News Archive

East African: Regional firms in list of continent’s most valuable brands

A recent report by AfricanFinancials Group titled Sub-Saharan Top 30 Equity Valuation shows that eight East African listed firms, ...

Africa: Afreximbank launches USD 1 billion transit guarantee scheme

African Import-Export Bank has launched a USD 1 billion transit guarantee scheme covering the Common Market for Eastern and ...

Africa: Continent will reach 3.4 percent economic growth in 2021

The African Development Bank expects Africa to recover from its worst recession in 50 years and reach 3.4 percent economic growth ...

Nigeria / Morocco: OCP, Nigeria Sign Agreements to Advance Fertilizer Production Partnership

Morocco’s state-owned phosphate and fertilizer group OCP is moving forward with its commitment to assist the Nigerian ...

Ghana: Boost for exporters as Ghana, UK seal trade agreement

Ghana has signed a trade partnership agreement with the UK that will secure tariff-free trade and provides a platform for greater ...

UGANDA: Total, Eacop oil deal in high gear after call for bids

Uganda is keen on oil and gas deals through local content provisions after Total and the East African Crude Oil Pipeline invited ...

Kenya: British products get 25-year tax free entry in Kenya pact

Kenya’s trade pact with the UK will open the window for British companies to ship in finished and unfinished goods that exclude ...

Morocco: EU Removes Morocco From ‘Grey List’

The European Union has removed Morocco from the “grey list” of non-cooperative third countries, a decision which will make it ...

gas plant

Nigeria: NNPC set to build USD 3 billion methanol plant

Nigeria's bid to grow its domestic gas production has received a boost after state-owned oil firm Nigerian National Petroleum ...

Botswana: Effort to attract non-diamond exploration instesified

Botswana has intensified efforts to digitise and make geoscience information readily available to local and international ...

Nigeria: Banks seek new business away from treasury bills

Nigeria’s largest banks may be set to embark on a round of acquisitions as they seek to diversify their sources of income away ...

Africa: Continent’s diversified economies to rebound quicker

Sub-Saharan Africa will see a growth of 2.7 percent this year, a welcome rebound from the region’s first recession of 25 years ...

East Africa: Kenya joins Tanzania, Uganda in taxing digital transactions

Kenya has joined Tanzania and Uganda in taxing digital transactions on services offered through the digital marketplace including ...

Africa: CDC Group targets USD 1 billion in African investments

The CDC Group is planning about USD 1 billion in African investments this year in areas particularly focused on accelerating its ...

Tanzania: USD 1.32 billion China support secured for SGR

Tanzania has signed a USD 1.32 billion contract in Chinese support for the ongoing construction of the standard gauge railway as ...

East Africa: FDI records double digit growth with China as largest investor

EAC’s Trade and Investment Report, 2019, states that Foreign Direct Investments into East Africa surged to USD 11.5 billion in ...