Dangote inks $650m loan for oil refinery project in Nigeria
Aliko Dangote, Africa’s richest man, founder and chair of the continent’s largest cement producing company, has signed a $650 million loan facility with the African […]
Business
South Africa: UAE to invest $10 bln in Tourism and Mining
South African presidency last weekend said the United Arab Emirates (UAE) has pledged to invest about $10billion in the southern African nation’s economy, including the […]
China-built free trade zone inaugurated in Djibouti
The China-built International Free Trade Zone (DIFTZ) in Djibouti was inaugurated last week in the presence of several African heads of state. The $370-million project […]
Senegal: Rice production to exceed 875,000 tons in 2020
Rice production in the Senegal River Valley, is expected to rise from the current 455,000 tons to 875,000 tons by 2020, the director of development […]
Djibouti opens $3.5 billion Chinese-built free trade zone
The government of Djibouti on Thursday commissioned a $3.5 billion Chinese-built free trade zone, seeking to capitalize on its strategic position on one of the […]
Ghana is open for business – President Akufo-Addo tells South Africans
Ghanaian President Nana Addo Dankwa Akufo-Addo on Thursday spoke at the Ghana-South Africa Business Forum, held in Pretoria, as part of his State Visit in […]
Twenty-five African banks in the top 1,000 of The Banker 2018 report
In its 2018 report published earlier this week, The Banker Magazine placed twenty-five African banks among the top 1000 banks in the world. Standard Bank, […]
Côte d’Ivoire to build its first biomass power station from cocoa waste
Côte d’Ivoire, the world’s top cocoa producer plans to build a 60 to 70 megawatts (MW) capacity biomass power generation plant running on waste from […]
IMF to consider bailout for debt-crippled Congo Republic
The Executive Board of the International Monetary Fund will examine Congo Republic’s request for a bailout on July 6, the international lender said on Wednesday. […]
UN experts discuss Morocco’s accession to ECOWAS
Experts of the UN Economic Commission for Africa (UNECA) as well as representatives of the private and the public sector are gathered in Benin’s capital […]