Thursday, November 15, 2018
South Africa’s power utility Eskom Holdings, is set to expand its transmission network after the African Development Bank (AfDB) approved a US $218m loan to help fund the upgrade and expansion of its transmission facilities. The funding will consist of...
Free trade is increasingly coming under fire by populist leaders. President Donald Trumphas been accused of starting a global trade war after imposing higher tariffs on steel and aluminum products, a move that prompted some of America's biggest trading partners...
New analysis finds G20 countries are investing heavily in fossil gas in direct contradiction  with Paris Agreement goals they have agreed to, according to a report titled ‘Debunked: The G20 Clean Gas Myth’. The report finds that G20 countries, in the absence...
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...
Considering the strong growth in mobile subscription and mobile broadband across West African countries, Nigeria inclusive, a new GSMA study, which was released at the recently concluded Mobile 360 African Forum in Abidjan, Côte d’Ivoire, has predicted that the mobile industry in...
South African President Cyril Ramaphosa appointed former central bank Governor Tito Mboweni as his finance minister on Tuesday, replacing Nhlanhla Nene, who lied about his meetings with three businessmen accused of plundering state funds. Mboweni, the nation’s fifth finance chief...
Aliko Dangote has made a fortune out of cement and food processing. Now, Africa’s richest person is embarking on a bigger challenge: a $15 billion investment in oil, gas and petrochemicals that could, if he pulls it off, transform Nigeria’s...
Canada’s Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world’s largest gold producer in an industry under investor pressure to put capital to...
South African state-owned power utility Eskom, has announced that its planned interruption of bulk supply to Khai Ma Local Municipality has been suspended after a sustainable payment agreement has been reached.    “Interruptions due to non-payment of Khai Ma Local Municipality’s...
Ethiopian President Mulartu Teshome inaugurated the Reppie waste-to-energy facility, Africa’s first waste-to-energy facility set up in the country. President Mulatu during the inauguration event said investment in energy projects is crucial if Ethiopia is to achieve its aim of becoming...
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