Petrojet expands international operations, strengthens manufacturing capabilities
Egypt’s Petrojet secured new contracts worth 112 billion Egyptian pounds in 2024—60 per cent of which are outside…
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Mozambique
BPCL diversifies oil sources amid reduced Russian supplies
India's state-run Bharat Petroleum Corp (BPCL) is turning to Middle Eastern crude to offset declining Russian oil…
Egypt remains Africa’s top investment destination – UNCTAD
Egypt has been named Africa's top destination for foreign investment for the second consecutive year, according to…
IMF approves $60m for Mozambique
The International Monetary Fund (IMF) has completed its Fourth Review under Mozambique’s Extended Credit Facility…
CR20 completes key Malawi railway bridge
China Railway 20th Bureau Group (CR20) has completed the longest bridge on the 72-km railway line from Marka, near…
S. Korea-Africa summit boosts economic collaboration
Nearly 50 deals and agreements have been inked during South Korea's inaugural summit with leaders from 48 African…
Zimbabwe approves Musk’s Starlink
Zimbabwe's telecommunications regulatory authority has approved Elon Musk's Starlink, the satellite arm of SpaceX,…
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…
Infinity power leads 11 country for 5 GW BESS project by 2024
Infinity Power, the largest dedicated renewable energy provider in Africa, has declared that a unique consortium of…
Afreximbank, Hassan Allam sign facility agreement worth $200mln
Africa Export-Import Bank (Afreximbank) signed a facility agreement with Hassan Allam Group worth $200 million on…