Saturday, September 22, 2018
The Government of Uganda is set to receive a boost to its energy sector after India has offered a loan of US $141m to help the East African country expand its electricity distribution infrastructure. According to Ugandan President Yoweri  Museveni,...
New York-headquartered computing firm Soluna, is building wind-powered blockchain computing infrastructure in Morocco, to bring a clean and sustainable alternative to the current cryptocurrency mining approach. The firm plans to develop its own 900MW wind farm power plant in Morocco...
A giant refrigerator will replace the village Jonas Alide Saide has called home for 70 years and he’s not happy about it. As Mozambique’s plans to export natural gas gather pace, Saide’s northeastern settlement of Quitupo will make way for...
The Group Chief Executive Officer, Dangote Cement Plc, Joe Makoju, has said the company has invested a sum of $3bn to build manufacturing plants and import/grinding terminals across Africa. The company’s operations are in Cameroon (1.5 metric tonnes per annum...
https://www.youtube.com/watch?v=eL5Gwakfers&app=desktop
The New Development Bank plans to lend as much as $600 million more in South Africa this year in an effort to spread funding more evenly across its five member states. The lender, backed by Brazil, Russia, India, China and South Africa,...
The Board of Directors of the African Development Bank on Wednesday, 18 July  2018, approved an unfunded US$ 250-million Risk Participation Agreement with ABSA Bank Limited. This Risk Participation Agreement housed within African Development Bank’s Trade Finance operations will enhance...
Cameroon is set to receive US $794.5m for the construction of 420 MW Nachtigal hydroelectric project after the World Bank approved of the investment package. According to World Bank country director for Cameroon, Elisabeth Huybens the investment in the clean energy...
When Ivory Coast put out a tender to build a bridge over the lagoon in its commercial hub of Abidjan, 10 out of the 18 companies that expressed interest were either Chinese firms or in partnership with them. China...
The Nigerian Sovereign Investment Authority (NSIA) recently released its 2017 financial report. One of the takeaways from that report is that net profit took a turn for the worse falling from N149 billion to N27 billion representing a decrease...

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