Most Recent News

ITFC, Egypt Sign $3b Framework Agreements

The International Islamic Trade Finance Corporation (ITFC) has recently announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the.

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Chinese Bank signs a $500-million agreement with Afreximbank to aid Infrastructure in Africa

China Development Bank (CDB) has, signed an agreement providing a $500-million facility to the African Export-Import Bank (Afreximbank) to enable the African trade finance bank support trade enabling infrastructure projects.

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Kenya Launches Project to Enhance Infrastructural Development

The $150 million project has been awarded to Hass Consortium-GVR Infra Limited, Shandong Hi-Speed Nile Investment Company and Stanbic Bank of Kenya who signed an indicative term sheet for the.

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Kenya Red Cross, Safaricom Launch SMS Warning Tool

The Kenya Red Cross Society in partnership with Safaricom has introduced an SMS based information tool to provide timely early warnings for disasters and reduce the adverse effects on communities..

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East Africa Metals receives Approval to Commence Work on Ethiopia Gold Projects

East Africa Metals Inc. has received Draft Model Agreements from Ethiopia’s Ministry of Mines, Petroleum and Natural Gas for the company’s Mato Bula and Da Tambuk Projects, located in the.

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Eni Announces Gas Discovery in Egypt

Eni has announced a gas discovery in the Egyptian Western Desert. The discovery well has been drilled on the Faramid South exploration prospect located in East Obayed concession, 30 km.

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Equatorial Guinea: Government Launches 2019 Energy Initiative to Strengthen Development

The Government of the Republic of Equatorial Guinea has launched the 2019 Year of Energy initiative, shining a light on new and innovative petroleum projects in Equatorial Guinea and assembling.

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NNPC Proposes the Establishment of two Condensate Refineries

Nigerian National Petroleum Corporation says it will establish two condensate refineries with a total refining capacity of 200,000 barrels per day. Mr Ndu Ughamadu, NNPC spokesman made this disclosure in.

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United Kingdom Announces £20 million Job Creation Programme for Ghana

Harriett Baldwin, minister for Africa at the Foreign and Commonwealth Office and the Department for International Development, has announced a major new jobs creation and investment programme during a visit.

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AfDB, others launch $58 million off grid Energy Access Fund

The Off-Grid Energy Access Fund (OGEF) had its first close with committed capital of $ 58 million from the African Development Bank, the Nordic Development Fund, the Global Environment Facility,.

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