African Development Bank Group (AfDB)
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    • As the sole operator of ports, railways and oil pipelines, Transnet holds a unique position in the freight logistics sector in South Africa and the Southern African Development Community (SADC) region
    • South Africa boasts the highest level of railway infrastructure in Africa, covering around 30,000 km. It ranks as the world’s 14th largest in length and is notably well-developed compared to other emerging markets
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (1)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (2)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (3)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (4)
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Source: African Development Bank Group (AfDB) |

South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan

In addition to the corporate loan, the African Development Bank is contemplating two targeted grants, including $750,000 in technical support from the Sustainable Energy Fund for Africa

The African Development Bank Group (www.AfDB.org) has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans. The 25-year loan approved by the Bank Group’s Board of Directors on Friday, 12 July 2024, is fully…

African Development Bank Group (AfDB)
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    • New Africa Sustainable Development Report Shows Critical Importance of Scaled-Up Development Financing
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Source: African Development Bank Group (AfDB) |

New Africa Sustainable Development Report Shows Critical Importance of Scaled-Up Development Financing

The report provides an in-depth review of African countries progress towards five sustainable development goals and their 32 targets to meet the 2030 Agenda and the African Union 2063 Agenda

The United Nations Development Programme (UNDP), the United Nations Economic Commission for Africa (ECA), and the African Development Bank (AfDB) (www.AfDB.org), presented today the 2024 Africa Sustainable Development Report (ASDR), at an event held on the margins of the UN High-Level Political Forum for Sustainable Development in New York. Scaled-up…

Xylem
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    • 365 Days of Success: The Xylem Egypt Plant Celebrates its First Operational Year (1)
    • 365 Days of Success: The Xylem Egypt Plant Celebrates its First Operational Year (2)
    • 365 Days of Success: The Xylem Egypt Plant Celebrates its First Operational Year (3)
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Source: Xylem |

365 Days of Success: The Xylem Egypt Plant Celebrates its First Operational Year

Xylem and the Tiba Manzalawi Group's joint venture to manufacture pumps and HVAC systems in Egypt reaches a major milestone

The Xylem Egypt Plant, a joint venture between Xylem (www.Xylem.com) and the Tiba Manzalawi Group, has completed its first successful year of operation. Inaugurated in 2023 by Egypt's Minister of Trade and Industry, Ahmed Samir, the international pump manufacturing site produces and assembles modern pumping equipment for Middle Eastern and…

Network International
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    • EGBANK and Network International sign strategic partnership to enrich customer experience
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Source: Network International |

EGBANK and Network International sign strategic partnership to enrich customer experience

This partnership is a significant milestone in enhancing the banking experience for EGBANK’s customers and enabling the bank’s digital transformation with innovative solutions

Network (www.Network.ae) to support digital payment transformation in EGBANK’s ATM acquiring business; Agreement underscores Network’s commitment to innovation in payment solutions to cater to evolving needs of Egyptian market. Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has extended its ongoing strategic partnership with…

Deel
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    • Hofy cofounders
    • Alex Bouaziz, Deel CEO and cofounder
    • Four founders
    • Hofy product
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Source: Deel |

Deel is acquiring Hofy! (By Alex Bouaziz)

We’re bringing the best IT services and device lifecycle management in-house

By Alex Bouaziz, Deel (www.Deel.com) CEO and cofounder.  Over the past few years, running a global HR function has become increasingly complex: HR leaders are expected to keep up with ever-changing local hiring and payroll laws, create global performance management programs, and coordinate the challenging onboarding and hardware logistics with their global…

Energy Capital & Power
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    • Angola Oil & Gas (AOG) 2024 Leadership Track to Examine Synergies, Downstream Investment Opportunities
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Source: Energy Capital & Power |

Angola Oil & Gas (AOG) 2024 Leadership Track to Examine Synergies, Downstream Investment Opportunities

This year’s Angola Oil & Gas conference features a Leadership Roundtable track, with sessions delving into opportunities in downstream projects, synergies through collaboration and the role of national oil companies in Africa

Angola has up to 29 block opportunities available for investment covering onshore, offshore and marginal fields. Targeting heightened foreign investment, these opportunities are already attracting the interest of global players. Concurrently, the government is making strides to expand the downstream industry to support growing demand in regional markets. A Leadership…

Energy Capital & Power
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    • Francophone British Business Council (FBBC) Joins MSGBC Oil, Gas & Power 2024 as Strategic Partner, Promoting United Kingdom-Africa Investment
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Source: Energy Capital & Power |

Francophone British Business Council (FBBC) Joins MSGBC Oil, Gas & Power 2024 as Strategic Partner, Promoting United Kingdom-Africa Investment

The Francophone British Business Council enables access by UK companies to Francophone markets seeking partnerships and investment, including Senegal, Guinea-Conakry and Ivory Coast

The Francophone British Business Council (FBBC) has partnered with the upcoming MSGBC Oil, Gas & Power conference and exhibition – scheduled for December 3-4 in Dakar – highlighting energy sector opportunities for British investors and businesses in West Africa. The FBBC promotes trade between the UK and Francophone countries, including…

Source: United Nations Support Office in Somalia (UNSOS) |

United Nations Support Office in Somalia (UNSOS) Trains South West State Civil Aviation Firefighters

It is part of UNSOS’s ongoing efforts to build local capacity to ensure services at the Shaati Gaduud International Airport in Baidoa meet international standards

Twelve Somalia Civil Aviation Authorities, Airport Fire Rescue personnel from South West State have successfully completed a Airport Fire and Rescue course conducted by the United Nations Support Office in Somalia (UNSOS) Aviation Services to enhance Somalia’s safety aviation sector. The course held in Baidoa - the administrative capital of South West…

African Energy Chamber
Source: African Energy Chamber |

Unite Oil & Gas’s (UOGI) Yachtze Luchin to Deliver Technical Presentation at African Energy Week (AEW) 2024 Amid Geoscience, Field Development Drive in Africa

Unite Oil & Gas International Consulting offers value-oriented solutions across the fields of project execution, field operations, reservoir management and engineering

A strong slate of high-impact wells is expected to be drilled in Africa in 2024 and 2025, 70% of which will be in frontier and emerging basins. Africa dominates global high-impact well drilling this year, with 13 of the 36 anticipated wells set to be drilled across the continent. Representing…

Orange Middle East and Africa
Source: Orange Middle East and Africa |

Orange Middle East and Africa publishes "Seeds of Change" its 2023 Corporate Social Responsibility (CSR) Report

The millions of opportunities available to young people, women and entrepreneurs through our free initiatives for inclusion are also seeds of change

Orange Middle East and Africa (OMEA) (www.Orange.com) is firmly rooted in the regions it serves. It is driven by responsible and ethical corporate governance and is constantly innovating. It relies on reliable infrastructure that fosters the development of value-creating technologies and services. These technologies are being deployed with a low-carbon,…