UAE investments in Egypt reach $6.66 billion in 2018
UAE investments in Egypt slightly went up in 2018 to reach $6.66 billion compared to $6.513 billion in 2017. The figures were disclosed by UAE […]
Business
Microsoft launches $100m Development Centers in Africa
Tech giant Microsoft has launched a $100 million Africa Development Centre (ADC) with offices in Kenya and Nigeria. The program will support the recruitment of […]
Zambia: Glencore plans to close two shafts, fires 2000 workers
Zambia’s Mopani Copper Mines, owned by mine giant Glencore, plans to close two shafts at its Nkana mine in Kitwe. According to unions, the move […]
Peugeot to start production at its Kenitra plant
French car producer Peugeot Societe Anonyme (PSA) will launch in the second quarter (Q2) a new production factory, in Kenitra, 40 km to the north […]
Green Energy: Nedbank issues renewable energy bond
Nedbank, a local private bank in South Africa, has issued green bonds to support the development of four green energy projects in the southern African […]
Côte d’Ivoire awards Morocco’s Agentis contract to build two regional hospitals
Agentis, a Moroccan company distributor and manufacturer of medical devices has won a $97-million contract in Côte d’Ivoire to build two regional hospitals. Under the […]
BMW to source cobalt from Morocco, Australia instead of RDC
German car manufacturing giant BMW has announced a plan to buy cobalt directly from mines in Australia and Morocco to ensure the metal purchased for […]
Nigeria’s oil minister seeks new funding options in Saudi Arabia
Nigerian Oil Minister Emmanuel Kachikwu and the president of Saudi Aramco on Tuesday discussed investment options in the midstream and downstream sector, Nigeria’s petroleum ministry […]
Kenya betting big on geothermal plants in Rift Valley
In Kenya, Chinese company Kaishan Renewable Energy Development has signed procurement, engineering and construction (EPC) agreement to build a $65 million geothermal power plant. The […]
Egypt: private electricity producers gear up for the world’s largest solar installation
Oslo Stock Exchange-listed energy company, Scatec Solar, has commissioned a 65-megawatt photovoltaic power plant within the Benban complex in eastern Egypt. According to local media, […]