Fuel consumption drops by over 20% after price hike in Zimbabwe
In Zimbabawe, fuel consumption has declined by 35 million liters following the January fuel price hike announced by President Emmerson Mnangagwa. According to the Governor […]
Business
Luanda refinery to quadruple gasoline output by 2021
A partnership agreement between Angola’s national fuel company, Sonangol, and Italian multinational oil company, Ente Nazionale Idrocarburi (ENI), will augment the Luanda Refinery’s gasoline output […]
Chad, Sierra Leone gearing up for energy revolution
The Government of Chad last weekend sealed an agreement with Amea Power for the construction of a 120 megawatts (MW) solar power plant in the […]
Zambia eyes $500 million bond to pay power bills
Zambia plans to launch a $500 million bond program to settle arrears to independent electricity providers, according to Bloomberg. The bond program has been structured […]
Nissan to set car assembly plant in Algeria
Japan’s second largest car maker Nissan Motor Co has announced it will launch a car assembly plant jointly with a local partner in view of […]
Rabat Appreciates Adoption by EU Parliament of Morocco-EU Fisheries Deal
The European Parliament adopted Tuesday with a resounding majority the new fisheries agreement with Morocco, including the Sahara, a historic vote which prompted the appreciation […]
South Africa launches continent’s most advanced nanosatellite
South Africa has successfully launched into space the continent’s most advanced nanosatellite to date – the ZACube-2. The ZACube-2 will provide cutting edge remote sensing […]
Guinea-Bissau needs ‘genuinely free and fair elections’ to break cycle of instability
Unless political actors in Guinea-Bissau demonstrate renewed good faith to hold “genuinely free and fair elections,” the country is set to face a continuous cycle […]
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. […]
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 […]