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Africa Business News

Nigeria 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.

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.

Nigeria to Receive $328M from China for ICT Infrastructure

President Muhammadu Buhari of Nigeria will be signing a historic financing agreement with Chinese President Xi Jinping this week, to support building Nigeria’s nationwide Information and Communication Technology Infrastructure Backbone Phase 1 (NICTIB 11) project.

Energy Deal to Lower Tanzania Cement Prices

Dangote Industries Tanzania, part of Nigeria's Dangote Corporation, has inked a new deal with Tanzania Petroleum Development Corporation to fuel Dangote's Mtwara cement plant using lower cost natural gas as opposed to the the current use of far more expensive diesel.

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