Tuesday, September 21, 2021

Angola State Oil Firm Posts $3 Billion Loss in ‘Abnormal’ 2020

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The state energy company of Angola, Africa’s second-biggest oil producer, posted a $3 billion loss last year after demand cratered following coronavirus-induced...

Parched Egypt Seeks Partners for $2.5 Billion Desalination Plan

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Egypt is seeking partners to invest in a $2.5 billion initiative to build more than a dozen renewable energy-powered desalination plants by...

Moove raises $23M to create flexible options for drivers to own cars in Africa

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Africa is home to more than a billion people where a majority have limited or no access to vehicle financing. In fact,...

West Africa Bloc Plans to Start Cross-Border Debt Market in 2023

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A plan by 15 West African nations to link up their debt markets is on track to become a reality by the...

An Ethanol Plant in Zimbabwe Is Expanding, Despite Its Critics

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Two decades of economic turmoil have starved Zimbabwe of foreign currency, at times creating fuel shortages. A controversial ethanol project, run by...

African Central Banks to Hold Key Rates Amid Virus Resurgence

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Central bankers in six sub-Saharan African countries are likely to leave borrowing costs unchanged in the coming weeks as a resurgence of...

Ghana Mulls Africa’s First Social Bonds With $2 Billion Sale

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Ghana is planning to issue green and social bonds of up to $2 billion by November, which would make it the first African country...

Ghana is building an integrated, inclusive gold industry – Veep

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Accra - Vice President Dr Mahamudu Bawumia says the government is putting measures to stimulate job creation in an integrated and inclusive...

Ghana’s Oil Mogul Dr. Kwame Kyei Of Unity Oil Is African Energy Leadership Personality...

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The 9th Edition of the African Leadership Magazine ‘Persons of the Year’ Award Committee, has unveiled Dr. Kwame Kyei as the African...

Tanzania to Add Gold to Reserves, Resume $3 Billion Iron Project

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Tanzania launched a new gold refinery as its central bank plans to start buying the metal to diversify its reserves.

South Africa Sells State Airline to Private-Equity Venture

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South Africa agreed to sell a majority stake in the country’s grounded national carrier to a local jet-leasing company and private-equity firm,...

Tanzania May Start Building $30 Billion LNG Project in 2023

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Tanzania plans to begin the construction of a delayed $30 billion liquefied natural gas project in 2023, following the resumption of talks...

Ivory Coast Seeks EU Flexibility on Sustainability Rules

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Ivory Coast, the world’s top cocoa producer, appealed to the European Union for flexibility as the country prepares to comply with the bloc’s proposed...

Antwerp wants to sign agreement with Angola for direct import of diamonds

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"Antwerp is the world's largest diamond center and Angola is one of the largest producers in the world, we want to have...

Tanzania starts refining gold to international standards

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Bank of Tanzania Governor Prof Florens Luoga has commended the State Mining Corporation (Stamico) for enabling Tanzania start refining gold to international...

OPEC+ extends oil production to 1.3 million barrels per day in Angola

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The Organization of the Petroleum Exporting Countries (OPEC) and the group of ten allies decided this Wednesday to increase Angola's production quotas...

Ghanaians are eating more fast food: the who and the why

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Fast food – food sold in an outlet, drive-through, or restaurant either as preheated or precooked, and served or packaged as take-away...

AfCFTA Must Benefit Africans To Achieve Its Aims

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On the first day of 2021, Africa made history as a collective continent by economically uniting to...

Another Brexit deal in the bag! Britain signs lucrative £1.2bn trade agreement with Ghana

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BRITAIN has secured a trade deal worth £1.2billion with Ghana, International Trade Secretary Liz Truss has announced. A...

World Bank commits $12bn for vaccinations in Africa

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The cost of vaccinating 60% of Africa’s 1.3bn people would be between $10bn and $15bn. The World Bank has...