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Washington Approves Sale of 25 F-16 Fighter Jets to Morocco

The United States has approved the sale to Morocco of twenty-five new F-16C/D Block 72 aircraft and related equipment for an estimated cost of $3.7 billion, the Defense Security Cooperation Agency said in a statement. The Agency said the North African country also proposed to buy equipment to upgrade its existing 23 F-16 fighter jets […]

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Partnering for Africa’s future: exhibition on UNIDO-Japan cooperation

An exhibition highlighting cooperation between Japan and the United Nations Industrial Development Organization (UNIDO) for African industrial development has opened at the Vienna International Centre Monday. The exhibition showcases UNIDO and Japan cooperation on the Tokyo International Conference on African Development (TICAD) first held in October 1993, and on the implementation of the Third Industrial […]

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Tanzania to conclude talks for delayed LNG project

Tanzania plans to conclude talks on developing a liquefied natural gas (LNG) project in the East African country. Equinor, one of the companies involved in the talks, could be selected for the project, according to the Energy Ministry. The construction of the LNG export terminal near huge offshore natural gas discoveries in deep water, south […]

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Tunisian health firms to scout out investment opportunities in Mauritania

Representatives of several Tunisian firms operating in the health sector are expected in Mauritanian next week to explore investment opportunities in the Maghreb country. The visit will take place on March 25 and 26. The companies operating in the pharmaceutical, para-pharmaceutical and medical equipment will meet with Mauritanian importers and retailers including medical practitioners. Mauritania […]

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InfraCo Africa commits $2.2m for two solar projects in Kenya

InfraCo Africa, an infrastructure development facility has signed a $2.2 million convertible loan agreements with energy developer Gigawatt Global for the development of the Samburu Solar and Transmara Solar projects in Kenya. The financing committed by InfraCo Africa will enable these projects to complete development activities and secure the financing needed for construction. InfraCo Africa […]

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Maroc Telecom to Acquire Chad’s 1st Mobile Operator

Morocco’s telecom giant Maroc Telecom continues its international development focusing on its expansion in Africa wherein the company is present in several African countries. It signed on Thursday an agreement with international telecommunications & media company Millicom to acquire 100 pc of the shares of its subsidiary Tigo Chad, 1st mobile operator in Chad. The […]

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Fuel consumption drops by over 20% after price hike in Zimbabwe

In Zimbabawe, fuel consumption has declined by 35 million liters following the January fuel price hike announced by President Emmerson Mnangagwa. According to the Governor of the Reserve Bank of Zimbabwe (RBZ), John Mangudya, the fuel consumption has dropped from 165 million liters of fuel per month to 130 million liters per month. In his […]

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Luanda refinery to quadruple gasoline output by 2021

A partnership agreement between Angola’s national fuel company, Sonangol, and Italian multinational oil company, Ente Nazionale Idrocarburi (ENI), will augment the Luanda Refinery’s gasoline output by four times its current production, Sonaref Chairman, Joaquim de Sousa Fernandes said at a press conference. The Luanda Refinery currently operates at 95 percent of its production capacity and […]

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Chad, Sierra Leone gearing up for energy revolution

The Government of Chad last weekend sealed an agreement with Amea Power for the construction of a 120 megawatts (MW) solar power plant in the Central African nation. The agreement signed by Chad’s Minister of Petroleum and Energy, Mahamat Hamid Koua, and the Chairman of the Board of Directors of Amea Power, Hussein Al-Nowais, aims […]

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Zambia eyes $500 million bond to pay power bills

Zambia plans to launch a $500 million bond program to settle arrears to independent electricity providers, according to Bloomberg. The bond program has been structured in two tranches, the first of which could be launched within two months, according to GRK Prasad, the director of Nava Bharat Venture. The Indian company operates the Maamba plant […]

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