[[{"value":"The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $15 million trade finance package for First Capital Bank (FCB) in Zimbabwe to help bolster intra-African commerce in line with the goals of the Africa Continental Free Trade Area. The package, comprising a $7.5 million trade finance line of credit and a $7.5 million transaction guarantee, is expected to catalyse about $146 million in trade over […]

[[{"value":"African Export - Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$ 30 Million financing facility to Joyau Des Caraibes Limited (JDC); the Caribbean subsidiary of ORA Developers, for the expansion of Silversands Hotel in St. Georges, Grenada. Silversands Hotel is part of a luxury chain of hotels owned by ORA Developers, an Egyptian firm renowned for designing and developing luxury lifestyle destinations in unique locations around the world. Grenada is a […]

[[{"value":"Egypt is looking at the possibility of merging its petroleum and renewable energy ministries, creating an integrated Ministry of Energy to streamline industry operations and regulations. Mohamed Fouad, CEO of Egypt Oil&Gas, Secretary General of the Egyptian Gas Association and Marketing&Communications Committee Chairman of the International Gas Union, told an audience at the Invest in African Energy (IAE) Forum in Paris that the merger will “make discussions and open dialogue […]

[[{"value":"On Tuesday, May 14, 2024. Deputy Prime Minister and Foreign Minister Fuad Hussein, met with Minister of Foreign Affairs of the Arab Republic of Egypt, Mr. Sameh Shoukry, on the sidelines of the foreign ministers’ preparatory meeting for the Council of the Arab League at the 33rd Arab Summit in the Kingdom of Bahrain. During the meeting Minister Fuad Hussein, praised the integration of the relationship which started to develop […]

[[{"value":"First production from the Sangomar oilfield development in Senegal is expected to start in the coming days, said national oil company (NOC) Petrosen. Representing the country’s inaugural offshore oil development, the project will produce 100,000 barrels per day (bpd). Speaking at the Invest in African Energy Forum in Paris, Thierno Seydou Ly, Director General of Petrosen, said “We started development in 2020, and today, we are around 97% complete. We […]

[[{"value":"Turkish Cooperation and Coordination Agency (TİKA) established a fish farm in the city of Maroua, located in the Far North Region of Cameroon. TİKA established 3 fish ponds and provided material support to enhance the production capacity of the fish farm operated by the cooperative “SCOOPS Agros Pisciculteurs Du Sahel”, which has been carrying out fishing activities using traditional methods in the region for 15 years. Türkiye’s Ambassador to Yaoundé, […]

[[{"value":"President William Ruto has asked the Kenya Defence Forces (KDF) to help the country tackle the climate change phenomenon. The President noted that climate change was the biggest threat to the country’s development and prosperity. Speaking during the pass-out parade for KDF officers at the Defence Forces Recruit Training School in Eldoret, Uasin Gishu County, on Wednesday, he said he was confident that the military was up to the task […]

[[{"value":"The World Bank has released today a comprehensive report on the state of the digital economy in Djibouti. The report, titled "Djibouti Digital Economy Diagnostic” looks at challenges and opportunities in the country’s digital landscape, the importance of digital infrastructure development, the need for improving broadband access and affordability, and the digital skills required for socio-economic development. It also highlights the importance of telecommunications and data infrastructure development, digital platforms, […]

[[{"value":"The Vice President, Dr Mahamudu Bawumia, has challenged African leaders, Fintechs particularly those in Africa, and financial institutions to take advantage of the many unique opportunities on the continent to collaborate, innovate and explore opportunities to positively impact the lives of the continent’s people. Speaking on the topic “Digitising Economies In Africa: A Future Imperative” at the ongoing 3i Africa Summit in Accra on Tuesday, May 14, 2024 Dr Bawumia […]