Sunday, February 17, 2019
It is without doubt that China is an emerging superpower, a position currently occupied by the United States of America. China’s rising power, politically and economically is evident in all aspects of the global economy. China’s rising global stature has...
Ethiopian Airlines has announced that it has completed the deal to purchase a 49 per cent stake in new Chadian Airlines. In the joint venture, the government of Chad will retain 51 per cent. The new Chadian flag carrier is set...
The federal government of Nigeria has signed a US $6.7bn contract agreement for the Ibadan-Kaduna segment of the Lagos-Kano rail line with China Civil Engineering Construction Corporation (CCECC). Commenting on the signed agreement, Yetunde Sonaike, Press Director, Federal Ministry of Transportation stated that the Minister of...
2017 was a slow year for M&A deals across Africa. Instability, lack of regulatory clarity and weak economic fundamentals in the continent’s biggest markets in particular worked to limit investor confidence. Meanwhile, increasing concerns over ethical and compliance considerations...
A consortium of Chinese firms is racing against time to complete the construction of Lake Turkana Wind Power line on time. The firms will connect the Lake Turkana Wind Power project to the national grid by August 31 otherwise...
Barclays Africa Group Ltd. may halve the number of top jobs at its South African retail and business bank as it reorganizes after its British parent cut its stake, according to a person familiar with the matter. The Johannesburg-based lender started...
As Africa joins the rest of the world to commemorate International Migrants Day today, the African Development Bank (ADB) has called on countries in the continent to reconstruct rural areas from zone of economic misery to that of prosperity. ADB...
South Africa and Rwanda are set to receive US $500m from the African Development Bank (AfDB) to help fund the upgrade and expansion their power grids, in line with the AfDB ‘High 5s’ programme which aims at tackling  the power  problem by...
The world’s three largest oil traders are competing to buy the African arm of Brazil’s Petrobras (PETR4.SA) that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting...
Malawian-based independent power producer, JCM Matswani Solar Corp, seeks to develop a 40MW solar photovoltaic (PV)project. The power producer has issued a Request for Expression of Interest, to select EPC contractors for the solar PV project to be located in the...
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