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 […]
Business
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 […]
Africa’s visa openness improves; challenges persist – Report
The Republic of Benin and Seychelles have ended this year in the top spot of the Africa Visa Openness Index Report 2018. According to the […]
MTN Rwanda inks deal for $56.20 million loan
MTN Group Ltd.’s Rwanda unit has signed a$56.20 million (50 billion francs) loan with eight local banks. MTN Rwanda, which had close to 4.5 million […]
Are Algerian airlines planes taking off without maintenance checks?
In just 24 hours, two Air Algérie aircraft were forced to turn back following technical incidents. The situation illustrates the fears expressed by striking maintenance […]
Morocco: Uplift, expansion of railway infrastructures
Morocco, which has inaugurated last Thursday Al Boraq TGV, the first in Africa, has embarked on large-scale programs to develop its transport infrastructures and other […]