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.
Tender and Business News
On October 15, the Gambia launched its much-awaited Truth, Reconciliation and Reparations Commission (TRRC).
Egypt will be receiving €214 million in funding from the European Investment Bank (EIB) to support the Kitchener Drain depollution project.
The African Development Bank (AfDB) has approved funding of US $500 million to help fund improvements and expansion of the power grids in both Rwanda and South Africa.
Using the United Nations Children's Fund (UNICEF) as its pass-through agency, the United Kingdom has just authorized a grant of £12 million to support a major educational reform program in Egypt.
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.
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.
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.
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.
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.
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.
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.
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's Scaling Up Electricity Access Program (SEAP II) has just received a loan of $266 million from the African Development Bank.
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.
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.
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.
The senior executive heading up state-owned Zimbabwe Electricity & Distribution Co. was arrested on October 3 by local police.
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.
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.
It is a sad truth that gender inequality is restricting progress on ending hunger, poverty, and the creation of sustainable food systems in Africa.
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).
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.
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’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.