Category: Regions

South African oil and gas company SacOil will join the consortium of Taleveras Group, Gunvor Group and the Strategic Fuel Fund in developing the Bioko Oil Terminal tank farm in Equatorial Guinea. On October 30, 2015 the Ministry of Mines, Industry and Energy signed an MoU with Taleveras Group, Gunvor Group and the Strategic Fuel

East Africa is emerging as a hotspot for impact investing that promotes not just profits but also sound environmental and social principles. In the past five years, about $9.3 billion in impact investment funds has flowed into the region. Nairobi has been identified as the hub of the funding and headquarters of the managers handling

India’s Raymond Ltd Company has concluded an agreement with the Ethiopian Investment Commission to invest in Ethiopia a US$100 million in Hawassa town. Genet Zewde, Ethiopia’s Ambassador to India, said it took us seven years to bring Raymond to invest in Ethiopia, adding, as the largest integrated manufacturer of worsted fabric globally, its engagement in Ethiopia will

The Nigerian electronic commerce sector is expected to expand further to as much as $13 billion (N2.5 trillion) in value. Almost 80 per cent of the Nigerian population is projected to enjoy mobile broadband access and 20 per cent fixed line access. Prior to the commencement of the cashless transactions policy in 2012, the sector recorded

Philip Morris International (PMI), the largest buyer of tobacco in Tanzania, is ramping up efforts to implement its Sustainable Tobacco Production model among the nation’s 65 000 contracted tobacco-growing families. PMI purchases tobacco from three suppliers in Tanzania, contributing more than US$150-million annually to the economic development of the country’s rural areas. PMI Director Leaf Africa

flydubai’s inaugural flight landed in the capital city of Eritrea, Asmara on 25th September, 2015. As it landed at Asmara International Airport, senior Eritrean officials including Tesfaslassie Berhane, Minister of Transportation and Communication, Askalu Menkorios, Minister of Tourism and Paulos Kahsai, Director General Civil Aviation Authority welcomed the flydubai delegation led by Sudhir Sreedharan, Senior

The Ethiopian leather industry was successful in  beating back competition from China by adopting some unique and innovative methods Some time around the year 2000, the Ethiopian shoe industry faced an unprecedented period. The market began opening its doors to cheaper, shiny and attractive plastic shoes from China that left local dealers anxious about the

Two thirds of all device units sold in Kenya for the last two years have been smartphones, says the country’s largest mobile operator by market share Safaricom. Safaricom, which is Kenya’s biggest mobile operator with over 20 million subscribers, says that there has been a consistent rise in demand for smartphones in the country. The company

Emirates has frequent promotions where the airline offers its Ethiopian and Kenyan customers a free UAE visa when booking a ticket to Dubai to further increase its share of the continent’s air traffic. Offering free tourist visas is but one of the popular marketing play employed by some airlines as they aggressively push for an ever

Mozambique is fast emerging as one of the most preferred investment destination in Southern Africa as more and more companies plan to set up assembly plants and establish distribution hubs in the country. Belarus plans to set up a partnership with Mozambican businesspeople to assemble agricultural tractors in the East African country using parts manufactured

Recent discoveries of coal and gas transform country’s economic outlook… A construction boom is underway in Mozambique, concrete proof of the ongoing economic revolution in the country. You can see new buildings and shopping centres being built everywhere in Maputo, the capital city of Mozambique. Growth hit 7.1 per cent last year, accelerating to 8.1 per

What will coastal cities do as rising sea levels slowly claim more and more of their territory? The Nigerian megacity of Lagos is showing the world one way of tackling that problem – but it’s one with tremendous financial and social costs. Located along the west coast of Africa on the Gulf of Guinea, Lagos

Eko Atlantic City is a planned district of Lagos, Nigeria, being constructed on land reclaimed from the Atlantic Ocean. It is located on Lagos’ Bar Beach. Upon completion, the new island which is still under development is anticipating 400,000 residents and a daily flow of 250,000 commuters. The development will also have a positive environmental

Introduction of new law attracts international investors to Nigeria. Local residents complain… In a bid to encourage vehicle assembly in Nigeria, the Federal Government has initiated new laws to discourage vehicle importation into Nigeria. According to a recent circular “fully built units (FBU) cars falling under H.S. Code 87.03 shall attract a duty of 35

Africa’s agriculture sector can emerge as the food provider to the world by implementing better policies… After years of neglect, Africa’s agriculture sector is finally being recognised as a powerful driver of the continents growing economy. Agriculture and the business of buying and selling agricultural produce grown in Africa now accounts for nearly half the

Practical improvements for movement of goods, transport, capital and services across West Africa What if truck carrying rice from a port in Ghana could arrive in Burkina Faso in three days instead of nine? What if people crossing from Togo into Benin could do so in 10 minutes instead of one hour? What if an