South Africa: corruption costs Eskom $55 million a month
Corruption is costing South Africa’s state-owned power utility Eskom an average of $55 million a month, as it is burdened by a heavy debt and […]
Business
US-Africa: AGOA has had a “positive but limited impact” on exports (report)
In 2021, five of the 39 beneficiaries accounted for 82% of non-oil exports to the US under the AGOA. That year, textiles and apparel made […]
Angolan economy grows between 1% and 1.5% in 2023 penalized by oil performance
The Angolan economy is expected to grow between 1% and 1.5% in 2023, penalized by the performance of the oil sector, which is expected to […]
President of Cape Verde makes state visit to Luxembourg in May
The Cape Verdean President will make a state visit to Luxembourg in May, the aim being to raise the 30-year-old relations to a “new level”, […]
AfDB, Dutch ILX sign partnership to mobilize European institutional capital for sustainable projects across Africa
The African Development Bank and ILX Management B.V. (ILX) signed Sunday a partnership agreement to scale up investments and spur institutional investor capital mobilization for […]
Cape Verde: Opposition to take to court review of maritime transport concession
The largest Cape Verdean opposition party, PAICV, said that the revision of the maritime transport concession is a “major scandal” and “damaging to public interests” […]
Mozambique: IMF sees TotalEnergies, ExxonMobil exporting gas from 2027 and 2029
The economist for the African department of the International Monetary Fund (IMF) Thibault Lemaire told media on Sunday that he expects the consortiums led by […]
Angola has been resilient but reforms must be maintained
The economist of the African Department of the International Monetary Fund (IMF), Thibault Lemaire, told Lusa Sunday that Angola needs to combine reforms that ensure […]
World Bank to provide Cape Verde with $15 Million to buy boats
Cape Verde announced a World Bank’s guarantee of $15 million (13.6 million euros) in long-term financing with a five/seven years grace period amortizable over the […]
South Africa looks to boost trade, investment with Namibia, UAE
South African officials have held high level meetings separately with their counterparts from neighboring Namibia and the United Arab Emirates (UAE) intended to enhance bilateral […]