News Archive

Kenya: tourism lobby draws up opening protocols during COVID-19

The tourism sector is working on four protocols that will ensure a safe reopening and maximum impact of a USD 56 million stimulus ...

Mozambique: Total secures USD 15 billion funding for Mozambique LNG

Total has reached a financing agreement with a consortium of banks, including the Rand Merchant Bank, to secure a USD 15 billion ...

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East Africa: EAC takes advantage of AGOA treaty to increase US exports

According to the latest US Trade and Investment with sub-Saharan Africa report, the East African Community members took advantage ...

East Africa: Region to Benefit from USD 500 million for locust invasion fight

The World Bank has approved a USD 500 million in grants and low interest loans to combat the natural threat of the region’s ...

Africa: Mobile money becomes lifeline as telecoms thrive in Covid-19 era

Mobile money and data have emerged as the lifeline in revenue growth for African-focused telecoms operators Vodacom Group and ...

Africa: Vodacom completes sale of operations in three African countries

Vodacom has completed the sale of its Business Africa operations unit in Nigeria, Zambia and Ivory Coast to Inq. Holdings, which ...

East Africa: Low crude oil prices to ease production costs in region

The drop in crude oil prices at the international market is set to ease pressure on widening current accounts, arrest a surge in ...

Tanzania: SGR project secures bulk of Ministry of Works budget

Parliament has approved USD 2.1 billion for the Ministry of Works and directed USD 950 million to be spent on the standard gauge ...

Africa: Safaricom sees Ethiopia deal opening gateway to Africa

Kenya’s largest mobile phone operator Safaricom is pinning its pan-African expansion plans on the Ethiopian market as the ...

Kenya: Turkana wind blows off electricity imports

The Lake Turkana Wind Power project has strengthened Kenya’s efforts to attain energy sufficiency, paving the way for reduction ...

Ethiopia: Africa’s Biggest Hydropower Dam remains a priority for Ethiopia

Despite the impact of Covid-19 on Ethiopia’s projects, the government has stated that it will not reprioritise filling of the ...

Guinea: Norgold invests in a new environment-friendly power plant

Nordgold is set to construct a 33MW power plant at Guinea’s largest gold mine that will reduce the fuel consumption for ...

Africa: DHL launches dedicated freight service

DHL has launched a 100-tonne weekly air freight service for organisations and governments shipping goods from China to Africa and ...

Uganda: Total acquires Tullow’s stake in Uganda’s oil sector

Total is set to pay USD 575 million for the acquisition of Tullow’s shares in Uganda, which accounts for 33.3 percent of the ...

Ethiopia: National carrier joins WFP to fight Covid-19

Ethiopian Airlines has secured a World Food Program contract to facilitate the supply chain of essential supplies and medicines ...

Tanzania: Construction of country’s first wind farm nears completion

The installation and testing of wind turbines is expected to be finalised by May, heralding the completion of Tanzania’s wind ...