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Africa Business News

Tender and Business News

Africa Unveils 10GW Desert to Power Initiative at COP24

The "Desert to Power Initiative", an ambitious plan to eliminate energy poverty in Africa and provide 10 GW of solar energy by 2025 and support 250 million people with green electricity, was just unveiled at the Paris Agreement climate change talks at COP24.

Africa Mobile Phone Market Flat to Slow Decline

Africa's mobile phone market growth rate has flattened out, as evidenced by the latest figures just announced by International Data Corporation (IDC), which show the African mobile market went down by 2.1% quarter-on-quarter (QoQ) for Q3 2018.

New $5B Oil Pipeline To Be Built Between Zambia and Angola

As part of a major move to enhance the Zambia petroleum industry, Diamantino Azevedo, Angola's minister of Mineral Resources and Oil, recently confirmed that Angola and Zambia are working together on a $5 billion project which includes a major new pipeline connecting the countries.

Japan Provides $5M Grant for Nutrition Programs in Ghana

The Government of Japan has provided the United Nations World Food Program (WFP) with a grant of US $5 million, targeted to scale-up an important project addressing malnutrition, micronutrient deficiencies and obesity in Ghana.

Burundi and Tanzania Recieve Over $300M for Road Projects

The governments of Burundi and Tanzania have received US $322.35 million in loans and grants from the African Development Bank Group, to pay for the 45 kilometer Rumonge-Gitaza and 260 kilometer Kabingo-Kasulu-Mayovu road upgrading project.

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.

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