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business news

  • 2016-02-22       Nigeria and Japan sign US$11mn power supply deal
  • In a bid to improve emergency power supply facilities, the Nigerian government has signed an agreement with Japan requiring the latter to provide a grant worth US$11mn for the upgrade of two substations in the Federal Territory (FCT) and Na...

  • 2016-02-15       IDC to invest US$10mn in DR Congo's tin project
  • Industrial Development Corporation (IDC), South Africa's state-owned development finance institution, has acceeded to an investment of US$10mn in Alphamin DRC, which is the operating subsidiary of the mineral exploration company Alphamin Re...

  • 2016-02-01       Kenyan port and airport to be connected via US$31mn road
  • A road connecting Port Reitz and Moi International Airport in Kenya has been commissioned by President Uhuru Kenyatta The road is being financed by UKs Department of International Development (DFID) through Trademark East Africa (TMEA) with...

  • 2016-01-25       Algeria and China to build US$3.3bn port
  • Algeria and China have signed a US$3.3bn deal to build a new transshipment port around 60km west of Algiers The agreement was signed between Algerias transport ministry, China Harbour and Engineering Company (CHEC) and China State Construct...

  • 2015-12-18       KFAED and Rwanda sign US$15mn agreement for road development
  • The Rwandan government and the Kuwait Fund for Arab Economic Development (KFAED) have signed a US$15mn concessional loan to support the construction of the Nyagatare-Rukomo road project in Rwanda The project entails a seven metre-wide and 7...