Most Recent News

African Development Bank to Facilitate Senegal’s Development Strategy

The Board of Directors of the African Development Bank has approved a partial credit guarantee for the Republic of Senegal to help hedge currency risk arising from Eurobonds. This innovative.

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Meet the African lady who wrote a letter to Chinese President Xi Jinping

On August 28, two months after Hannah Getachew and other students from Ethiopia wrote a letter to Chinese President Xi Jinping on behalf of the youths from 43 countries attending.

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China-Africa Education Scheme Helps Train Students, Teachers for Mechanical Engineering

On the campus of Kenya Technical University in downtown Nairobi, students from a number of African countries can be seen busy operating computer numerical control (CNC) machines made in China..

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A Chinese Family Tradition in Support of the “African Dream”

Twenty-five-year-old Li Shangyi remembers his grandfather’s stories about Africa in the 1970s when Grandpa Li was stationed in Tanzania for construction of the Tanzania-Zambia Railway. Some 40 years later and.

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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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