Gemcorp Holdings Ltd. (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) have announced the financial close of Cabinda Oil Refinery in Angola with a US$335-million project financing facility. The announcement comes as the project spearheaded by Gemcorp, a UK-based asset management company, to build a refinery in Angola has been well behind schedule, […]
Africa’s leading tourism operators, counting 450 delegates from 43 countries, are attending a three-day Africa Tourism Leadership Forum in Gaborone, Botswana, to discuss how to revive the industry ravaged by the Covid-19 pandemic. With intra-African travel at the top of the agenda, Botswana’s President Mokgweetsi Masisi told attendees they need to focus on ways to […]
Moroccan startup MOLDIAG, created by the Foundation for Advanced Science, Innovation and Research (MAScIR), has launched the large-scale production of a 100% Moroccan diagnostic kit for COVID-19. The startup, which obtained, in May 2020, national and international validations, has already received a first order of 100,000 units from the Ministry of Health, MAScIR said Thursday […]
