China to revamp S. Africa flagging economy
China has signed 26 agreements worth R94 billion ($6.5 billion) with South Africa to support the country’s flagging economy, as President Xi Jinping met with […]
Business
Egypt pays $546 million to investors, companies’ overdrafts remaining
The Egyptian central bank under the new leadership of Governor Tarek Amer stated that it had repaid foreign investors the backlog of their stock and […]
Africa is ‘tired of being in the dark’ AfDB Boss tells Paris COP21 Summit
President of the African Development Bank, Akinwumi Adesina, who pledged to bring electricity to the poorest parts of the continent within a decade, said on […]
Air France-KLM to make Abidjan a regional hub by 2025
Air France-KLM group on Tuesday said it expects to turn Ivory Coast’s economic capital Abidjan into its West African regional hub within a decade. “In […]
Zambia launches $2 billion hydro-power project
Zambia has begun the construction of what it says is a major hydro-power project aimed at boosting the country’s electricity generation capacity, Xinhua news agency […]
Egypt gets largest wind power station
The largest wind power station project in the Middle East and North Africa was inaugurated in Egypt on Sunday at an estimated cost of €270million […]
Nigeria: Oando to build $350 mln gas processing plant
The Head of Nigeria’s Oando said on Thursday its company plans to build a $350-million gas plant as it seeks to integrate gas production within […]
Algeria, Malta to revive bilateral cooperation
Maltese Prime Minister Joseph Muscat arrived in Algeria on Wednesday accompanied by more than 30 businessmen for a two-day working visit during which the two […]
South Africa: BMW to invest $417 mln for new model
BMW AG plans to invest more than $417 million in its South African plant to manufacture its new X3 sport-utility model, the German company said […]
Tanzania: 40% drop in cashew harvest due to poor rains
Cashew nut output in Tanzania, Africa’s fourth-largest producer, could decline by 40 percent this year as poor rains in major growing areas hurt harvests in […]