East Africa interconnected by the Madaraka Express
Nairobi, After three years of construction, Kenya launched the
Madaraka Express, its high speed railway connecting the port city of
Mombasa to the capital of Nairobi....
Japan’s JGC to build $6,3bn LNG plant off Mozambique
A consortium including JGC has reached a 700 billion yen ($6.33 billion) deal to build a floating liquified natural gas platform, off the coast of...
New Sparta Energy established to develop renewable energy projects in Africa
Investment manager New Sparta Asset Management (NSAM) has set up New Sparta Energy to develop renewable energy projects in Africa. New Sparta Energy’s role...
Nigeria-Benin Rail Line Underway
A standard gauge rail line stretching from Parakou in Benin Republic will terminate in Ilorin, central Nigeria, upon completion, as part of a budding...
Nigeria’s 2019 Deadline to End Fuel Importation “doable”
The Nigerian National Petroleum Corporation has disclosed that the first batch of the three new gas power plants it plans to build in Abuja,...
Tanzania: Mega Oil Pipeline Projects to Spur Economic Growth
The government, yesterday, announced plans to set up three mega oil-pipelines connecting the seaports of Tanga and Dar es Salaam to upcountry regions and...
Facilitating the trade exchange between Rwanda and DROC
Rwanda and the Democratic Republic of Congo (DROC) 's officials signed on a memorandum of understanding (MoU) in Rubavu province, within the ceremony of launching the COMESA Simplified Trade Regime...
Nigeria: New Economic Recovery Plans – the Road Ahead
The federal government finally launched the Economic Recovery and Growth Plan 2017-2020 in Abuja last Wednesday, raising expectations of economic recovery, if fully implemented....
6 reasons to invest in Africa
The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity. That’s not news to...
Egypt is the First Vice-Chairperson of the WB Board of African Counties’ Governors
Following its significant role in coordinating the positions of developing states in the World Bank (WB) and the International Monetary Fund (IMF), Egypt was...
Funding Liberia Social Safety Nets with $15.8 million
The Liberian government signed an agreement worth $15.8 million with The World Bank Country Manager, Larisa Leshchenko, to establish the Liberia Social Safety Nets...
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Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...
El Molla Witnesses Signing of Two Agreements for Brownfields in Gulf of Suez
Minister of Petroleum and Mineral Resources Eng. Tarek El Molla and ADES Drilling Company CEO Mohamed Farouk have witnessed the signing of...