Africa Finance Corporation invest in Egyptian company
Africa Finance Corporation (AFC) is set to invest $25 million in Egyptian petrochemicals company Carbon Holdings Ltd, the company said.
Experts gather in Addis Ababa to discuss African free trade area
Experts from the Economic Commission for Africa (ECA) recently participated in the 5th meeting of the Continental Free Trade Area (CFTA) Negotiating Forum that was hosted by the African Union Commission in Addis…
African Water Facility agree to help improve Mozambique’s urban sanitation
The Government of the Republic of Mozambique and the African Water Facility (AWF) has entered into a grant agreement for a feasibility study on Urban Sanitation, Drainage and Solid Waste Management in…
African Development Bank launches gender innovation contest
African Development Bank (AfDB) President Akinwumi Adesina announces gender innovation contest to promote gender equality in AfDB’s operations Abidjan, Côte d’Ivoire, March 8, 2017. AfDB made the announcement on International Women’s Day the…
Food insecurity in Ethiopia leads to inflation rise – report
Ethiopia will experience a resurgence in inflation over 2017 as food insecurity increases on the back of erratic rainfall, says new report by BMI. Strong money supply growth will also drive inflationary…
Oranto to explore oil in South Sudan
Oranto Petroleum says it is going to invest $500 million to develop South Sudan’s Block B3. The company launched a comprehensive exploration campaign yesterday.
Ghana gets partners to restore its forest
The African Development Bank (AfDB) and Climate Investment Funds’ Forest Investment Program (CIF FIP) sign loan of $24-million today with Form Ghana Ltd to restore Ghana’s forests. First disbursement of the loan is…
African Development Bank provides $25 million to Mali
The African Development Bank (AfDB) is set to provide $25 million concessional loan to the Government of Mali to build utility-scale solar photovoltaic plant and transform the West African energy market., the…
Africa gets partners to combat climate disasters
The African Risk Capacity (ARC) has added a crucial partner to its portfolio by formally teaming up with the African Development Bank (AfDB) to strengthen mechanisms to manage weather-related risk on the…
DRC, Mozambique and Zambia secure power interconnection fund
The NEPAD-IPPF (Infrastructure Project Preparation Facility) has approved US $3.88 million in grants to the Governments of the Democratic Republic of Congo (DRC), Mozambique and Zambia to finance completion of regional projects…
Key facts about tourism in Ethiopia
Ethiopia generates substantial income from its tourism sector. The country received over 900,000 visitors in 2015. In the same year, according to World Bank report, tourism created about 1 million jobs while…
Asoko Insight opens Ethiopia research office
Africa’s largest corporate data provider, Asoko Insight, has formally established operations in Ethiopia with the opening of its Addis Ababa office yesterday.
Geneva set to host 5th Africa CEO Forum
The 5th edition of the AFRICA CEO FORUM will take place from 20 – 21 March in Geneva and will focus on how to succeed in this new economic cycle on the…
How to help fund your business
While bootstrapping has proven itself to be successful over the years, it’s not always entrepreneurs’ preferred choice for funding their business. It’s not the most reliable and unless your business starts out…