DRC Pursues Financing for World’s Largest Hydropower Dam
The Democratic Republic of Congo (DRC) is seeking funding from the World Bank and other financial institutions for the construction…
Category: Business
Ethiopian Airlines Takes Delivery of Africa’s First Airbus A350-1000
Ethiopian Airlines, Africa’s largest and fastest-growing carrier, has received its first Airbus A350-1000, making it the first African airline to…
OPEC+ Extends Oil Output Cuts Through December
Saudi Arabia and its allied oil-producing countries announced Sunday that they will extend their oil output cuts through December, delaying…
Volkswagen Group Africa Launches Facility for E-Tractors in Rwanda
Volkswagen Group Africa has announced the launch of its first multifunctional facility in Rwanda to pilot modern farming practices using…
World Bank Lowers 2024 Growth Forecast for Sub-Saharan Africa Due to Sudan Conflict
The World Bank has revised its economic growth forecast for sub-Saharan Africa in 2024 to 3%, down from the previous…
Bank of Kigali, Kivu Choice Sign RWF 5 Billion Agriculture Financing Deal
Bank of Kigali (BK) has partnered with Kivu Choice Ltd., a leading aquaculture company, in a RWF 5 billion agreement…
Dangote Refinery Begins Gasoline Sales in Nigeria
Nigeria’s Dangote refinery, with a capacity of 650,000 barrels per day, has commenced domestic gasoline sales, partnering exclusively with the…
WTO Chief Ngozi Okonjo-Iweala Announces Candidacy for Second Term
Ngozi Okonjo-Iweala, the seventh Director-General of the World Trade Organization (WTO), announced her candidacy for a second term on Monday,…
Engie Energy Access Rwanda, Samsung Partner to Boost Smartphone Ownership in Rwanda
Engie Energy Access Rwanda and Samsung have launched a strategic partnership aimed at increasing smartphone ownership in Rwanda by offering…
Ethiopian Airlines Halts Flights to Asmara
Ethiopian Airlines has suspended flights to Eritrea’s capital, Asmara, citing challenging operating conditions. The move follows Eritrea’s announcement that it…