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Africa Business News

Tender and Business News

China Is About To Grab Control of A Key Port in Africa

China may be about to get its hands on yet another critical port because of what is known as the China debt trap. It happened before with Sri Lanka's major seaport at Hambontota. It now looks like it will happen in Djibouti.

KBR Received FEED Contract for NLNG's Project

KBR,a provider of differentiated professional services and technologies in Texas, has been awarded an LNG FEED contract, by Nigeria LNG (NLNG), for further expansion of the Bonny Island LNG plant at Bonny Island, Nigeria. 

Traders in Uganda and Rwanda Awarded $63M for Election Chaos Losses

In a decision released on July 27, the Kenyan High Court judge Msagha Mbobholi ordered the government to pay 16 traders in the East African Freight Forwarders Association $63 million for damage to trucks and goods lost during rioting and more after the 2007-2008 elections.

Chinese President Xi Calls for Closer Ties with Uganda

As the 10th BRICS summit held in July 25-27 in Johannesburg reached its conclusion, Chinese President Xi Jinping called for deepening the friendly and mutually beneficial cooperation between his country and that of Uganda.

Fayoum Wastewater Expansion Project Receives EUR126M from EIB

The Fayoum Governorate in Egypt has just received the first financing arrangement for EUR 126 million (out of a total final support authorized of EUR 172 million) from the European Investment Bank to improve wastewater infrastructure and improve sanitation services.

Farm-Tech Expo Kenya to Be Held September 12-13

Farm-Tech Expo Kenya, one of the largest agricultural events in the country, sponsored by the Kenya Agricultural and Livestock Research Organization (KALRO) will be held September 12-13.