Renault Invites Korean Steelmaker Posco to Invest in Morocco
23/11/2018Renault made the offer to Posco “in early 2017 as part of its strategy to diversify its sources of steel,” a source acquainted with the affair told the South Korean.
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European Investment Bank signs €200 million loan deal with Afreximbank to support job creation
23/11/2018The European Investment Bank has signed a new fifteen-year EUR 200 million loan agreement with the African Export-Import Bank (Afreximbank), aimed at supporting trade-related productive investments, including in renewable energy.
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Business & Economy
CISI partners with NSE to reinforce finance professionals in Africa
23/11/2018The Chartered Institute for Securities & Investment (CISI) announced a new partnership with the Nigerian Stock Exchange (NSE) to provide training for CISI qualifications in Nigeria, under the auspices or.
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Business & Economy
Huawei invests in transforming the City of Ekurhuleni into a South African smart city pioneer
23/11/2018The City of Ekurhuleni (COE) is an important industrial center in Gauteng, which is South Africa’s most economically developed province. With an area of 1,975 km2 and a population of.
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Business & Economy
African Development Fund approves $322 million for road upgrading projects in Burundi and Tanzania
23/11/2018The Boards of Directors of the African Development Bank Group have approved S$322.35 million loans and grant to Burundi and Tanzania to finance the Rumonge-Gitaza (45 km) and Kabingo-Kasulu-Manyovu (260.
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Business & Economy
African Gold Group announces $1 million private placement to develop Mali project
23/11/2018Exploration and development company African Gold Group intends to complete a best efforts non-brokered private placement financing of up to 20,000,000 units at a price of $0.05 per Unit for.
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Business & Economy
Angola mulls liberalizing petroleum products import market
23/11/2018The oil sector will soon liberalize, in its entirety, the market for importing petroleum products into the country to oil companies interested in the business. So far, the market opening.
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Business & Economy
Orange and MTN launch pan-African mobile money interoperability
23/11/2018Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group have announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable payments across the.
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Business & Economy
European Investment Bank commits €50 million to support Nachtigal hydropower plant
23/11/2018The European Investment Bank has announced its strong support for the construction of a 420-MW hydropower project in Cameroon. The EIB will provide a EUR 50 million long-term project finance.
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Business & Economy
BP to invest $1 billion in South Africa,including refinery upgrade
22/11/2018BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery.
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