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50 Nigerian Politicians Banned from Travel

In a move the government says will help deter corruption, on October 13 the government of Nigeria banned travel for fifty well-known politicians in the country.

How China Trapped Angola With Over $18B in Debt

Despite having over $70 billion in debt -- equivalent to 70% of the national GDP, Angola continues to spend more and get deeper indebted to China itself.

Africa Finance Corporation Secures $300M in Financing from Export-Import Bank of China

The Export-Import Bank of China (CEXIM) has provided Africa Finance Corporation, a major infrastructure development finance institution serving all of Africa and based in Nigeria, with a US $200 million 5-year loan and a US $100 million 5-year standby facility for corporate purposes.

Peace Adviser Warns of Increased Risks to Security as More Foreign Bases Come to Djibouti

A special adviser to the African Union office for Peace and Security, Major General Trust Magoba, is concerned about the increased expansion of foreign basis in the country of Djibouti.

GELPAZ Liberia Wins Contract to Develop Low-Income Housing in Liberia

The National Housing Authority of Liberia has selected GELPAZ-Liberia, an affordable home developer, to build at least 500 units in a first series of low-income housing units in the country. GELPZ is part of GELPAZ-Burkina Faso.

PwC Analyzes South Africa's Lackluster Mining Industry Performance

According to a new report from PwC, South African mining companies had a tough economic ride last year, despite the global mining industry in general having improved well over the past year. Unfortunately the mix of precious metals in South Africa's mining "market basket" was a major drag on the industry's performance for the year.

Uganda Announces 10-Year Plan to Invest $4.5 B in Electricity Transmission Projects

To support a long-term government objective to improve reliability of the power supply in the country, the government of Uganda just announced a plan to invest $4.5 billion over the next ten years in its electricity transmission and distribution network.

FAO and African Union Unveil Sustainable Farm Mechanization Strategies

The African Union and the Food and Agriculture Organization (FAO) just released a new strategy document to help guide countries in Africa for sustainable farm mechanization.

Rwanda Receives $266M to Improve Electricity Supply Reliability Across Country

Rwanda's Scaling Up Electricity Access Program (SEAP II) has just received a loan of $266 million from the African Development Bank.

Kenya Power Managing Director and Others Charged in Tender Graft Case

An anti-corruption court in Kenya is trying Kenya Power officers on charges of fraud in over Sh 159 million (US $1.6 million) of tender offers awarded.

Media Business in Africa In New Phase of Convergence with Tech, Telecom, and Entertainment

According to a new report by PwC, Africa's entertainment and media industry, already recognized as one of the fastest growing and innovative regions in the world for media and entertainment opportunities, has entered a dynamic new phase -- a third wave of convergence.

World Bank: Economic Growth Still Limited in Sub-Saharan Africa

According to a new report by the World Bank in the October 2018 issue of Africa's pulse, sub-Saharan African economies are still struggling after the significant slowdown they suffered in 2015-16.

CEO of Zimbabwe State Power Distributor Arrested Over Tender

The senior executive heading up state-owned Zimbabwe Electricity & Distribution Co. was arrested on October 3 by local police.

2nd Annual Executive Women Network Conference Coming to Accra

The 2nd Annual Executive Women Network conference, the biggest gathering of women business leaders in Ghana, is coming to the Labadi Beach Hotel in Accra on October 12, 2018.

First South America-Africa High-Speed Submarine Cable Up and Running

NEC Corporation of Japan as principal, with support from Angola Cables S.A., has completed the first high-speed submarine cable system connecting the South American and African continents.

More Women Needed in Agriculture at High Levels to Help End Hunger and Poverty

It is a sad truth that gender inequality is restricting progress on ending hunger, poverty, and the creation of sustainable food systems in Africa.

Africa, the Caribbean, the Pacific, and the EU Begin Work On Game-Changing Cooperation Agreement

Starting October 1, one of the most ambitious cooperation agreements in the world is about to begin negotiations. It will bring together the European Union along with 79 countries in Africa, the Caribbean and the Pacific (ACP).

Arrest Warrants Issued in Liberia to Find Missing $104M in Government Cash

A Liberian court has issued arrest warrants for an estimated $104 million worth of cash which went missing between November of 2017 and August 2018.

Tourism in Africa Grows to Record Levels with Major Economic Impact

Africa earned $36.25 billion in revenue from 62.9 million international visitors in 2016. That's dramatically up from only 17.4 million almost three decades ago, in 1990.

Malawi Receives US $102M for Lilongwe Water and Sanitation Project

Malawi’s capital city of Lilongwe’s Water and Sanitation project (LWSP) was just awarded US $102 million from the World Bank to rehabilitate and expand the Lilongwe water distribution network and more.

Botswana Receives $125M Loan to Support Growth in Diamond Manufacturing

A new $125 million loan guaranty arrangement was just signed which will support lending to the diamond manufacturing and polishing industry in Botswana.

World Bank Authorizes $80M for Somalia

On September 25, the World Bank announced it was authorizing $80 million in loans to support public finance needs in the country.

African Development Bank Approves $1.5M for Ghana's Renewable Energy Programs

Ghana's renewable energy investment drive received a big boost just two days ago, when the African Development Bank announced it had approved a US $1.5 million grant to expand developments in this aea.

The Revolution in African Agriculture Must Continue to Accelerate

In this special Op-Ed piece by Korir Sing’Oei, a Legal Advisor & Head of Policy at Office of Deputy President, Kenya, reflects on the importance of the recent African Green Revolution Forum (AGRF), which took place in Kigali earlier this month.

Liberia Receives $1M to Drive Growth in Wood Processing Industry

Liberia has received a grant of $1 million from the African Development Bank's Fund for African Private Sector Assistance (FAPA), to provide technical guidance for the country's expanding wood processing industry.