Year 6 | Edition 29 | 6 August 2019

Senegal adopts gas-to-power agenda for universal electricity access

As gas-to-power is a major pillar of Senegal’s strategy to provide universal power access and increase economic competitiveness, the country aims to obtain sufficient energy sources while reducing the electricity shortage among its people.

Africa is leading the liquefied natural gas (LNG) global race as it will receive one-third of total global greenfield investments for LNG projects in 2019, around US$103bn. Senegal is leading the way with its giant Grand Tortue Ahmeyim (GTA)...

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Air Tanzania to launch flights to London

Air Tanzania has received landing slots for the launch of flights to London's Gatwick Airport. In preparations for the launch of flights to the United Kingdom later this year, next to resolve for the airline will be other related licences and the process is already underway.

The carrier is planning to operate three flights a week, using B787 Dreamliner, to fly from Dar es Salaam via Kilimanjaro to Gatwick, every Wednesday, Friday and Sunday...

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[Column] Sachen Gudka: It is time for Kenya to capitalize on its export potential

Pursuing export-led industrialization puts a country in a sustainable socio-economic development path.

This was highlighted during the Source 21 COMESA International Trade Fair held a few weeks ago, which saw government representatives from COMESA trade bloc showcase the need for opening up our markets, diversifying our manufactured goods and increasing our production...

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[Nigeria] NCC reassures telecoms consumers of protection in the wake of crackdown on interconnectivity debts

The Nigerian Communications Commission (NCC) has reassured the over 174 million telecoms consumers of their protection from suffering any service disruption as a result of the ongoing regulatory intervention towards resolving the rising interconnectivity debts among telecoms operators in Nigeria.

The Commission also called on debtor operators to settle interconnect debts owed their creditor networks without further delay to prevent possible revenue drop and customer...

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Egypt announces new gas discovery in Nile Delta area

The Egyptian petroleum ministry has announced a new gas discovery in the Nile Delta area with an estimated production of 20 million cubic feet per day, which would help the North African country become a regional energy hub.

According to a ministry statement, the discovery was made by Petrobel-Belayim, an Egyptian petroleum company which manages gas and oil projects in the Nile Delta area...

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[Column] Maria Auma: Let's really talk AfCFTA

Finally! Africa seems to have woken up! Or at least her leaders have. Or have they? It is sad that it had to take nearly two decades for the continent to realize that a unified continent benefits the people in her country.

I did write a post related to this where I criticized Africa’s inability to create an enabling environment for entrepreneurs. I guess someone did read that blog and decided to act on it. But let’s be clear - this is not just about increasing GDP, or...

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News Headlines

11-12-2019 | 14:08:00
World Bank launches new Country Partnership Framework for Republic of Congo
The World Bank Group has endorsed a new five-year Country Partnership Framework to support Republic of Congo’s development objectives for 2020-2025.

11-12-2019 | 13:56:00
Senegal leads opportunity boom in the MSGBC Basin
In the context of what PwC’s Africa oil & gas review 2019 describes as an exciting growth phase for the continent fuelled by large oil and gas discoveries and subsequent increased investor appetite, the MSGBC Basin shines through.

11-12-2019 | 13:22:58
DOF Subsea secures integrated FSV contract in Africa
Norway’s DOF Subsea has entered into a 2 month long contract with an international energy client in Africa.

10-12-2019 | 13:08:00
Travelstart to power Jumia Travel’s pan African online travel booking portal
Travelstart has entered into a distribution and commercial agreement with Jumia Travel to power the latter’s pan-African online travel booking portal.

10-12-2019 | 12:36:00
USTDA advances petrochemicals development in Egypt
The U.S. Trade and Development Agency awarded a feasibility study grant to the Egyptian Petrochemicals Holding Company (Echem), for what will be Egypt’s first polyoxymethylene (POM) plant.

10-12-2019 | 12:06:00
First homes in Kenya ready in landmark affordable housing initiative
Kenyan President Uhuru Kenyatta launched the first project as part of an ambitious 100,000 affordable homes agreement between the government of Kenya, UNOPS, and Sustainable Housing Solutions.

10-12-2019 | 11:55:15
Total awards Ocean Infinity for 2D high resolution seismic survey in Angola
Ocean Infinity, the next generation sub-sea technology and data company has been awarded a contract by Total E&P Angola.

10-12-2019 | 09:38:00
DBSA concludes $81.30m loan facility with Mozambique’s EDM
The Development Bank of Southern Africa (DBSA) has provided finance to the Government of Mozambique's national energy utility, Electricidade De Mocambique, EDM.

10-12-2019 | 09:15:00
[Egypt] GCR grants rating upgrade to Afreximbank
Global Credit Rating (GCR) has announced an upgrade of the African Export-Import Bank’s (Afreximbank) long-term international scale rating from BBB+ to A-.

10-12-2019 | 09:01:00
EU deepens Ethiopia cooperation with €170m package
On the occasion of her first official visit outside Europe, the new President of the European Commission, Ursula von der Leyen, announced in Addis Ababa, a significant boost to the EU's cooperation with Ethiopia.

10-12-2019 | 08:45:00
EU steps up economic partnership to boost job creation in Kenya
The European Commission (EU) announced two new programmes totalling €31 million to boost investment and create jobs in Kenya.

10-12-2019 | 08:20:00
Top Employers Institute announces the coveted group of Africa’s top employers 2020
Top Employers Institute, a global organization dedicated to accelerating the impact of people strategies to enrich the world of work, has announced Africa’s Top Employers for 2020.

10-12-2019 | 06:55:00
TDB, EIB deepen partnership with $120m 15-year SME, climate action facility in Eastern, Southern Africa
The Trade and Development Bank (TDB) and the European Investment Bank (EIB), signed a USD 120 million 15-year SME and climate action facility to grow the relationship between the Eastern and Southern African countries.

10-12-2019 | 06:25:00
World Bank approves action plan following inspection panel investigation of Uganda energy, water projects
The World Bank considered a Management Report and approved a Management Action Plan that respond to an independent Inspection Panel investigation of the Uganda Energy.

09-12-2019 | 10:30:00
Potential supply chain issues and how to handle them
It’s almost a science to get the supply chain operating just right as business owners need to factor in everything from shipping (import and exports), the manufacturing process, inventory, materials, logistics, and more.


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