Kenya Pipeline Company has secured a $350million (Sh35.6 billion) loan to finance the construction of a new 450-kilometre oil pipeline from Mombasa to Nairobi. The state owned oil distributor will.
Spain has emerged one of the biggest importers of Nigeria’s crude with its 2014 purchase worth €6.5 billion representing 14 percent of Spain’s gas consumption, and eight percent of its.
Kenya’s shilling weakened to a new 3-1/2-year low against the dollar on Monday, hurt by demand for the U.S. currency from energy and manufacturing sectors. At 0635 GMT, commercial banks.
Honda Automobile Western Africa, a wholly-owned subsidiary, yesterday said that it had begun local assembly of the Accord Sedan in Lagos, Nigeria. Initial Accord annual production capacity is 1,000 units.
The mammoth Mall of Africa, due to open for business in April next year, will be the crowning glory of South Africa’s strong shopping centre industry. The country already ranks.
By Steven Kuo JOHANNESBURG – China’s interest in Africa is often said to come on the back of colonial aspirations. Newspaper headlines scream that Chinese firms, backed by the powerful.
According to the World Bank, Sub-Saharan Africa is projected to remain one of the fastest growing regions in the world. While Africa’s economy is soaring past most regions with an.
Volkswagen Automobile Group has reopened its auto assembly factory on the Badagry Expressway, Lagos, after 20 years of suspending operations in the country. According to the German automaker, the reopening.
Africa Oil announced the news after an independent assessment of the firm’s contingent resources in the South Lokichar Basin located in Blocks 10BB and 13T in the East African country..
The International Monetary Fund (IMF) says Tanzania’s macroeconomic performance remains strong with favourable medium-term prospects. The country has however seen a recent weakening in its economy due to delays in.
