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Gabon Special Economic Zone Recieves EUR 30M Grant for Operations

The Caisse des Dépôts et Consignations du Gabon (CDC Gabon) was granted an EUR 30 million revolving trade financing facility to support the operations of the tenants of the Gabon Special Economic Zone and to provide them with the capacity to export their products.

World Bank Awards Djibouti $20M for Improving Living Conditions for Urban Poor

Djibouti was just approved by the World Bank for a $20 million International Development Association (IDA) package to improve living conditions for the country's residents who are living in deprived urban regions.

Mara Introduces First Made-in-Africa High-End Smartphone

Major Rwandan high-tech IT firm and now technology manufacturer Mara just announced it is manufacturing the African continent's first fully made-in-Africa smartphone with high-tech specs.

Arab Bank for Economic Development in Africa Buys in to Another Major African Bank

The Arab Bank for Economic Development in Africa (BADEA), based in Khartoum, Sudan, has purchased an equity stake in the Eastern and Southern African Trade and Development Bank.

$5B in Infrastructure Project Funding Coming to Africa's Lusophone Economies

In a review held at the Africa Investment Forum 2018, the African Development Bank unveiled a new pipeline of over US $5 billion in private sector and public-private partnership projects for Lusophone countries on the continent.

Funding Approved For First Road-Rail Bridge Connecting Kinshasa and Brazzaville

The Democratic Republic of Congo and the Republic of Congo have signed a major agreement for the development and financing of the first road-rail bridge projects connecting the two country's capitals of Kinshasa and Brazzaville.

2018 Africa Oil and Gas Review Projects Positive Growth for the Industry

According to consulting group PwC's just-released annual Africa Oil & Gas Review, the outlook for the continent's oil and gas industry is favorable over the near term. The reason is the industry has been aggressively cost-cutting as price pressures grew tighter.

DP World Sues China for Inducing Djibouti to Breach Container Terminal Agreements

DP World Limited of the United Arab Emirates -- and its subsidiaries -- sued China for numerous damages for building an international trade zone on a terminal currently under dispute in Djibouti.

Zimbabwe To Invest $1.6M IN New Affordable Housing

Work is already under way at the new $1.6 million housing project authorized under the country’s Beitbridge Redevelopment Program (BRP).

Vestas Lands 148MW Wind Power Order in South Africa

Danish wind power firm Vestas has received an order from Enel Green Power of Italy for the 148 MW South African Oyster Bay project, representing a major re-start of the entire South African wind market.

Rwanda Chosen for Alibaba Group's First Electronic World Trade Platform

The Alibaba Group has selected Rwanda as the first location for a potentially groundbreaking alliance in the development of Alibaba's first African eWTP (electronic world trade platform), designed to drive major growth in Rwanda's cross-border trade and digital economy.

Tanzania's AfDB-Funded Alternative Learning and Skills Centers Are Changing a Nation

One of the bigger success stories for the African Development Fund was the construction of a group of alternative learning and skills development centers in Tanzania, for $32.7 million.

Oranto Petroleum Signs MOU for New Oil Production Blocks in Niger

Oranto Petroleum, headquartered in Abuja, Nigeria, just signed off on a Memorandum of Understanding with the Republic of Niger, with the goal of soon signing production sharing contracts in Blocks R5, R6, Dibella and Dallol on the Tenere and Agadem Basins in Niger.

EDF and BBOXX Partner on Off-Grid Electricity Project for Togo

EDF, a diversified French energy firm, and BBOXX, a UK-based venture-based company focused on off-grid energy solutions in developing countries, have a strategic partnership initially aimed at a new program in Togo.

Malawi Receives $15M Grant for Water Supply and Sanitation Improvments

Malawi has received a US $15 million grant from the African Development Fund (ADF) for a major water supply and sanitation project.

AU Ruling Puts Future of African Commission on Human and People's Rights in Doubt

A new ruling by the Executive Committee of the African Union greatly restricts the authority of the ACHPR in its fight to stop human rights abuses across Africa.

Landmark South African Court Ruling Supports Communities Over Mining Companies

An October 25 ruling by the South African Constitutional Court over land mineral rights is about to change the balance of power between mining companies and the people forever.

International Maritime Security Program Pays Off for Horn of Africa

For the last two months, EU NAVFOR's Italian warship Federico Martinengo hs been helping curtail piracy operations around the Horn of Africa, as part of a major cooperative counter-piracy venture which involved Somalia, the country of Djibouti and China.

Uganda Receives $23.8M to Bring Back Tororo-Gulu Railway

The European Union just awarded the Government of Uganda a grant of $23.8 million to rebuild a once very important 375 kilometer stretch of railway known as the Tororo-Gulu line.

AfDB: African Savannah Could Become Center of Continental Green Revolution

The African Development Bank has launched a new global program to turn the African Savannah from its current status as "Sleeping Giant" to becoming the cradle of the continent's green revolution.

Lions in the Wild Could Be Doomed Without A Lot More Money

In a just-published paper, researchers say that areas set aside to protect African lions are failing because of lack of funds.

Impala Platinum Announces Major Restructuring in South Africa, Cutting 13K Jobs

Impala Platinum announced on October 18 that it was launching a major restructuring of its platinum mining business.

Ethiopia’s New Prime Minister Appoints 50% Women to New Cabinet

Prime Minister Abiy Ahmed is about to make a major mark on the country again, this time through the selection of a cabinet of 50% women.

Fidelity Bank Receives $50M LOC to Develop SMEs and Women-Owned Enterprises

Nigeria's Fidelity Bank Plc just received a US $50 million line of credit from the African Development Bank (AfDB) to help develop small-to-medium-sized and women-owned enterprises in certain targeted business sectors.

The Gambia Begins Work With Its Own Truth, Reconciliation and Reparations Committee

On October 15, the Gambia launched its much-awaited Truth, Reconciliation and Reparations Commission (TRRC).