News

  • Eritrea Receives U.S.$15 Million IFAD Grant to Boost Fisheries Sector and Nutrition December 7, 2016
    52A total of 17,500 poor rural households in six regions of Eritrea will benefit from a financial agreement signed today between the International Fund for Agricultural Development (IFAD) and Eritrea to boost coastal and inland fisheries. The total cost of the Programme is US$32.1 million of which IFAD is providing a US$15 million grant. It is ...
  • Nigeria and Morocco sign gas pipeline deal to link Africa to Europe December 4, 2016
    99Nigeria and Morocco have signed a joint venture to construct a gas pipeline that will connect the two nations as well as some other African countries to Europe,Nigeria‘s minister of foreign affairs said on Saturday. The agreement was reached during a visit by the Morocco’s King Mohammed to the Nigerian capital Abuja, Geoffrey Onyema, the minister, ...
  • Egypt: Egypt announces new investments in oil and gas exploration worth $200 million December 4, 2016
    2016-636162788355096476-509Egypt has accepted investment offers in oil and gas drilling and exploration worth $200 million, the petroleum ministry announced on Friday. The companies that won the bids include Shell, British Petroleum, Apache and Apex, the ministry said in a statement. The oil and exploration deals are for Egypt’s Gulf of Suez and Western Desert. Egypt is seeking ...
  • Algeria: Volkswagen, Sovac Ink MoU On Creation of Factory in Relizane November 30, 2016
    5German car manufacturer Volkswagen and Sovac group, official representative of Volkswagen in Algeria, inked Sunday in Algiers a memorandum of understanding on the creation of a plant that will assemble cars of this brand in Algeria. The plant, which will start production on June 2017, will be built in the industrial zone of Sidi Khatab (Relizane). ...
  • Nigeria: 224 Firms Jostle for Contracts to Lift Nigerian Crude November 30, 2016
    00361721 7c83683c3b38405bac00323b32319ffb arc614x376 w285 us1About 224 companies, hundreds of them indigenous Nigerians firms, are seeking to secure contract for the sale and purchase of Nigerian crude oil grades on offer in 2017. The opening of bids in Abuja yesterday had in attendance representatives of the bidding companies, regulatory agencies as well as civil society as independent assessors. The Group Managing Director ...
  • Tanzania: Coast Steel Plant Promised Electricity November 21, 2016
    10Pime Minister Kassim Majaliwa has directed the electricity contractor at the Kiluwa Steel Group factory in Coast Region to connect the industry to reliable electricity within 18 days, so that it kicks off operations immediately. Mr Majaliwa issued the directive yesterday when speaking to residents and government leaders of Coast Region who turned up at the ...
  • Madagascar: New Chinese-Built Road Inaugurated in Madagascar November 21, 2016
    9A new road built by China was inaugurated in Madagascar’s capital Antananarivo on Friday as part of the preparation work for the Summit of French speaking countries (La Francophonie) scheduled to be held in the country from Nov. 21 to 27. The road, about 4,759 kilometers in total length, links the capital and the road to ...
  • Japanese firm plans solar power station in Morocco November 20, 2016
    noorMoroccan Agency for Sustainable Energy (MASEN) has partnered with a Japanese firm to install a new Concentration Photovoltaic (CPV) power station with 1MW capacity at Noor Power Station in Ouarzazate, a report said. The Concentration Photovoltaic panels use a new technology that improves the efficiency of energy production and converts 30 per cent of solar energy ...
  • Morocco signs over $2 billion investment deal in Ethiopia November 20, 2016
    400x225_350082Morocco signed an agreement on Saturday to invest over two billion dollars in Ethiopia over a five year period to build a fertilizer factory. The $2.4 billion to be invested between 2017 and 2022 in the 100 acre factory near the eastern city of Dire Daoua is expected to make Ethiopia self-sufficient by 2025. The deal was ...
  • Kenya exempts entry visas for Egyptians: Kenyan vice president November 17, 2016
    2016-636149187119280185-928Kenya has exempted pre-obtained entry visas for Egyptians looking to visit the country, the vice president of Kenya William Ruto announced during a visit to Cairo. Ruto said at a press conference that Egyptians can now obtain their visas to the fellow African country upon arrival in Kenya. Ruto’s visit came at the behest of Kenyan President ...