Sinosteel, Tosyali to launch a $508Ml steel plant in Algeria
The Chinese company Sinosteel Engineering & Technology Co., Ltd. announced that its wholly-owned subsidiary sealed a contract with North Africa Tosyali Iron & Steel Industry […]
Business
Gabon to issue $ 500 million Eurobond to finance infrastructure projects
Gabon plans to raise at least $500 million via a new 10-year Eurobond at a 6.95% interest rate to fund infrastructure projects that will help […]
Energy : American Capital invests $ 85Mln in Senegal’s wind power project
American Capital Ltd., a private equity firm agreed to provide $85 million to help build the first utility-scale wind-power project in Senegal. American Capital Energy […]
Ethiopia to double its sugar plants by November 2015
Addis Ababa aims to become Africa’s biggest sugar producer and exporter with plans to double the number of its sugar estates to six by November […]
Zambia not to benefit from Africa’s TFTA
Three African trade blocks, the Common Market for Eastern and Southern Africa (COMESA), the Eastern African Community (EAC) and the Southern African Development Community (SADC) […]
Egypt Eastern Tobacco Company to set up $20 Mln manufacturing plant in Malawi
Egypt Eastern Tobacco Company has partnered with Auction Holdings Limited (AHL) Group to set up a $20 million cigarette manufacturing plant to be located in […]
Tunisia, Côte d’Ivoire sign 4 ICT agreements
Tunisia and Côte d’Ivoire have signed four agreements relating to the postal sector, digital knowledge transfer and Information and Communication Technology last week. The Tunisian […]
Cameroon to set up six new cassava processing units
The government of Cameroon is going to modernize its agriculture sector trough the installation of new processing units. The localities of Edea and Dibombari, in […]
Somalia to resumet livestock exportation to Egypt
An agreement on the resumption of Somalian livestock exports to Egypt has been reached recently between the two governments which also decided to bolster exchanges […]
Kenya: IMF lowered its growth forecast for 2015 to 6.5%
The International Monetary Fund (IMF) announced that the Kenyan economy is expected to grow by 6.5% in 2015, against the 6.9% forecast announced earlier this […]