Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the...
Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coalbusiness into a standalone...
Finnfund, a Finnish development finance company, has invested $6m in Jumo, a financial services platform providing mobile financial services in emerging markets. Finnfund’s investment, which takes the form of a debt instrument, will support Jumo’s expansion in Africa and Asia...
The largest airport in Senegal will open its doors on December 7, after more than a decade of development and delays. Blaise Diagne International (AIBD) will have initial capacity for three million passengers per year, rising to 10 million per...
Droppa, a South African on-demand logistics startup, revealed on Monday 27 November 2017 that it is planning to expand to Cape Town and Durban in 2018 having established a decent foothold in Johannesburg, Tshwane and Ekurhuleni since its launch in...
Namibia’s ruling SWAPO party elected Hage Geingob as its president at the weekend, the party said on Monday. He has previously been its acting president. Geingob, president of Namibia since 2015 but acting president of the ruling party, won 574...
Gradual economic growth, changing lifestyles and the need for reliable modern energy access is expected to require actual energy supply to be at least doubled by 2030. For electricity it might even have to triple. Affordable energy remains a central...
The 4th Global Business Forum on Africa, organised by the Dubai Chamber of Commerce and Industry, has called for increase in investment flows between the UAE and Africa in several key sectors, including trade, financial services, logistics, and tourism. A...
Fusion Capital, a Kenyan-based private equity firm with a focus on property and real estate, has urged African governments and private sector stakeholders to invest in modernizing agriculture in order to ensure economic growth across the region. The company has...
Many African countries have made significant progress towards creating an Internet sector, with broad reforms that focus on increasing broadband availability. There have been further successes within countries in developing online platforms, fostering growth of local companies and increasing...
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