Tuesday, September 25, 2018
ABDIJAN, Dec 9 (Reuters) - The African Development Bank said on Saturday it had approved a $100 million loan to develop a bauxite mine in northwest Guinea, as the West African country works to treble output by 2020. The money...
For bond investors, Africa’s been a happy hunting ground this year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust...
Shuttered stores, thinning crowds, empty parking lots, and retailers filing for bankruptcy. These are tough times for shopping malls and the major retailers who serve as their anchors. Product oversupply and the rise of e-commerce are squeezing margins, and...
The Danish power plant specialist Burmeister & Wain Scandinavian Contractor (BWSC), in consortium with MAN Diesel and Turbo (MDT), has been awarded US$150.26mn contract to build a 120MW gas-fired power plant in Benin The project entails construction of a whole...
Scientists at the University of Cambridge have discovered that fuel cells can be powered by living algae, which is five times more efficient than current models. According to a statement, it is thought they could one day be used to provide...
The Ayka textile group, a Turkey-based company, plans to invest CFA200 billion francs to open within the next six months a cotton processing plant in Burkina Faso, APA learned from reliable sources. According to the Turkish investor, the quality of...
A consortium led by Enel Green Power has been chosen as the preferred bidder to construct a 100MW solar photovoltaic (PV) plant in Metehara, Oromia, Ethiopia. The consortium, which also includes Ethiopian infrastructure firm Orchid Business Group, will invest around...
Nigeria has put in place plans to promote clean energy. Power for All, US Global Development Lab, Power Africa, USAID-Nigeria, as well as FHI360 – a new taskforce, will be driving access to modern, clean and affordable electricity. The collaboration...
Blended financing is an emerging method of development funding that is being widely adopted by members of the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD). In 2015, the UN proposed its Sustainable Development Goals,...
Angolan President Joao Lourenco dismissed his predecessor’s son as head of the country’s $5 billion sovereign wealth fund, state-owned Angola Press reported. Lourenco fired Jose Eduardo dos Santos’s son, Jose Filomeno dos Santos and the entire board of the Fundo...

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