Monday, 22 October 2018

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Angola announces new hydrokinetic power programme

Angola announces new hydrokinetic power programme

The Ministry of Energy and Water of Angola has signed a memorandum of understanding (MOU) with Privinvest, the Middle East headquartered industrial group, to introduce hydrokineti ...

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Tanzania bank enters the Kenyan market

Tanzania bank enters the Kenyan market

Bank M of Tanzania has set the stage for its entry into Kenya market after the Central Bank of Kenya (CBK) cleared the acquisition of a 51% stake in shareholding with Oriental Com ...

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Kenya Airways board appoints a new Chief Operating Officer

Kenya Airways board appoints a new Chief Operating Officer

Kenya Airways Board has appointed Jan de Vegt as the airline’s Chief Operating Officer from 1st August 2016. He replaces Yves Guibert who will leave the business at the end of Jul ...

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Netanyahu looks for trade opportunities in Africa

Netanyahu looks for trade opportunities in Africa

Israeli Prime Minister Benjamin Netanyahu took his four-country Africa trip to Kenya, where he will be pursuing business deals, trade opportunities and seeking support against int ...

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Nairobi to host 14th UN conference on trade and development

Nairobi to host 14th UN conference on trade and development

Kenya’s capital, Nairobi, is earmarked to host the next United Nations Conference on Trade and Development (UNCTAD). The 14th edition of the UNCTAD summit to be held between July ...

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Africa Finance Corporation investing in oil company – Nigeria

Africa Finance Corporation investing in oil company – Nigeria

Africa Finance Corporation (AFC) is acting as lead arranger for an up to US$425 million senior mezzanine facility for New Age (African Global Energy) Limited (New Age) to enable t ...

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Barclays Africa changes top management structure

Barclays Africa changes top management structure

Barclays Africa Group appointed Peter Matlare as deputy chief executive and said investment banking head Stephen van Coller would leave. South Africa’s third-largest lender made c ...

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Total deserts Congo oil field due to global oil price decrease

Total deserts Congo oil field due to global oil price decrease

French oil company Total has decided to abandon its “Pointe-Noire Grand Fonds” oil field in the Republic of Congo, citing the decrease in global oil prices, Jeune Afrique has repo ...

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Tanzania to record a 7.4 percent growth in 2017

Tanzania to record a 7.4 percent growth in 2017

Tanzania's economy is expected to grow by 20 basis points to 7.4 percent in 2017. The central bank said this growth will be driven by construction, communications and finance. The ...

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Helium deposit worth billions of dollars discovered in Tanzania

Helium deposit worth billions of dollars discovered in Tanzania

A vast field of helium has been discovered in a section of the Great Rift Valley in Tanzania, scientists are reporting. The scarce gas, which is used in high-tech devices such as ...

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