The Board of Directors of the African Development Fund approved a loan of $13.2 million to…
Category: Africa
Italian Company BF Launches $100 Million Agricultural Project in Ghana
In Ghana, the agricultural sector contributes 21% to the GDP and employs over 40% of the…
Egypt: MG Developments Partners with Infinity to Launch EV Charging Stations
MG Developments has entered into a partnership with Infinity, a prominent renewable energy company and electric…
Libya’s Largest Oil Field, Sharara, Fully Shuts Down Amid Allegations of “Political Blackmail”
Libya’s largest oil field, Sharara, has completely ceased production on Monday. This follows a gradual reduction…
Tanzania: Mtwara to Host $1.3 Billion Fertilizer Plant
Tanzania ranks as the third-largest fertilizer market in East Africa, following Ethiopia and Kenya. Despite this…
MTN Nigeria Reports $314 Million Loss in First Half of 2024 Amid Inflation and Naira Depreciation
For several months, Nigerian telecom operators have been vocal about the adverse effects of the national…
Wabtec Wins $277 Million Locomotive Contract for Guinea’s Simandou Iron Ore Project
Wabtec, an American railway company, has announced a $277 million contract to supply locomotives to SimFer,…
Algeria: Sonelgaz, Sonatrach, and ENI Explore Electrical Interconnection Project
The signing of this memorandum further solidifies Algeria’s ambition to strengthen its position as a major…
Gabon: Ayemé Plaine 120 MW Solar Plant to be Delivered in October (Solen)
The Ayemé Plaine solar power plant, touted as the largest solar energy production unit in Central…
IFAD Releases $2.4 Million in Funding for Togolese Agriculture
The International Fund for Agricultural Development (IFAD) has provided a fresh injection of financial support to…
Gabon’s Mayumba Power Plant: First 8.5 MW Expected by July 2025
Gabon is accelerating the implementation of its plan to achieve full electricity coverage throughout the country,…
Solar Energy Illuminates Path to Rural Electrification in Nigeria
Millions of Nigerians lack access to reliable electricity, particularly in rural areas. However, solar energy is…