Tanzania's $10 billion Bagamoyo Port Still in Tussle
Tanzania has said that it is open to discussions with investors on the $10 billion Bagamoyo Port project. Construction has stalled over tussles from the foreign investors and the government. [...]
Africa's Financial Markets Showing Strong Growth Prospects AFMI 2019
According to the 2019 edition of the Absa Financial Markets Index report, there are very high growth prospects for African economies. The aim of the report is to show not [...]Somalia Eyes Infrastructure Boost if International Creditors Erase $5 Billion Debt
Somalia will embark on a journey to reduce poverty and establish its infrastructure if global lenders write off its debt. The country plans to build major regional ports and create [...]Barrick Gold To Resume Operations in Tanzania After Settling $300 Million Tax Dispute
Barrick Gold, the world's largest gold mining company, has announced it will resume its operations in Tanzania after agreeing to pay $300 million in tax disputes. An agreement between the [...]Tolaram, the Indomie Manufacturer, to Build West Africa's Largest Port
Singapore based Tolaram group is closing financing deals to build the busiest port in West Africa. The company famously known for indomie noodles will build a $1.1 billion port, delving [...]AZA (formerly BitPesa) Receives $15 Million Funding from SA lender
The Development Bank of Southern Africa( DBSA) has extended a $15 Million funding to AZA, which was formerly known as Bitpesa. The company has also undergone a rebranding of its [...]Rwanda's First Dry Port Officially Launched
Kigali Logistics Platform, Rwanda's first dry port, has been officially launched, covering over 130,000 square meters, including a 12,000-square meter container yard and a 19,600 square-meter warehousing facility, with an [...]The 10 African Startups selected to pitch before Jack Ma in Ghana
The Africa Netpreneur Prize Initiative (ANPI) has identified the top 10 finalists for its grand finale event taking place in Accra, Ghana on 16 November 2019. The finalists were chosen [...]
Seacom Partners With Vodacom to Expand Services in Africa
Seacom is teaming up with Vodacom Business Africa to establish its footprint in Africa. The partnership will allow both companies to develop their network connectivity across the continent. On the [...]Sudan and Ethiopia Agree to Build a Joint Crude Oil Pipeline
Sudan and Ethiopia have agreed to build a joint pipeline that will connect the two countries. The partnership was agreed on last week when the Minister of Energy and Mining [...]South African Firm Launches Programme for Female Fund Managers
The South African Private Equity and Venture Capital Association (SAVCA) has launched a Fund Manager Development Programme that aims to increase black-owned, female-owned, and female-led fund management companies. The South [...]Tanzania to Pay StanChart Bank $185 Million for Breach of Contract
The International Centre for Settlement of Investment Disputes (ICSID) ordered Tanzania’s Government to pay Standard Chartered Bank Hong Kong $185.4 million (KSh19 billion) for breach of contract. According to the [...]
