA’S ABIY AHMED VISITS ALIBABA GROUP IN CHINA

ETHIOPIA’S ABIY AHMED VISITS ALIBABA GROUP IN CHINA

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

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ECOWAS and UEMOA PRIORITISES INVESTMENTS IN TRANSPORT AND ENERGY SECTOR

ECOWAS and UEMOA PRIORITISES INVESTMENTS IN TRANSPORT AND ENERGY SECTOR

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 …

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CHINA AND ETHIOPIA TO LAUNCH SATELLITE

CHINA AND ETHIOPIA TO LAUNCH SATELLITE

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

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ZIMBABWE TRADE TO INCREASE WITH BITC INVESTMENT

ZIMBABWE TRADE TO INCREASE WITH BITC INVESTMENT

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 …

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SOUTH AFRICA PLANS JOINT INVESTMENT PROJECT WITH IRAN

SOUTH AFRICA PLANS JOINT INVESTMENT PROJECT WITH IRAN

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 …

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EGYPT’s OPEN ECONOMY RESULTS IN MORE GERMAN PARTNERSHIP

EGYPT’s OPEN ECONOMY RESULTS IN MORE GERMAN PARTNERSHIP

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 …

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BEST COUNTRIES TO INVEST IN AFRICA 2019

BEST COUNTRIES TO INVEST IN AFRICA 2019

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 …

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SOUTH AFRICA SECURES US$35bn INVESTMENT COMMITMENT

SOUTH AFRICA SECURES US$35bn INVESTMENT COMMITMENT

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 …

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NIGERIA SIGN MoU WITH JAPAN ON INFRASTRUCTURE INVESTMENT

NIGERIA SIGN MoU WITH JAPAN ON INFRASTRUCTURE INVESTMENT

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, …

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HFC KENYA GETS Sh1.5bn FROM ARAB BANK

HFC KENYA GETS Sh1.5bn FROM ARAB BANK

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 …

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NIGERIA POWER SECTOR TO GET US$35BN FROM ECOWAS

NIGERIA POWER SECTOR TO GET US$35BN FROM ECOWAS

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 …

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African Finance Corporation to fund Natural resources development across Africa

African Finance Corporation to fund Natural resources development across Africa

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 …

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