Egypt’s Real Estate Chamber explores investment opportunities in Libya
Egypt's Real Estate Development Chamber (REDC), part of the Federation of Egyptian Industries (FEI), has started exploring significant investment opportunities in Libya's reconstruction efforts. Osama Saad El-Din, Executive Director of…
Nigeria targets 24-hour power supply in 5 years
The Managing Director of the Transmission Company of Nigeria (TCN), Engr. Sule Abdulaziz has expressed optimism that Nigeria will achieve a 24-hour power supply across the nation within the next…
Africa development: AFDB, Japan sign new loan deal
The African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA) signed a loan agreement worth 51.67 billion yen ($421 million).The country has been the largest donor to the…
Tanzania, Zambia to build new interconnector lines
Tanzania has established a link with Zambia to help resolve its electricity crisis, the country's prime minister said at the International Energy Week conference in Singapore on Monday.“We have some…
Dangote becomes 65th richest man in the world
Business Mogul Alhaji Aliko Dangote has become the 65th richest man in the world according to Billboard's Top 500 billionaires index report released yesterday.According to the report, Dangote's net-worth skyrocketed…
Nigeria partners China to build new steel plant
Inner Galaxy Steel Company Limited, a Chinese firm, has announced plans to invest $300 million in establishing a new steel plant in Ogun State, Nigeria. This development was revealed by…
Tech firm Ampersand opens new manufacturing facility in Nairobi
African electric vehicle (EV) technology company Ampersand has announced the opening of a new, larger manufacturing facility in Nairobi, tripling the company’s production capacity in Kenya.This strategic expansion meets the…
Yellow Card to expand operations with $33M funding
African cryptocurrency startup Yellow Card has closed its Series C funding round after raising $33 million from a group of investors led by Blockchain Capital.Other investors in the round include…
Shell to remain in Nigeria despite Onshore Divestment
Shell Petroleum Development Company (SPDC) has reiterated its commitment to Nigeria, despite plans to divest from its onshore oil assets. Speaking at the 30th Nigerian Economic Summit in Abuja, the…
Why digital mobile payment is booming in Africa
Mobile payments have been booming in Africa over the past few years, revolutionising the way people conduct transactions and manage their finances. Several key factors contribute to this rapid growth…
