Kenya plans to borrow $328 million to finance Mombasa port expansion
The Kenya Ports Authority plans to borrow 34 billion shillings ($328 million) to finance the expansion of East Africa’s biggest harbor on the southeast coast, […]
Business
Botswana: 2015 growth forecast down to 2.6%
Botswana split its 2015 growth forecast due to expected weakness in the diamond market, the finance ministry said in a 2016/17 budget strategy paper on […]
Egypt to host 2015 Africa Business Forum in Oct. 30
Egypt will host the 2015 Africa Business Forum from October 30 to 31, to discuss how to accelerate private sector engagement and investment within Africa […]
Nigeria: Agribusiness to get $1.8bn investment boost
A group of investors have donated the sum of $1.8 billion to develop agriculture and agribusiness in Nigeria, according to the country’s Permanent Secretary at […]
Egypt: Russia gives Egypt a Molniya missile ship
Egypt’s naval arsenal will be boosted by a Russian warship that Armed Forces Spokesman Mohamed Samir described in a post on social media as the […]
Kenya to export Oil by October 2022
Kenya’s push to start oil production by 2017 will be delayed by at least five years going by the detailed design and construction timeline for […]
Libya: Tankers to load 2 mln barrels of oil in Eastern ports
Three tankers have moored at the eastern Libyan ports of Hariga and Brega to load two million barrels of crude, oil officials said on Sunday. […]
Kenya: Electricity users to pay higher bills in August
Electricity consumers in Kenya face double-barreled increments in their August power bills after the energy regulator moved to significantly raise fuel and currency fluctuation levies. […]
Egypt: New Suez Canal dedicated
The Egyptian government has opened the Suez canal expansion project which added 35km channel to the canal and deepened the main waterway to make it […]
South Africa: MTN H1 profit declines by 11%
MTN Group Ltd., Africa’s largest wireless operator, on Wednesday reported a decline in revenue both locally, and at the group level, for the first six […]