Month: September 2024

 Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced the issuance of an inaugural domestic dollar bond from the Federal Government of Nigeria (FGN), raising US$900 million and marking a significant milestone in the country's economic development. AFC acted as Global Coordinator on the first-of-its-kind issuance for Nigeria’s capital market. The bond which was issued at par has a tenor of five years and carries an […]

 In September this year, Angola's National Oil, Gas&Biofuels Agency (ANPG) and national oil company Sonangol initiated a 45-day geological data acquisition campaign (https://apo-opa.co/4e13vjI) in the onshore Kwanza Basin. This effort aims to delineate the basin's hydrocarbon potential, which remains largely unexplored. The resulting data will provide valuable insights, supporting future investment decisions by exploration and production (E&P) companies in the region.   Despite being a largely-established oil and gas market, […]

 The devastation caused by extreme flooding ravaging South Sudan is easy to see while travelling on the treacherous road to Yirol. Entire communities have been wiped out. Their tukuls are submerged in rapidly rising waters and few salvaged belongings are scattered across whatever high ground they can find. Not only are these communities coping with their own crisis, but they are also trying to accommodate thousands of flood-stricken displaced people […]

 Railway operator Lobito Atlantic Railway exported (https://apo-opa.co/4e3BWX2) its first shipment of copper from the Democratic Republic of the Congo to the U.S. in August 2024, strengthening Africa's contribution to the growing global demand for the critical mineral. With the global copper supply gap projected to reach 10 million metric tons by 2030, African projects are poised to play a crucial role in addressing the shortfall. As such, the upcoming Critical […]

 In yet another milestone, Liquid Intelligent Technologies (www.Liquid.Tech), a business of Cassava Technologies, a leading technology company of African heritage, has announced the upgrade of its 1,300km fibre route connecting Kenya’s east coast city of Mombasa to Busia on the Ugandan border, bringing additional multi-terabit capacity and additional resilience to the region.   This high-speed route and the upgrades to the existing routes between Kenya and Uganda enhance digital connectivity while […]

 The Portfolio Committee on Tourism today met with the National Empowerment Fund (NEF) and the Small Enterprise Finance Agency (SEFA) to discuss the different tourism development programmes the two entities are implementing on behalf of the Department of Tourism. The NEF gave an update on the Transformation Fund, a funding initiative targeting tourism businesses in previously disadvantaged communities. The entity’s Acting Chief Executive Officer, Mr Mzwamadoda Dayimani, explained that the […]

 The Portfolio Committee on Home Affairs has unanimously resolved that a proposed draft motion in respect to regulations governing the maximum amount of a donation that can be accepted and the threshold amount of donations that must be disclosed must undergo a public participation process to ensure that it is reflective of the will and views of the people. The draft motion tried to remedy a lacuna in the Electoral […]