Africa Europe Finance Headlines International

France’s Macron pledges to invest $2.8 billion in Africa

French President Emmanuel Macron who is touring East Africa, with stops in Djibouti, Ethiopia and Kenya, has pledged to invest $2.8 billion in Africa by financing and supporting startups and small- to – medium-sized enterprises by 2022. Macron, who started his trip to East Africa Monday, said the French government would support about 10,000 enterprises […]

Africa Europe Headlines International

France’s Macron pledges security, environment cooperation with Kenya

President Emmanuel Macron of France Wednesday vowed to establish security and environment cooperation between his country and Kenya as he kicked off the third and last leg of his East African tour that brought him to Djibouti and Ethiopia. “We want to improve cooperation in the region from the security and defense point of view,” […]

Africa Energy Headlines International

Rural electrification: Uganda seeks distribution transformers

The Rural Electrification Agency of Uganda has received funds for the acquisition of supply and delivery of self-protected distribution transformers. Self-protecting distribution transformers incorporate a circuit-breaking safety system that shuts down the transformer in the event of an internal fault.   The Rural Electrification Agency in a notice release earlier this week invites sealed bids […]

Africa Energy Headlines International

Nairobi diesel power plant to be converted to gas-fired generators

The Johannesburg Securities Exchange (JSE)-listed AEP Energy will convert the two diesel-fired Nairobi power plants it’s acquiring from Iberafrica to gas-fired generators whose electricity is cleaner and cheaper, the company said.   The South African giant is buying out Spanish company Naturgy Energy Group, which held 100 per cent shareholding in the Iberafrica diesel plants […]

Africa Energy Headlines International Morocco

Offshore wind energy: World Bank eyes Africa, developing countries

The World Bank will soon launch a new program aimed at fast-tracking offshore wind energy in Africa and other developing countries, the Washington-based group said. According to Riccardo Puliti, senior director and head of energy and extractives at the World Bank, the International Finance Corporation (IFC) will join the group in helping emerging markets assess […]

Africa Headlines International

Niger creates new company to fight cross-border crime

Niger has just created a new Mobile Border Control Company in Birni N’Konni (south), near the border with Nigeria, to fight organized cross-border crime, reported African Daily Voice, quoting an official source. The signing of the training agreement, which marks the launch of the first training cycle of 263 Niger police officers for the new […]

Africa Asia Finance Headlines International

UAE Khalifa Fund supports Togolese SMEs & SMIs with $15 million

The United Arab Emirates’ Khalifa Fund for Enterprise Development will support Togolese micro, small and medium-sized enterprises and industries with $15 million as part of the UAE’s efforts to support development programs in a number of friendly countries and also in a bid to enhance relations between the UAE and Togo. The $15 million agreement […]

Africa Europe Headlines International

Macron tours Eastern Africa to leave French marks amid Chinese growing influence

President Emmanuel Macron of France kicked off Monday a four-day tour in Eastern Africa with the first leg in Djibouti followed by Ethiopia and Kenya where the French leader will co-chair UN-sponsored One Planet Summit. The trip to Djibouti, a French former colony, is the first in a decade by a French President after Sarkozy […]

Africa Energy Headlines International

Winch Energy lights up 24 communities in Sierra Leone

Winch Energy Ltd, a global energy developer and technology integrator focusing on off-grid renewable power projects has announced that it has signed a contract with the Ministry of Energy in Sierra Leone to provide electricity to 24 towns and villages. The project that will be implemented in northern Sierra Leone through solar mini-grids is part […]

Africa Headlines International Morocco

Ethiopian Airlines Crash: Two Moroccans among 157 Victims

Two Moroccan passengers were among the 157 people killed in the crash of an Ethiopian Airlines jet, which crashed Sunday six minutes after takeoff, near Tulu Fara village outside the town of Bishoftu, 40 miles south-east of the Ethiopian capital. The identity of the Moroccan victims has not been revealed yet. Citizens of at least […]