The African Development Bank (AfDB) says it had devoted at least $1 billion to finance power and infrastructure projects in Africa this year alone.
Posted on : Saturday , 26th December 2015
When Nigeria first unveiled incentives for carmakers to set up plants its auto industry had ground to a standstill.
Fast forward two years, and there are at least 36 automakers with production licenses in the continent’s biggest economy, with Volkswagen AG, Nissan Motor Co. and Ford Motor Co. already making vehicles with local partners. The country is seeking to join South Africa as the only manufacturing base for the car industry in sub-Saharan Africa, with cou.... Read more »
Posted on : Thursday , 24th December 2015
The China Development Bank has hit its target of pooling 5 billion U.S. dollars this year in its equity investment fund for investment in Africa, it said on Friday.
It has already allocated or earmarked nearly 3.2 billion U.S. dollars in the China Africa Development Fund (CAD Fund) for more than 80 projects from infrastructure to agriculture to energy resources in 35 African countries.
The bank estimated that these projects will attract Chinese enterprises to i.... Read more »
Posted on : Thursday , 24th December 2015
It may be a bit of a long shot, but African countries like Nigeria could be the final frontier for any automakers looking to cash in on the benefits of globalization and the financial fortitude of emerging markets. Long considered a lost cause due to prolific amounts of poverty, Africans in certain countries have amassed enough wealth that car manufacturers are actually starting to consider the continent’s legitimacy as a contender for future growth.
Sure, Niger.... Read more »
Posted on : Thursday , 24th December 2015
The Gigawatt Mozambique power company says it has completed the construction of a gas-fired power station at Ressano Garcia, on the border with South Africa, with the initial capacity to generate 120 megawatts, APA can report on Thursday.
The company’s managing director, Johan de Vos, said in a media statement emailed to APA that the power station was built in 18 months, on schedule, below budget and without any significant accidents.
The $200 mil.... Read more »
Posted on : Thursday , 24th December 2015
Kampala — Uganda and Japan have concluded a loan agreement for financing the construction of flyovers in Kampala.
Posted on : Thursday , 24th December 2015
Sweets maker Kenafric Industries is set to diversify into the production of soda in a move that will intensify competition in the industry that is currently dominated by Coca-Cola and PepsiCo.
Posted on : Thursday , 24th December 2015
Pretoria — The Department of Agriculture, Forestry and Fisheries has announced that South Africa has earlier this month exported its first air shipment of litchis to the United States.
Posted on : Thursday , 24th December 2015
Kampala — Ugandan farmers are increasingly inter-planting coffee, the country's primary export, and banana, a staple food, as a way of coping with the effects of climate change.
Posted on : Thursday , 24th December 2015
After buying tractors to bring more land under cultivation and distributing seeds and fertiliser to poor families, Machakos County has now turned to green grams. Governor Alfred Mutua spoke to JULIUS SIGEI.
Posted on : Thursday , 24th December 2015
Kenya is set to receive about Sh2 billion ($19.5) from the Canadian government aimed at providing training for Small and Medium Enterprises (SMEs) in the country.
Posted on : Thursday , 24th December 2015
Intrepid Mines, an Australian company, has spent more than US$40 million on drilling and exploration works on the Kitumba Mine project located in Mumbwa District.
Posted on : Thursday , 24th December 2015
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