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Africa News
Uganda in talks with UAE’s Alpha MBM over oil refinery project
Uganda is in talks to build a refinery for crude oil, with an investment company led by Sheikh Mohammed bin Maktoum…
Niger fails to pay another bond payment
Niger has failed to pay several bond payments due to the sanctions imposed amid its military coup in July.
Zimbabwe to implement new measures to save currency
Zimbabwe is about to unveil new measures to support its currency amid the decline in both the official and the…
Shell to sell onshore oil business in Nigeria for $1.3bln
Shell Plc agreed to sell its Nigerian onshore oil assets for $1.3 billion to a group of local companies, known as…
AFC, ITFC provide loan to boost Egypt’s economic resilience
Africa Finance Corporation (AFC) is partnering with the International Islamic Trade Finance Corporation (ITFC) to…
Vodafone signs $1.5 bln deal with Microsoft
Vodafone group signed a new 10-year strategic partnership worth $1.5 billion with Microsoft to offer scaled digital…
Africa’s largest oil refinery begins production in Nigeria
Africa’s biggest oil refinery had begun production in Nigeria, ending the long wait for planet according to…
Egypt becomes Africa’s top cement producer
Egypt is Africa’s largest cement producer with an annual production capacity of about 92 million tons, said…
Egypt builds 8 groundwater stations in S. Sudan
Egypt has initiated the construction of eight groundwater drinking water stations in South Sudan, the Egyptian…
Mozambique to receive $60.7mln IMF loan tranche
The International Monetary Fund (IMF) completed Mozambique’s third loan od around $60.7 million, Reuters reported…