African Airlines have lost $400m since the outbreak of the coronavirus in China in February, according to the global airline industry body. In recent months, airlines like South African Airways, Royal Air Maroc, Air Tanzania, Air Mauritius, EgyptAir, RwandAir and Kenya Airways have suspended flights to and from China. The continent’s largest airline, […]
The German development agency, Kreditanstalt für Wiederaufbau (KfW), has signed an agreement with Zambia related to the rehabilitation and extension of a hydroelectric power plant. The agreement reached between the Zambia Electricity Supply Corporation (Zesco) and KfW involves a $46 million loan for the rehabilitation and expansion of the Chishimba hydroelectric power plant in Kasama […]
Morocco’s OCP Group and the Ethiopian government have signed an agreement to develop a fertilizer plant in gas-rich Dire Dawa in northern Ethiopia, for a total investment of up to $3.7 billion dollars, as announced by the Ethiopian Ministry of Finance. A visiting Ethiopian delegation led by the country’s Minister of Finance, Ato Ahmed Shide, […]
