Africa News

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Algerian highway boosted by bank

The African Development Bank (AfDB) has approved a loan of US$76.85mn, to finance the Constantine highway bypass project, phase II (Ain El Bey – …

Africa / 13-01-03 / by

Cashcows for Uganda?

The African Development Fund (ADF) has approved a loan of 23.74mn Units of Account (UA)* and a UA2.79mn Technical Assistance Fund (TAF) grant, totalling …

Africa / 13-01-03 / by

Oil flowing from Sudan

Ethiopia is to import oil from Sudan which could save the country up to US$7mn per year, the Ethiopian Petroleum Enterprise has announced. The …

Africa / 13-01-03 / by

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Bank pulls out of Tanzanian study

The African Development Bank (AfDB) has dropped the idea of funding a feasibility study for the Arusha-Musoma rail extension after learning that the Tanzania …

Africa / 13-01-03 / by

Nigeria suspends oil bloc licences

The federal government of Nigeria has suspended the much awaited licensing round for oil blocs in the Gulf of Guinea, throwing preparations by multinational …

Africa / 26-11-02 / by

Ex-Im backs equipment export to Nigeria

Nationwide Equipment Company (NWE), a medium-sized company in Jacksonville, Florida, will export used trucks, cranes and heavy construction equipment to HS Petroleum Limited (HS) …

Africa / 26-11-02 / by

Belgian ECA increases premium

Belgian export credit agency Ducroire/Delcredere has increased its premium on Cape Verde for the insurance of political risk with regard to medium/long-term export credits …

Africa / 26-11-02 / by