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Congress passes 'Electrify Africa Act'

iPowerBy Bamzi Banchiri, Staff

WASHINGTON, February 05, 2016 (The CSMonitor) -- The United States initially committed $7 billion for the project, but it has since leveraged nearly $43 billion. After two years of failed attempts, Congress has passed the Electrify Africa Act, which seeks to address the massive shortage of electricity in many parts of sub-Saharan Africa

Read more... Friday, 05 February 2016 14:10
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Xi’s Visit Cements Egypt’s Place on the ‘Belt and Road’

By Shannon Tiezzi

CAIRO, Egypt, January 22, 2016 (The Diplomat) -- On Wednesday, Chinese President Xi Jinping arrived in Egypt, the second stop on his Middle East tour (following a visit to Saudi Arabia earlier this week, and ahead of a visit to Iran). While in Cairo, Xi declared that his time in Egypt would “cement and deepen the China-Egypt relationship in an all-round way and advance practical cooperation between our two nations for new achievement.”

Read more... Friday, 22 January 2016 09:00
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GPB Global Resources Expands Exploration Projects in Africa

By Kester Kenn Klomegah

MOSCOW, December 11, 2015 (Buziness Africa) -- While GPB Global Resources promising a multifaceted approach in financing projects, for instnace using internal funds or financing from foreign or Russian banks, and counting on local and international private investors to unite their capital, or financing from foreign or Russian banks, the Netherlands registered Russian company GPB Global Resources has indicated in a recent interview that it would strengthen its investment portfolio in a number of African countries.

Read more... Friday, 11 December 2015 11:46
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Rwanda to Present Top Investment Projects At London Global Summit

By Collins Mwai

KIGALI, Rwanda, December 01, 2015 (The New Times) -- Rwanda is today presenting its most bankable investment projects at The Global African Investment Summit that opened in London. The projects spanning across four sectors; Natural resources, Power, Agri-business and infrastructure are worth over USD 5 Billion.

Read more... Tuesday, 01 December 2015 14:30
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Africa Gears for Infrastructural Boom

By Jeffrey Moyo

HARARE, Zimbabwe, Nov 13 2015 (IPS) - The upcoming week for the Programme for Infrastructure Development in Africa (PIDA), which runs from November 13-17 in Abidjan, the capital city of Ivory Coast, is set to throw this continent into the full gear of infrastructural boom, development experts here say.

Read more... Friday, 13 November 2015 10:12
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Tanzania: Norway - Reliable Development Partner

BernardKMembeBy Ashery Mkama

DAR ES SALAAM, Tanzania, Sept 23, 2015 (Tanzania Daily News) -- THE official visit to Tanzania last week of more than 50 Norwegian business leaders led by Minister of Trade and Industry, Ms Monica Maeland, has come at a time when bilateral business ties are witnessing strong momentum.

Read more... Wednesday, 23 September 2015 14:33

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