Egypt: Chinese energy giant BYD inks a deal to build 128-km Monorail
Chinese giant BYD Co has signed an agreement with the authorities of Egypt’s largest port city of Alexandria to build Africa’s first straddle-beam monorail (SBM), […]
Business
Namibia to close diamond mines by 2022
Anglo American’s diamond unit De Beers, plans to close four mines by 2022 in Namibia, a union official told local media on Tuesday. According to […]
Gabon unveils $300 million new port Harbor
The Gabonese government on Saturday, unveiled a $300 million port as the central African nation seeks to modernize the existing Port of Owendo. The new […]
Tunisia: Attijari Bank to sell client’s 27.550 shares over court decision
Country’s largest banking network Attijari Bank is to sell 27.550 shares belonging to a client who contracted a loan from the bank. The decision for […]
Morocco Looks forward to establishing tripartite partnership with Russia and Africa
Morocco expressed its steady commitment in favor of Africa and invited Russia to seal a tripartite partnership to undertake mutually beneficial projects in the continent. […]
Uganda to export electricity to South Sudan
Uganda will soon supply power to South Sudanese border towns as part of the East Africa Community agreement to help member states, state-run news agency […]
World’s second-biggest diamond from Botswana sold for $53m
The world’s second-biggest diamond found in Botswana’s mine has been sold for $53 million on Tuesday, the Canadian Lucara Diamond Corporation, which owns the mine, […]
Tanzania seizes British miner’s diamonds
The Tanzanian government has seized British Petra Diamonds’ ores worth nearly $30m amid a government investigation, the company said on Monday. “Petra confirms that a […]
Tanzania: Gold miner Acacia reduces operations, cuts workforce
The Canadian gold miner, Acacia, on Monday, announced that is has reduced operations and cut its workforce in Tanzania, few months after the East African […]
Equatorial Guinea accuses Total of ‘fraud’, demands €73 mln
Oil-rich Equatorial Guinea is demanding about €73 million from French oil group Total over “fraud” in fuel sale between 2010 and 2012, Finance Minister Miguel […]