South Africa to import 650 MW less power from Mozambique
South Africa’s state-run electricity provider, Eskom, said on Monday it will import 650 megawatt less power from Mozambique for a week due to planned maintenance […]
Mozambique
Tanzania’s new President sworn in
Tanzania’s new President John Magufuli was sworn into office Thursday, despite continuing disputes over the October 25 election. The inauguration ceremony was attended by several […]
U.S. allocates additional $300 Mln to fight HIV in Africa
The Obama administration is allocating an additional $300m to the effort to reduce HIV infection among girls and young women in 10 sub-Saharan African countries. […]
China Development Bank lends $ 2 billion to Transnet group
The South African logistics group Transnet announced it had obtained a loan of 30 billion rand ($ 2 billion) from the China Development Bank to […]
Equity Bank to open office in DR Congo
Leading kenyan commercial bank, Equity Bank plans to expand to Congo. The Bank’s banking group has announced that it would soon open office in DR […]
Mozambique recorded 9.6% growth in 2014
According to a statement released by the Mozambican government on the 11th February, the economy of the country has grew 9.6% in 2014, a higher […]
South Africa: Zuma visits Angola for strategic talks
President José Eduardo dos Santos of Angola welcomed his South African counterpart Jacob Zuma in Luanda as the two countries work towards boosting the relations […]
Mideast and Africa top Foreign Development Investment growth
It is expected that the Middle East and Africa will achieve strong growth of at least 10% in inward Foreign Direct Investment (FDI) per annum […]
Mozambique: Anti-retrovirus drugs factory starts activity
An anti-retrovirus medication factory started activity in Mozambique over the weekend. The plant, the first of its kind to be built in Africa, will initially […]