East Africa : Maersk expects 10% Freight Growth
The Danish shipping company A.P. Moeller-Maersk A/S freight volumes is expected to grow by 10 percent in the East African region this year due to the acceleration […]
Month: July 2015
Energy: Egypt signs deals with Russia’s Rosneft
Egypt’s government signed on Tuesday two initial deals with Russia’s top oil producer Rosneft to import petroleum products and LNG cargoes. Rosneft Chairman of the […]
Kenya: Uchumi Supermarkets to close underperforming branches
Uchumi, the oldest supermarket chain in Kenya could shut down some of its underperforming branches resulting in job losses as it restructures its business, the […]
IMF expects Namibia economy to grow by 5% in 2015
As global economic conditions remain weak with no clear signs of a significant recovery expected soon, the Namibian economy remains relatively resilient, while inflation remains […]
Côte d’Ivoire signs concession deal for Abidjan urban rail line
Côte d’Ivoire has launched massive upgrades to its roads infrastructures and the government in this vision signed on Monday a concession agreement with France’s Bouygues […]
Tanzania jails former finance and mining ministers
Two former Tanzanian ministers were sentenced to three years in jail after they were found guilty of issuing illegal tax exemptions to a gold audit […]
Seychelles: Inflation at 4.3 pct in June, Tourism Board forecasts 5% growth
Seychelles’ inflation rose to 4.3 percent year-on-year in June from 4.0 percent a month earlier, official data showed on Wednesday. Month-on-month inflation stood at 0.5 […]
Orange to connect Benin and Canary Islands with submarine cable
Orange (formerly France Telecom), together with the other members of the ACE consortium, has announced the launch of the ACE cable in Cotonou, Benin and […]
Algeria accuses U.S of “simplistic” and “wrongful” reporting
The Algerian foreign ministry has slammed a report from the U.S State Department that criticized the North African country’s human rights records. The ministry said […]
Egypt: ‘Freedom of press in danger under draft anti-terrorism law’, press syndicate
The Press syndicate in Egypt went public on Monday to denounce the new draft anti-terrorism law which, they say, will jeopardize the freedom of press […]