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Africa News
China’s battery industry sparks Moroccan investment
Chinese auto battery manufacturers Hailiang and Shinzoom are gearing up to establish two separate plants in…
EBRD forecasts stable growth for Morocco in ’25
The European Bank for Reconstruction and Development (EBRD) anticipates a positive economic performance in Morocco,…
S. Africa’s unemployment climbs to 32.9% Q1 ’24
South Africa's unemployment rate climbed to 32.9 per cent in the first quarter of 2024, up from 32.1 per cent in…
Africa to receive $550m Vitol clean cooking investment
Vitol, along with its subsidiary Vivo Energy, plans to allocate over $550 million by 2030 towards developing…
Kenya proposes tax on infrastructure bonds
The Kenyan government plans to implement a tax on interest earned from infrastructure bonds, potentially reaching…
China’s Sinohydro discusses building $180m power transfer in Uganda
Uganda is in talks with Sinohydro Corporation Limited to establish a $180 million power transmission line to supply…
Vodacom’s profits dip 10.8% on Ethiopia startup costs
Vodacom Group reported a 10.8 per cent decline in full-year earnings on Monday, citing start-up losses in Ethiopia…
Angola to boost offshore production incentives
Angola's President Joao Lourenco is poised to greenlight a law by June, introducing fresh incentives to foster…
Ethiopia-Djibouti railway transports 680k passengers in 6 yrs
Ethiopia- Djibouti railway, a Chinse construction, has facilitated the transportation of 680,000 passengers and 9.5…
IMF, DR Congo reach staff-level agreement
The International Monetary Fund (IMF) and the Democratic Republic of Congo (DRC) have reached a staff-level…