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Egypt Begins First Steps in Becoming Regional Energy Hub

In November, Egypt will switch on the power for an electrical grid pilot project providing 300MW of power to Sudan. That’s just the beginning for its grand plans ahead.

Dominance of Small Farming in Africa Makes Transformation a Major Political Challenge

With millions of small family farms growing most of the African continent's food, it is going to take a strong political commitment to drive more rapid production and income of this critically important sector of the economy.

New Bond Fund To Reduce Africa's Dependence on Foreign Currency Denominated Debt

The African Domestic Bond Fund (ADBF) was just launched as the first multijurisdictional fixed income Exchange Traded Fund (ETF) on the continent. A major benefit of the fund will be to reduce the need for foreign currency denominated debt.

30% of Ghana's Power To Come from LNG Thanks to Russia and China Partnerships

The first regasification terminal plant in Sub-Saharan Africa is about to begin construction in Ghana.

Egypt Stays Number One in RMB Rankings of Top Places to Invest in Africa

South Africa based Rand Merchant Bank's (RMB) latest rankings of the top places to invest in Africa focused on economic activity and the environment to operate. Surprisingly, despite an increasingly repressive government regime, Egypt has still retained the top spot on the continent.

Ethiopia To Invest $43M to Improve and Expand Road Infrastructure

Ethiopia, the fastest-growing economy in Africia, is investing US $43 million in a major set of road projects as a means of attracting new companies to the region and lure further investment.

New Angolan Law Removes Barriers to Private Investment, Paves Way to Economic Diversification

According to South Africa based HTI Consulting, a new Private Investment Law just approved by the National Assembly in Angola should pave the way to increased investment in tourism and the hospitality sectors -- and diversification from a country too dependent on its oil industry.

Ivory Coast Cashew Industry Suffering from Low Prices

Côte d'Ivoire, the world’s largest producer of cashews, could see a major shortfall in export sales for the import crop as prices fall significantly this year and farmers are unable to accept current low prices.

Nigeria Off-Grid Energy Access Fund Receives $58M from AfDB

The African Development Bank has authorized the release of $58 million for the Off-Grid Energy Access Fund (OGEF) in Nigeria.

Uganda Pulls Constitutional Amendment Legislation to Allow Government to Seize Land

After many complaints from opposition and civil society leaders, the government of Uganda has formally withdrawn a bill which would have allowed it to acquire land from private owners – even without their approval.

Morocco and China Partner to Bring Chinese Investments into the Continent

The BMCE Bank of Africa of Morocco just signed a partnership agreement with the China-Africa Business Council, to help bring in more Chinese investment throughout Africa.

Gabon Confirms Chinese Investment In Major Hydro Power Project

It is now official that Chinese energy firm Tebian Electrical Apparatus (TBEA) will be investing in a new 70MW hydroelectric power project in the country.

PwC Says Gaming Industry Will Be Key to Improved Economic Growth Across Africa

PricewaterhouseCoopers's (PwC)'s Pietro Calicchio, Leader of the Hospitality and Gambling Industry practice for PwC in South Africa, named the gaming industry as an important contributor to improving economic growth across Africa.

New 400kV Line Connecting Northern Wind Power Plant to Central Kenya Now Complete

A new high-voltage power line which connects a 310 MW northern wind power facility to central Kenya is now fully operational.

Sasol's Share Ownership Scheme for Black Staff Triggers Threat of Strike

South African petrochemicals firm Sasol has been targeted by its workers union over an allegedly racist scheme for company ownership.

Zimbabwe Develops Plan to Deal with Potential El Nino

Faced with the potential of a major El Niño ahead, the government of Zimbabwe is taking serious action to protect the country for potential agricultural shortfalls which might happen.

South Africa Dips into Recession For 1st Time in Almost A Decade

For the first time in over 9 years, South Africa’s trade and industrial activities have gone down for two quarters in a row. This makes it officially in recession.

Egypt Finds New Way to Crush Dissent with Social Media Law

The Egyptian government just announced a new regulation that is even more restrictive on potential dissidents in the country.

Volkswagen to Build Assembling Plant in Ghana

German Chancellor Angela Merkel made the surprise announcement that automaker VW will be building a car assembly plant in Ghana in the near future.

Nigeria to Receive $328M from China for ICT Infrastructure

President Muhammadu Buhari of Nigeria will be signing a historic financing agreement with Chinese President Xi Jinping this week, to support building Nigeria’s nationwide Information and Communication Technology Infrastructure Backbone Phase 1 (NICTIB 11) project.

Libya Announces State of Emergency

On September 2, the UN-supported government of Libya declared its capitol city, Tripoli, in a state of emergency after continued fighting between different factions.

Long-Awaited Tanzania-Zambia Railway Authority Flyover in Dar es Salaam Almost Complete

A critical infrastructure project which will benefit all of Tanzania is now estimated at 98% complete.

Rwanda Unveils First of Many New Affordable Housing Projects

Rwanda Development Bank (BRD) just announced a new housing project which will likely be the first of many to address the serious shortage of affordable housing in the country.

FAO and AfDB Form Strategic Alliance in $100M Fund Raise to End Hunger, Grow Economies

The Food and Agriculture Organization (FAO) and the African Development Bank (AfDB) have formed a strategic alliance to raise up to $100 million of five years, as part of a fund to catalyze agriculture sector investments in Africa to end hunger and increase economic prosperity for all.

Knowing What the Weather Will Be Is Making A Major Difference in Zambia

Smallholder farms in southern Zambia are learning how harnessing information about the weather can dramatically transform their success.