News Archive

Tanzania: Growth prospect entices EABL to increase stake in Dar brewer

Regional beer giant East African Breweries is expected to spend at least USD 18.7 million to purchase an extra stake in Serengeti ...

Africa: Apple expands its support to African markets

Apple has announced the launch of its virtual platform App Store across 20 new countries in Africa and Euroasia as part of its ...

Nigeria: Domestic production boosted by USD 1 billion capital market fund

The Bank of Industry has raised an approximately USD 1 billion syndicated facility from the international capital market to ...

Ethiopia: Economic development plan receives USD 500 million backing

The World Bank has approved USD 500 million in funding to Ethiopia, intended to support the economic development plan of ...

Kenya: Gulf Energy shareholders receive USD 94 million in buy-out deal

The French multinational Rubis Energie has acquired Kenya’s Gulf Energy for around USD 94 million deepening its grip on the ...

Uganda: EU to foster trade ties and spur development

Over the next five years, the European Union (EU) is set to invest around USD 710 million in Uganda for trade and investment in ...

South Africa: IFC invests USD 200 million in LSE listed green bond

The Standard Bank of South Africa’s green bond is the largest of its kind in Africa and South Africa’s first such offshore ...

Kenya: Mahindra starts assembling vehicles

Indian automaker Mahindra has started assembling two commercial trucks in Kenya, becoming the latest global carmaker to start ...

Egypt: Eni, Naturgy clinch deal to reopen Damietta LNG plant

Italy’s Eni and Spain’s Naturgy have reached an agreement with Egypt to resolve a series of disputes over the Damietta gas ...

Zambia: AGR launches new agricultural funding scheme

The African Green Resources (AGR), has launched a USD 81 million financing programme to provide farm supplies and technology to ...

Ethiopia: Japan tech firms secure geothermal project

Japanese technology companies, Toshiba and Toyota have secured a deal for the engineering, procurement and construction of the ...

Malawi: NBM eyes majority stake in Tanzanian bank

In its bid to expand business operations, the National Bank of Malawi (NBM) has reached final stages to acquire a 75 percent ...

Uganda: Chinese firm to develop 500MW solar plant

The China Energy Engineering Group Company has announced plans to develop a 500MW photovoltaic power generation project, the ...

Angola: ANPG to bid for 50 new blocks for oil prospecting

Angola’s National Oil, Gas and Biofuels Agency plans to auction off 50 new oil exploration blocks as part of a strategy to ...

RDC : Avec General Electrics, les capitaux américains font leur grand retour dans le pays

Le géant américain General Electrics s’est engagé à investir plus d’un milliard de dollars US en RDC, principalement sur ...

Djibouti : Lancement d’un projet de parc éolien dans le Ghoubet

Premier du genre dans le pays et avec une capacité de production de 60MW, le futur parc sera notamment financé par Africa ...