Kenya has completed a major test of its ability to transmit 50 megawatts of electricity from Ethiopia to Tanzania through its national electricity grid. The successful trial is seen as …
Infrastructure
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DevelopmentEastern AfricaEnergyGOVERNMENTInfrastructure
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BusinessEconomyEnvironmentInfrastructure
Dangote Refinery to Save Nigerians Over N1.07tn Annually Through Direct Fuel Distribution Initiative
The Dangote Petroleum Refinery has announced a major step aimed at changing how petrol and diesel are distributed across Nigeria. In a bold move, the company has revealed plans to …
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Banking, Finance & InvestmentFinance & ServicesGOVERNMENTInfrastructureInternational RelationsKenyaTrade and Commerce
Equity Bank to Open UAE Office, Becomes First Kenyan Bank to Expand to the Middle East
Shareholders of Equity Group Holdings Plc have approved the bank’s plans to open a Representative Office in the United Arab Emirates (UAE), marking the first time a Kenyan lender will …
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AfricaDevelopmentEconomyFinance & ServicesInfrastructure
Tanzania Ratifies Africa Finance Corporation Agreement to Boost Infrastructure and Economic Growth
The Tanzanian National Assembly has approved the Agreement for the Establishment of the Africa Finance Corporation (AFC), a move expected to open doors for long-term investment financing aimed at accelerating …
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DevelopmentGOVERNMENTInfrastructureINVESTMENT
CMOC Group Completes Acquisition of Cangrejos Gold Project in Ecuador
CMOC Group has officially completed the purchase of 100% equity in the Cangrejos Gold Project in Ecuador, marking a significant step in the company’s expansion into the global gold market. …
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AfricaDevelopmentEconomyFinance & ServicesInfrastructureINVESTMENTNigeria
Nigeria, Egypt, Morocco Top Africa’s $95bn Remittance Inflow in 2024
Nigeria, Egypt, and Morocco were the top three African countries that received the highest remittances from their diaspora communities in 2024, according to the newly published State of Africa’s Infrastructure …
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EnergyGOVERNMENTInfrastructureINVESTMENTOil & GasPolicies
Uganda Unveils Ambitious Energy and Minerals Plans to Power Growth by 2026
At the Uganda Chamber of Energy and Minerals (UCEM) Budget Breakfast Meeting held on June 20 at Four Points by Sheraton, Deputy Executive Director of the National Planning Authority (NPA), …
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AgricultureEconomyInfrastructurePolitics
President Tinubu Thanks Governors for Loyalty, Pledges Commitment to Renewed Hope Agenda During Visit to Nasarawa
President Bola Ahmed Tinubu has praised Nigerian governors for their loyalty and commitment to the Renewed Hope Agenda. The President made this known during his official one-day visit to Nasarawa …
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BusinessInfrastructureNigeriaTransportation & Logisitics
ENL Consortium Denies Fire Outbreak on Cargo Ship at Lagos Port
ENL Consortium, operator of one of the busiest cargo terminals at the Lagos Port Complex, Apapa, has denied reports that a cargo vessel caught fire at its terminal, assuring stakeholders …
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AgricultureBusinessDevelopmentInfrastructureINVESTMENTPoliciesWestern Africa
NSIA Launches $50bn Pan-African Investment Platform to Drive Infrastructure, Agriculture, and Climate Projects by 2030
The Nigerian Sovereign Investment Authority (NSIA) has introduced a new continental investment platform with a target of raising $50 billion in blended finance to support infrastructure, agriculture, and climate-resilient initiatives …