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African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank’s $15 million Trade Finance Package for First Capital Bank to support Small and Medium sized Enterprises (SMEs) and local enterprises

The line of credit will provide the much-needed hard currency financing to support FCB to close its trade finance gap and expand its trade finance support for SMEs and local corporates in Zimbabwe, a transition country

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $15 million trade finance package for First Capital Bank (FCB) in Zimbabwe to help bolster intra-African commerce in line with the goals of the Africa Continental Free Trade Area. The package, comprising a $7.5 million trade…

Afreximbank
Source: Afreximbank |

Afreximbank Backs the Expansion of Silversands Hotel in Grenada with a US$ 30 Million Facility

Under its Diaspora strategy, Afreximbank has spearheaded numerous trade and investment missions to the Caribbean Islands

African Export - Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$ 30 Million financing facility to Joyau Des Caraibes Limited (JDC); the Caribbean subsidiary of ORA Developers, for the expansion of Silversands Hotel in St. Georges, Grenada. Silversands Hotel is part of a luxury chain of hotels owned by ORA Developers,…

Energy Capital & Power

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    • Egypt to Create Ministry of Energy, Details Shared at Invest in African Energy (IAE) 2024 Forum
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Source: Energy Capital & Power |

Egypt to Create Ministry of Energy, Details Shared at Invest in African Energy (IAE) 2024 Forum

A panel discussion at the Invest in African Energy Forum in Paris unpacked North Africa’s energy and infrastructure dynamics, with integration and collaboration emerging as overarching themes; The forum is organized by Energy Capital & Power

Egypt is looking at the possibility of merging its petroleum and renewable energy ministries, creating an integrated Ministry of Energy to streamline industry operations and regulations. Mohamed Fouad, CEO of Egypt Oil & Gas, Secretary General of the Egyptian Gas Association and Marketing & Communications Committee Chairman of the International…

Republic of Iraq: Ministry of Foreign Affairs
Source: Republic of Iraq: Ministry of Foreign Affairs |

Iraq: Deputy Prime Minister and Foreign Minister Meets Egyptian Foreign Minister in Manama

During the meeting Minister Fuad Hussein, praised the integration of the relationship which started to develop significantly through the convened summits

On Tuesday, May 14, 2024. Deputy Prime Minister and Foreign Minister Fuad Hussein, met with Minister of Foreign Affairs of the Arab Republic of Egypt, Mr. Sameh Shoukry, on the sidelines of the foreign ministers’ preparatory meeting for the Council of the Arab League at the 33rd Arab Summit in…

Republic of South Africa: Department of International Relations and Cooperation
Source: Republic of South Africa: Department of International Relations and Cooperation |

President Lula Da Silva bestows on Minister Pandor an honorific award of the Grand Cross of the Order of Rio Branco

Ambassador Benedicto Fonseca Filho, the Brazilian Ambassador to South Africa, will present the Order to Minister Pandor, on behalf of President Lula Da Silva

The President of the Federal Republic of Brazil, HE President Lula Da Silva has bestowed on Minister Naledi Pandor, the Minister of International Relations and Cooperation of the Republic of South Africa, an honorific award of the Grand Cross of the Order of Rio Branco. Ambassador Benedicto Fonseca Filho, the Brazilian…

Ministry of Foreign Affairs of Liberia
Source: Ministry of Foreign Affairs of Liberia |

Liberia: President Boakai Declares Friday, May 17, World Telecommunication and Information Society Day

According to a Foreign Ministry release, World Telecommunication Day has been celebrated annually since May 17, 1969, to mark the founding of International Communication Union (ITU)

The President of the Republic of Liberia His Excellency Joseph Nyuma Boakai, Sr., has by Proclamation declared Friday, May 17, 2024, as “World Telecommunication and Information Society Day” and is to be observed throughout the Republic as a Working Holiday. The Proclamation calls on all Government ministries, agencies, business houses, national…

International Rescue Committee (IRC)
Source: International Rescue Committee (IRC) |

92 Non-Governmental Organizations (NGOs) urgently call for the re-establishment of telecommunications infrastructure across Sudan

Over a year of relentless warfare and indiscriminate violence have destroyed homes, towns, livelihoods and critical civilian infrastructure

 In the midst of the devastating humanitarian crisis that is fast deteriorating in Sudan, we, representing 92 humanitarian, civil society, human rights organizations and members of the #KeepItOn coalition, urgently appeal for the re-establishment of telecommunications infrastructure across the entire country. Sudan has become the world’s worst displacement crisis and…

Energy Capital & Power

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    • First Oil from Sangomar Expected in the Coming Days, Says Petrosen at Invest in African Energy (IAE) 2024
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Source: Energy Capital & Power |

First Oil from Sangomar Expected in the Coming Days, Says Petrosen at Invest in African Energy (IAE) 2024

IAE 2024 is organized by Energy Capital & Power

First production from the Sangomar oilfield development in Senegal is expected to start in the coming days, said national oil company (NOC) Petrosen. Representing the country’s inaugural offshore oil development, the project will produce 100,000 barrels per day (bpd). Speaking at the Invest in African Energy Forum in Paris, Thierno…

Turkish Cooperation and Coordination Agency (TIKA)
Source: Turkish Cooperation and Coordination Agency (TIKA) |

Turkish Cooperation and Coordination Agency (TIKA) Supports Fishermen’s Cooperative in Cameroon

Within the scope of the project, the fish farm, with its increased production capacity, is expected to contribute to employment in the region

Turkish Cooperation and Coordination Agency (TİKA) established a fish farm in the city of Maroua, located in the Far North Region of Cameroon. TİKA established 3 fish ponds and provided material support to enhance the production capacity of the fish farm operated by the cooperative “SCOOPS Agros Pisciculteurs Du Sahel”,…

Parliament of the Republic of Uganda
Source: Parliament of the Republic of Uganda |

Close Hoima City abattoir, Members of Parliament (MPs) direct authorities

The Members of Parliament (MPs) made the discovery during an oversight visit to a cross section of abattoirs and slaughter houses in parts of Western Uganda

Lawmakers have called the immediate closure of the abattoir in Hoima City citing unhygienic conditions which they say poses health hazards to consumers of beef and goat meat. The slaughter house in Kiryateete East, Hoima City was condemned in 2006 but legislators on the Health Committee were perturbed to learn…