First Independent Mena Newspaper
Saudi Arabia Tuesday announced it channeled $250 million to the Sudanese Central Bank, half of the $500 million promised with United Arab Emirates (UAE) in April to ease the financial crisis in the African country. The $250 million deposit is Saudi Arabia’s contribution. The same amount was pledged by the UAE in April. The two […]
The President of African Development Bank (AfDB), Akinwumi Adesina, challenged governments in Africa to play a leading role in providing jobs for Africans, saying it was time for African governments to begin to shift from youth empowerment to youth investment. Adesina who was speaking over the weekend at the 5th Tony Elumelu African Entrepreneurship forum […]
Ministers of the Steering Committee for the Institutional Reform of the Economic Community of Central African States (ECCAS) have adopted a new Community public procurement code. This new governance instrument, which contributes to the revision of the ECCAS Financial Regulation, aims to regulate the procurement process in the regional bloc and institutions of the sub-region. […]
The South African Democratic Alliance has requested the Government to give updates on the investigations carried out on the alleged sexual harassment scandal involving Algerian ambassador to South Africa, pointing out that the wheels of justice seem to have come to a grinding halt in this case. The Democratic Alliance (DA) has submitted urgent Parliamentary […]
Morocco’s OCP Group, the world’s first producer and exporter of phosphate in all its forms, continues expanding its African partnership aimed at unlocking Africa’s vast agricultural potential and contributing to the continent’s food security. Its subsidiary OCP Africa has teamed with Ghana’s ministry of food & agriculture (MOFA) to launch Mid-July in Nasia ‘Agribooster […]
South Sudan’s minister of petroleum Awow Daniel Chuang on Thursday said the world’s youngest nation aims to attract international finance to help develop its oil and gas sector during the upcoming third oil and gas conference in Juba. According to Mr. Chuang, the country seeks investments to revive redundant projects in the oil and energy […]
The United Nations Industrial Development Organization (UNIDO) has announced that it will support Tanzania in hosting the 4th Southern African Development Community (SADC) industrialization week next month. Tanzania will host the 4th SADC Industrialization Week August 5-9 under the theme: “A Conducive Business Environment for Inclusive and Sustainable Industrial Development.” According to Stephen Kargbo, UNIDO […]
The African Development Bank (AfDB) has approved about $300 million to finance trade and economic development in the Common Market for Eastern and Southern Africa (COMESA). The $300 million support facility for the Eastern and Southern African Trade & Development Bank (TDB) was announced on Wednesday. According to AfDB, the COMESA regional trade and project […]
The European Investment Bank and the International Finance Corporation have announced €47.5 million to finance the construction of two photovoltaic solar power plants In Senegal. The infrastructure will be installed by Engie in collaboration with other partners. According to local media, the two photovoltaic solar power plants will be installed in Kahone and Kael and […]
Côte d’Ivoire and Russia, this week, signed a memorandum of understanding to strengthen bilateral cooperation in several areas, including security & stability, education, energy, industry and the fight against terrorism. The document was signed during a visit of Ivorian Foreign Minister Marcel Amon-Tanoh to his Russian counterpart Sergei Lavrov. Besides bilateral cooperation, the two […]