Chinese company to invest $147 mln in copper project in DRC
China’s Zhejiang Huayou Cobalt Co will invest $147.2 million to build a copper project in Democratic Republic of Congo (DRC), the company said on Tuesday. […]
Business
Intra-African Trade Fair records $32.6 billion in concluded deals
The inaugural Intra-African Trade Fair (IATF), held recently in Cairo, was marked by the signing of deals valued at $32.6 billion, according to preliminary figures […]
Angola joins forum of gas exporting countries
Angola has been admitted as an observer member of the Forum of Gas Exporting Countries (GECF), during the group’s 20th ministerial meeting held in Port […]
Mauritania awards Total two oil exploration and production contracts
Integrated oil and gas company Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new exploration […]
African carriers to report net loss of $300m in 2019
African airlines are expected to report a net loss of $300 million in 2019, the International Air Transport Association (IATA) said. The expected net loss […]
Italian Eni announces new oil discovery in Angola
Eni has struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery is estimated to contain between […]
Egypt pledges to promote intra-African trade as he takes AU chair
Egypt’s president, AbdelFattah al-Sisi on Monday unveiled plans to promote intra-African trade when he takes over as chair of the African Union next year. Egypt […]
US-China rivalry in Africa set to sharpen in 2019, Control Risks says
Early signs suggest that the US-China rivalry will find its way to the African continent in 2019. While the US is multiplying warnings about the […]
Africa economic conference 2018 opens in Kigali
The Africa Economic Conference opened in the Rwandan capital Kigali on Monday under the theme: “Regional and Continental Integration for Africa’s development.” The meeting aims […]
Rwanda’s economy to grow by 7.2% in 2018 – IMF
Rwanda’s economy is expected to grow by 7.2 percent this year the International Monetary Fund (IMF) said. According to the Washington-based lender, growth averaged 8.6 […]