Most Recent World News

Afreximbank, CDC Group sign $100m master risk participation agreement

The African Export-Import Bank (Afreximbank) and CDC Group have, in Casablanca Morocco, signed a $100-million master risk participation agreement to support Afreximbank’s Trade Facilitation Programme. Under the terms of the.

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Africa agribusiness, a $1tr business by 2030

As project sponsors, borrowers, lenders and investors gathered at the Africa Investment Forum to make deals on investment opportunities, leaders of the continent’s top agribusiness companies shared their thoughts on.

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Telkom Kenya appoints Mugo Kibati as its new CEO

Telkom Kenya has appointed Mr. Mugo Kibati as its new Chief Executive Officer. Mr. Kibati is the immediate former Group CEO of Sanlam Kenya PLC and has held other senior.

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Kenya targets green energy sufficiency by 2020

Kenya targets to attain 100 per cent transition to green energy by 2020 as it scales up investment in renewable energy to address the climate change challenge concretely, President Uhuru.

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Africell receives $100 million from OPIC to grow foothold in Uganda and DR Congo

The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and Africell Holdings Limited have signed a commitment letter for $100 million to expand access to telecommunications in.

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Vlisco proposes $200m investment in Nigeria

Vlisco Group, a Dutch clothes firm, has proposed an investment of 200 million dollars by the company in Nigeria, which would, in turn, create 700,000 jobs. President Muhammadu Buhari has.

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Egypt launches first regional entrepreneurship centre

Egypt’s Minister of Investment, Sahar Nasr, is set to lay the cornerstone of the first regional entrepreneurship centre in the framework of Egypt Entrepreneurship Summit 2018. The Egyptian government works.

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Ethiopia Ranks as Africa’s Fastest Growing Economy in 2019

Ethiopia will grow 8.5 percent this fiscal year, which will end on July 7, 2019, according to the economic outlook for Africa, published by the International Monetary Funds (IMF). The.

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Nigeria’s daily oil production falls to 2.09 million barrels

The nation’s oil production, including condensate, declined by about 70,000 barrels per day to 2.09 million bpd in October, compared to the preceding month, new data from the Ministry of.

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Rwandan agri-preneur lands $2 million chili export deal

Diego Twahirwa, a young Rwandan agribusiness entrepreneur, has secured a deal to export 1,500 drums (barrels) containing 37,500 litres of chili oil for $2 million (about Rwf1.7 billion). Supply will.

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