Sirieco, a Slovak company plans to set up a plant in Nigeria, to assemble electric cars and manufacture the new-generation incandescent bulbs, the company’s CEO Groidis Peter announced during a recent visit to the West African nation. The plant will be located at Calabar in Cross River State, southeast Nigeria, Groidis Peter said. The Governor […]
Africa
UNCTAD, Mauritius set up fisheries regional center of excellence
UNCTAD and Mauritius have signed a memorandum of understanding to open a new center of excellence for the fisheries sector in developing countries. The center will serve as a practical site for putting policy recommendations for least developed countries (LDCs) into action and will bring together experts, researchers and policymakers from the LDCs and other […]
Cape Town: 10,000 decision makers to attend African Utility Week
Cape Town hosts this May 14-16 the African Utility Week dedicated to African professionals working in the electricity, energy and water sectors. Gathering professionals from the water and energy sectors in Africa, the meeting will focus on the production, distribution and storage of energy in the continent. The event, taking place in conjunction with PowerGen […]
Oil investment: British-supermajor BP to explore offshore Gambia
British oil giant BP has signed an agreement with Gambia’s government to explore offshore hydrocarbons potential in the West African nation. The London-listed company now has “the legal rights” to explore for oil and gas potential in block A1 offshore Gambia, the office of the Gambian president Adama Barrow said in a statement. Block A1 […]
Drought-hit Namibia decrees state of emergency
The government of Namibia has declared a national state of emergency in view of the drought that has hit several areas in the country. A statement released by the Presidency of the Southern African nation said, “the State of Emergency exists on account of the natural disaster of drought in all regions of the Republic […]
Gabon seeks contractors for eight solar power plants
The government of Gabon has launched a call for tenders for the construction of eight solar power plants following a partnership agreement signed in August 2018 with the French company Engie. Through Engie’s subsidiary Ausar Energy, the government plans to launch the construction of eight dams in the Central African nation. According to the Deposit […]
Poverty: World Bank to boost lending to Africa
The World Bank’s new president, David Malpass, announced over the week plans to boost lending to African countries to help fight poverty. Malpass made the statement after touring Madagascar, Ethiopia and Mozambique on April 29-May 3. He met with these countries’ leaders and stakeholders and visited World Bank-funded projects. Africa is working at reducing poverty […]
Ethiopia announces heavy investment in renewable energy
Ethiopia will inject huge investments in renewable energy transmission, Prime Minister Abiy Ahmed said. According to the Premier, China had agreed to invest $1.8 billion to improve electricity on the Ethiopia-Djibouti line, thereby increasing electricity supplies to Ethiopian cities and 16 industrial parks. Beijing made the pledge on the sidelines of the Belt and Road […]
World Press Freedom Day, an occasion to shed light on media freedom in Africa
The Economic Commission for Africa (ECA) has joined the continent’s journalists to celebrate World Press Freedom Day, emphasizing the important role of the media in facilitating free and fair electoral processes in Africa and pushing forward democratic processes. The event, hosted this year by Ethiopia, features various activities to mark the day and also assess […]
Sudan: Bashir to face probe in connection with terrorism funding, money laundering
Deposed Sudanese President Omar Bashir will be questioned by the country’s prosecution for alleged terrorism financing and money laundering. Prosecutor General Al-Waleed Sayyed Ahmed ordered Bashir’s questioning in connection with terrorism financing and money laundering suspicions, state-run news agency SUNA reported on Thursday. Bashir has been held in prison for one month since the army […]









