Africa Finance International Technology

Senegal: Over $50 million to digitalize health system

The Senegalese government has earmarked $50.2 million to finance the digitalization of the country’s health system, a top official of the health sector told State-run news agency APS. “The Senegalese government made digital health a priority several months ago. It has agreed to allocate $50.2 million to address the issue,” said Ibrahima Khaliloulah Dia, Coordinator […]

Energy Finance Tunisia

Tunisia gets $268.4 million loan from World Bank to finance power connection project

The World Bank Thursday approved a $268.4 million loan to Tunisia earmarked for financing electricity connection with Italy, State-run news agency TAP reports. The electrical interconnection project known as ELMED is set to provide a 230 km-long 600MW connection to Italy’s Sicily. ELMED will produce a quantum leap in the integration of the electricity markets […]

Africa Business Finance Headlines International

Afreximbank’s flagship ‘Africa Trade Gateway’ launched to facilitate business

The Africa Trade Gateway (ATG) — a suite of five digital platforms designed as a single window — was officially launched by the African Export-Import Bank (Afreximbank) in Accra this week. The ATG is designed to enable the Afreximbank better deliver on its mandate by providing critical services to support and promote African trade and […]

Africa Emerging Markets Finance International

Bill Gates urges Nigeria’s leaders to do more to help ordinary people amid economic reforms

Bill Gates who is visiting Nigeria this week has urged the government to increase funding for vital solutions, emphasizing the West African nation needs to do more than $10 per person for health care each year. The American business mogul, co-chair of the Bill & Melinda Gates Foundation, is in Niger and Nigeria this week […]

Business Editorials Emerging Markets Headlines Morocco

Morocco’s OCP plans its own ammonia plant worth $7 bln

Morocco’s fertilizer manufacturer, OCP, said it plans to invest 7 billion dollars in an industrial complex that will help it produce green ammonia from hydrogen produced from renewable energies in the southern region of Tarfaya. The project- which will also include a desalination plant- is part of the already announced $13 bln-project to fully shift […]

Africa Business Emerging Markets Features Headlines International

Senegal to stage first “Invest in Senegal” Forum on July 6-8

Senegal’s investment promotion and grand projects agency, APIX, will organize on July 6-8 the country’s first “Invest in Senegal” Forum seeking the development of local and regional markets. APIX in a statement argues that the event is meant to draw benefits of the African Continental Free Trade Area (AfCFTA) and promote investment opportunities in Senegal […]

Business Emerging Markets Features Headlines Morocco

IMF Chief Impressed by Morocco’s Economic progress

The Moroccan economy has made remarkable progress and impressive export growth, particularly in industrial sectors such as automotive and renewable energies, said Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. “Morocco has exported 700,000 cars, which shows the country’s upward trend in this highly competitive sector. The North African Kingdom also manufactures aircraft […]

Africa Asia Business Emerging Markets Headlines International

South Korea keen to invest in several areas in Niger

South Korea is considering investing in multiple areas in Niger, chairman of the Asian country’s Private employers’ Council told President Mohamed Bazoum. Chey Tae won “Anthony” who also doubles as Chairman of SK Inc., a holding and IT services company headquartered in Seoul, met with the Nigerien leader in Paris. Both sides, according to the […]

Africa Business Features Finance Headlines International

Nine African countries join Afreximbank’s PAPSS platform in push for ‘de-dollarization’

A pan-African payment system that would allow African nations to trade among themselves, using their own currencies, is gaining momentum, as the platform has recently started commercial operations with nine countries having signed up so far, according to the Afreximbank President Benedict Oramah. The African Export-Import Bank — or Afreximbank — expects 15 to 20 […]

Business Emerging Markets Headlines Morocco

Morocco’s aviation sector experiencing “remarkable” evolution, a business strategist tells Forbes

Morocco’s aviation sector is experiencing “remarkable” evolution, and the Kingdom, a vibrant and strategic country in North Africa, is emerging as a key player in this field, states US Forbes Magazine in an article by a business strategist. “The global aviation industry is expected to grow over the next 10 years, and I believe Morocco […]