Monday, May 25, 2020
The Federal Executive Council (FEC) has approved immediate renegotiations of the East-West road contract with the handlers as well as its early construction of the Oron-Calabar segment. Usani Uguru Usani ,the Minister of Niger Delta lamented that over the years,...
African central bank leaders are currently discussing whether to hold the yuan as part of their foreign reserves, highlighting the Chinese money’s rise as one of the world’s major reserve currencies. Government officials from 14 African nations in eastern and...
The multi-asset Africa-focused energy and resource company, Kibo Mining has signed a Joint Venture Agreement (the Benga Power JV) with Mozambique energy company Termoeléctrica de Benga S.A. (Termoeléctrica) to construct and operate a 150-300MW coal-fired power station. The JV will...
Kenya has been ranked 9th globally in geothermal power generating capacity and leads in Africa with a generating capacity of 700MW according to the Renewable Global Status 2018 beating the famous technological heavyweight Japan who took position ten in...
Newly appointed Zimbabwean Finance Minister Mthuli Ncube would like to employ a “big bang” economic reform program to the battered economy where unemployment is running above 80 percent, but recognises politics will limit the speed for change. “My preference is...
$4.7 Billion Loan Will Now Support 16,700 American Jobs and Nearly Double Number of Identified U.S. Suppliers Media Contact Name/Phone: Office of Communications (202) 565-3204 WASHINGTON – The Board of Directors of the Export-Import Bank of the United States (EXIM) today unanimously...
NAIROBI (Reuters) - Kenya will not seek a suspension of debt payments under a G20 initiative aimed at helping poor countries weather the COVID-19 pandemic, its finance minister said on Friday, saying the terms of the deal were too...
By Alonso Soto May 15, 2020, 2:34 PM GMT+2 Updated on May 15, 2020, 6:16 PM GMT+2 Private creditors representing more than $9 trillion of assets under management formed a group to negotiate debt relief for African nations, warning of the risks of...
African flower producers are struggling as the Covid-19 pandemic disrupts supply chains and demand dries up amid national lockdowns 14 MAY 2020 - 05:00 CARIEN DU PLESSIS On her company’s farm in the fruit-growing Breede River Valley in the Western Cape, Adene...
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