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…
Browsing Tag
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…
U.N. security council rejects Russia’s resolution on Gaza
The U.N. Security Council on Monday rejected a Russian resolution that called for a ceasefire to end Israel-Hamas…
AfDB approves $11.7mln to fertilisers for African farmers
The African Development Bank’s (AfDB) board has approved on Tuesday a $11.7 million budgetary allocation to the…
Frustration increase in Mozambique’s Beira over food, water shortages after cyclone
The situation in the port city of Beira in Mozambique was "boiling" as residents suffered shortages of food, water…
Death toll in Mozambique cyclone, flooding rises above 200
he number of people killed after a powerful cyclone and flooding hit Mozambique has risen to above 200, President…
Qatar Petroleum, Exxon seek giant Africa gas deal
Exxon Mobil Corp. and Qatar Petroleum have teamed up to look at energy assets in Mozambique, home to some of the…
Mozambique comes clean on $1.35 bln of debt: IMF source
Mozambique has given the International Monetary Fund (IMF) an "avalanche of documents" and owned up to as much as…
Eni not planning to divest recent gas discoveries in Egypt: oil ministry
Italian oil major Eni is not planning to divest some of its stakes in discoveries recently made in Egypt, an…
Nelson Mandela’s Condition Deteriorates
The condition of former South African leader Nelson Mandela has deteriorated in the last few days, presidential…
World Bank Approves Loans for Kenya-Ethiopia Power Line
The World Bank on Thursday approved loans totaling $684 million for Ethiopia and Kenya to finance a cross-border…
Egypt Gets First Win; African World Cup Qualifiers
Egypt recorded the first win of the group phase of Africa's qualifiers for the 2014 World Cup by beating Mozambique…