Uganda: Salaam Bank Launches First Islamic Bank
In Uganda, Salaam Bank Limited, a unit of the Djibouti-based Salaam Group, commenced operations on Wednesday as the nation’s inaugural Islamic banking-compliant financial institution, as […]
investment
As EU-Kenya inch closer to finalizing EPA, EAC regional bloc eyes new trade partnerships
Just as Kenya in inching closer to concluding a preferential trade deal with European Union, a similar deal between the East African Community’s (EAC) and […]
DRC and China renegotiate mining ‘contract of the century’, thus averting relationship rift
The Democratic Republic of Congo (DRC) government has noted it had finally resolved the 16-year dispute over a controversial mining deal between it and China […]
TotalEnergies ready to invest six billion dollars in Nigeria
TotalEnergies CEO Patrick Pouyanné met Nigerian President Bola Ahmed Tinubu on Monday. The French giant said it was ready to invest “six billion dollars over […]
Angola inaugurates second phase of 39ME gas project in Soyo
Sonangol inaugurated Thursday December 14 the second phase of the Falcão project, an investment of 42.8 million dollars (38.9 million euros) that will supply gas […]
Angola plans to invest 16.3 billion euros to electrify half the country by 2027
Angola plans to reach an installed capacity of 8,000 megawatts and an electrification rate of 50% by 2027, which will require an investment of 17.2 […]
Tanzania pays $30 million to Winshear to settle dispute
Winshear Gold Corp reports that it has successfully concluded the settlement agreement with the United Republic of Tanzania (“Tanzania”) (collectively the “Parties”) in relation to […]
President of Mozambique calls for Vietnamese investment in the country
President of Mozambique Filipe Nyusi received the Vice President of Vietnam, Võ T. Ánh Xuân, as part of his four-day working visit to Mozambique, “to […]
Mali’s junta adopts new mining law to boost state revenues
Mali has adopted a new mining code allowing the military-led government to increase ownership up to a 30% stake in new mineral projects and collect […]
Togolese State acquires minority stakes in Lome-based ASKY
The government of Togo acquired on Monday 14.39% stakes of Ethiopian Airlines-backed airline Asky operating from the Togolese capital Lome for a total investment of […]