Hilton enters Angola through Grupo Veleiro in a 137 million-euro investment
US hotel chain Hilton has teamed up with Grupo Veleiro to enter the Angolan market with a new five-star hotel in an investment estimated at […]
Business
Indian RITES to supply locomotives to Mozambique for 34.4 million euros
The state company Rail India Technical and Economic Service (RITES) will supply 10 locomotives, in a deal worth 37.6 million dollars (34.4 million euros), to […]
Nigeria drops legal action against Italian oil company Eni
Italian oil company Eni continues its legal saga in Nigeria. On Thursday November 16, Abuja withdrew its civil claims against the energy producer. At the […]
Angolan concessionaire received 53 bids for oil exploration in the Congo and Kwanza Basins
Angola’s National Oil, Gas and Biofuels Agency (ANPG) has received 53 bids in the onshore tender for 12 oil blocks in the Lower Congo and […]
Egyptian TAQA Arabia launches Tanzania’s first natural gas fueling station
TAQA Dalbit, a subsidiary of Egyptian energy company TAQA Arabia, has opened Tanzania’s first natural gas fueling station and conversion center for vehicles. The […]
Saudi fund provides 140 million euros for public works in Mozambique
The Mozambican government and the Saudi Fund for Development signed an agreement on Thursday November 09 in Riyadh, Saudi Arabia, to provide 150 million dollars […]
Morocco Has Been Regularly Calling for Achievement of African Regional Economic Integration, King Mohammed VI
Morocco has been regularly calling for inter-African coordination and cooperation mechanisms to be enhanced in various fields with a view to achieving regional economic integration, […]
Rwanda hosts the World Travel and Tourism Summit, an African first
From November 1 to 3, 2023, Rwanda hosts the 23rd World Summit of the World Travel & Tourism Council. A major event organized for the […]
Egypt, Mitsubishi ink agreement to develop two power plants
Egypt has signed an agreement with the Japanese Mitsubishi Power Company to develop the Sidi Krir and El-Atf power plants, Japanese company said in a […]
Mozambique misses ruby production target with drop of almost 40% this year
The Mozambican Government admits that the country will miss its target for ruby production this year, which is expected to fall by almost 40% compared […]