African Energy Chamber
Source: African Energy Chamber |

U.S. Firms will not be left behind as Energy Investments pick up in Angola’s Oil Sector

Angola, the second-biggest oil producer in Africa after Nigeria, has just released a new oil licensing strategy up to 2025

Angola has emerged as the hub of foreign direct investments within Africa, and the prospects of attracting more FDI this year are bright, particularly in the country’s oil and gas sector. The ambitious reform agenda of President João Laurenço and that of the Minister of Mineral Resources and Petroleum, Dr.…

Source: European Investment Bank (EIB) |

EU support to promote access to clean water and improved sanitation in Zambia

EUR 5 million EU investment grant, channeled by the European Investment Bank, from the EU Water Facility Pooling Mechanism, targets investments in peri-urban areas

The European Investment Bank (EIB) has teamed up with the EU’s external action service in a bid to provide clean water and adequate sanitation to citizens in the Zambian Copperbelt Province, bordering on the DRC. The EU grant financing, will help the Mulonga Water and Sewerage Company (MWSC) implement the…

Source: APO Group |

Nigerian journalist Oluseyi Awojulugbe Wins APO Group Invitation to Attend the African Development Bank’s 2019 Annual Meetings

Each year APO Group offers African journalists the opportunity to attend major events as a part of its commitment to supporting journalism in Africa

APO Group (www.APO-opa.com), the leading media relations consultancy and press release distribution service in Africa and the Middle East, today announced that Mrs Oluseyi Awojulugbe (@mz_Awojulugbe) from Nigeria has won APO Group’s invitation to attend the African Development Bank’s 2019 Annual Meetings (www.AfDB.org) which will take place in Malabo, Equatorial…

United Nations Mission in South Sudan (UNMISS)
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Source: United Nations Mission in South Sudan (UNMISS) |

Public opinion survey reveals widespread hope for lasting peace among South Sudanese

The survey found that 70 % of those interviewed felt that the current security situation in South Sudan was either very or somewhat safe while 28 % felt they were still not safe

FRANCESCA MOLD A new public opinion survey has found that 89 percent of South Sudanese believe that it is likely that there will be durable peace in the war-ravaged country by the end of this year. The survey, commissioned by the United Nations Mission in South Sudan, asked approximately 2300…

Source: International Monetary Fund (IMF) |

Madagascar Implements the International Monetary Fund’s Enhanced General Data Dissemination System

These data will be disseminated in both human- and machine-readable formats

Madagascar has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP). The page aims to serve as a one-stop publication vehicle for essential macroeconomic data on the national accounts, government operations and debt, monetary and financial…

Source: Office for Coordination of Humanitarian Affairs (OCHA) |

Nigeria’s Top Business Leaders join UN to visit Borno State in Support of Conflict-Affected People in the North-East

Fourteen of the biggest companies in Nigeria signed up to the initiative launched in Lagos in November 2018

Some of Nigeria’s most influential and powerful business leaders travelled to Maiduguri on Tuesday in a first-ever collective visit to camps for internally displaced people where aid agencies have been responding to the most urgent needs of women, men, and children freshly displaced by the ongoing conflict. Mr. Adewale Tinubu,…

Source: African Development Bank Group (AfDB) |

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

“This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up our actions and achieve greater results for women entrepreneurs across the continent” - Vanessa Moung

The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s (https://www.AfDB.org/en/) Affirmative Finance Action for Women in Africa (AFAWA) (https://bit.ly/2Q1fF1L) program. We-Fi (https://We-Fi.org/) is a partnership among 14 donor governments, eight multilateral development banks, and other public and…

Source: National Energy Services Reunited Corp |

National Energy Services Reunited Corp. Reports First Quarter 2019 Financial Results

Net income for the first quarter of 2019 is $13 million

National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ: NESR) (NASDAQ: NESRW) (www.NESR.com), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today reported its financial results for the quarter ended March 31, 2019. Operating and Financial Highlights…

Pocket Money
Source: Pocket Money |

Making access to credit and loan repayment available to anyone, anywhere

Pocket Money has come up with a marketplace that offers a multi-layered solution that ensures that the borrower is introduced to various potential lenders

Over the past few years, there has been a proliferation of new fintech models, offering alternative financial solutions to the conventional set-ups, more so in the lending sub-sector in Africa. New horizons in the African financial industry are evident with new trends gaining strong traction especially through peer-to-peer (P2P) models-allowing…

GE
Source: GE |

Future of Power Whitepaper takes center stage at Africa Utility Week / PowerGEN 2019 Conference

As the 19th edition of the Africa Utility week and PowerGEN event kicks off, GE unveiled a whitepaper today on Re-imagining the future of power in Sub-Saharan Africa

Whitepaper highlights the future gamechangers in the energy landscape in Sub- Saharan Africa; Discusses the factors contributing to energy transformation and the enabling environment; Outlines the market’s response through region-specific case studies and the path forward. Global and regional energy industry trends are continuously shifting and stakeholders need to stay…