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Page : 322 - Results of 3211 to 3220 from 15976 Results

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19/05/2023
In the last twelve months, several African countries, including Kenya, Zimbabwe, Egypt, Uganda, and Angola have launched satellites into space. Other countries such as Côte d'Ivoire and Tanzania are finalizing plans for the launch.  Tanzania plans to build its satellite, local media outlet The Citizen reported, quoting President Samia Suluhu Hassan (photo). Details such as the type of...
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19/05/2023
With billions of dollars in agreements for hydrogen projects, Egypt needs a legal framework to facilitate the development of that segment, seen as a revolution in the energy industry.   Last Wednesday (May 17), during a meeting chaired by Prime Minister Mostafa Madbouly, the Egyptian cabinet approved a draft law to support green hydrogen projects and companies. The law provides...
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19/05/2023
Witness by Hon. Khalid S. Mohamed, the ministry of infrastructure communication and transport, Tony Stenning, Regional Director of Southern Africa at AGL (Africa Global Logistics), and Nahaat Mahfoud, CEO of Zanzibar Ports Corporation, signed the contract for the management of the Malindi Container Terminal at the Port of Malindi in Zanzibar on May 18, 2023. AGL will be responsible for cargo...
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19/05/2023
With the acquisition, the South African group reinforces its partnership with Khula, which specializes in the distribution of agricultural inputs and service provision. Absa hopes the deal will help improve its offers to SMEs in the agriculture value chain.  Absa Group, Africa's 5th largest bank by total assets ($105.47 billion as of December 31, 2022) announced on May 12, the acquisition...
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18/05/2023
Despite Beijing’s efforts to rebalance its trade relationship with Africa, China’s imports from Africa recorded a two-digit decrease in the first fourth months of this year.  Trade between China and Africa reached $94.4 billion in the first four months of 2023, up by 8.9% compared to the same period the year before. The data was published by China’s general customs office. From...
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18/05/2023
Less than 10% of DR Congo’s arable lands are cultivated, despite the country being among the African nations with the greatest agricultural potential. This is because the country strongly depends on imports to meet its food demand. In the Democratic Republic of Congo (DRC), the Agricultural Sector Emergency Recovery Program will cost over $1 billion. This was disclosed by the country's...
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18/05/2023
The slight increase spurred by the rate is explained by the increase in food inflation. On the other hand, core inflation was down 0.38 percent to 1.46 percent in April 2023. In April 2023, Nigeria's headline inflation rose slightly to 22.22 percent month-to-month. According to the recent CPI index published by the National Bureau of Statistics (NBS), last Monday (May 15), this is up by 0.18...
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18/05/2023
The Board of Directors of the African Development Bank has approved a $15 million subordinated loan to Infrastructure Credit Guarantee Company Limited (InfraCredit) to strengthen its capital base and help close Nigeria’s infrastructure financing gap. The financing will enable InfraCredit to leverage domestic capital markets to bolster access to long-term local currency infrastructure...
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17/05/2023
Africa is highly vulnerable to climate change, and its impacts flooding, droughts, cyclones, sea-level rise are already driving shifts in how Africans grow food, live, and earn their livelihoods. Yet, most of the climate funding for the continent goes toward climate mitigation rather than adaptation. This is a problem, partly because adaptation creates well-paying jobs and diversifies economies,...
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17/05/2023
AGL Egypt, the leading logistics operator in Egypt, is proud to announce the successful delivery of a massive cargo to one of its Egyptian clients' sites. The operation involved the transportation of a heavy cargo, measuring 39 meters long and weighing 170 tons, to the client's site specializing in the oil and gas industry. Under the leadership of Osama Sedawy, General Manager of AGL Egypt, the...
 

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