African Energy Chamber
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    • Chinese Energy companies push to acquire Mining, Oil and Gas Assets in Equatorial Guinea ahead of July 2nd Roadshow (1)
    • Chinese Energy companies push to acquire Mining, Oil and Gas Assets in Equatorial Guinea ahead of July 2nd Roadshow (2)
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Source: African Energy Chamber |

Chinese Energy companies push to acquire Mining, Oil and Gas Assets in Equatorial Guinea ahead of July 2nd Roadshow

The EG Ronda Licensing Round Roadshow 2019 in Beijing will be showcasing the 27 oil & gas blocks on offer under the country’s 2019 oil & gas licensing round

Equatorial Guinea Ronda has received great interest from public and private Chinese companies to invest in Equatorial Guinea and explore opportunities in oil & gas and minerals at the upcoming EG Ronda Licensing Round meetings in Beijing organized by the African Energy Chamber (EnergyChamber.org). The Chamber will be hosting the…

Source: United Nations Economic Commission for Africa (ECA) |

All set for Horn of Africa trade forum focusing on region’s pharmaceutical industry

The forum is being organized by the ECA, the Government of Ethiopia, the African Union Commission (AUC), and the European Union (EU)

All is set for the two-day regional trade forum for the Horn of Africa focusing on the implementation of the historic African Continental Free Trade Agreement that went into force on 30 May. The theme of the forum is: “AfCFTA Implementation: Breaking Down Geographical, Logistical and Regulatory Barriers to Trade…

Source: Council of the European Union |

EU-Morocco Association Council, 27/06/2019

Combating climate change and cooperation on environmental issues will also be on the agenda, as will strengthening regional and Euro-African cooperation

The Association Council will discuss the reinvigoration of relations between the EU and Morocco. In its conclusions of 20 June 2019, the European Council welcomed the renewed impetus given to EU-Morocco relations. The meeting will be chaired by the High Representative for Foreign Affairs and Security Policy, Federica Mogherini. Nasser Bourita, Moroccan Minister for Foreign…

Source: United Nations Economic Commission for Africa (ECA) |

ECA supports Chad to flesh-out African Continental Free Trade Area (AfCFTA) strategy

The masterplan, in the offing, lays emphasis on energy supply, agribusiness (especially meat and leather products), construction works and the digital economy

A retreat to size up the stakes of the African Continental Free Trade Area (AfCFTA) for the Republic of Chad and lay the foundation for the country’s strategy to leverage it, ended in Mara, Chad, at the weekend, with experts from the UN Economic Commission for Africa (ECA) allaying fears…

Source: United Nations Economic Commission for Africa (ECA) |

Central African countries prepare free trade product categorization

The call was made by experts from the Subregional Office for Central Africa of the UN Economic Commission for Africa (ECA)

Central African countries were recently urged to align their external trade data classification system, with the 2017 World Customs Organization’s Harmonized System (HS17) for clearly identifying products which will be categorized as ‘free,’ ‘sensitive,’ and ‘excluded,’ within the African Continental Free Trade Area (AfCFTA) regime. The call was made by…

Source: International Monetary Fund (IMF) |

IMF Reaches Staff-Level Agreement with Mali on a New Economic and Financial Program Supported by the IMF under the Extended Credit Facility

Key objectives of the program include strengthening fiscal discipline and tax revenue mobilization through further revenue administration reforms

The Malian authorities and IMF staff reached a staff-level agreement on a new economic and financial program supported by the Extended Credit Facility (ECF). The new program is aimed at fostering strong and inclusive growth and poverty reduction through investment in infrastructure and social sectors, and stimulating jobs creation, notably…

German Embassy in Windhoek
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    • German Government continues supporting economic development in the Republic of Namibia
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Source: German Embassy in Windhoek |

German Government continues supporting economic development in the Republic of Namibia

Since Namibia's independence in 1990, Germany has continuously supported the Namibian Government in strengthening the country’s social and economic growth

On Monday, 24 June 2019, Hon. Calle Schlettwein, Minister of Finance of the Republic of Namibia, and His Excellency Christian Schlaga, Ambassador of the Federal Republic of Germany signed a Financial Cooperation Agreement on interest-subsidized loans between Germany and Namibia. The agreement covers programmes to the value of 80 million…

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

African Development Bank approves USD 24.7 million for Water and Sanitation Development in South Sudan

The Strategic Water Supply and Sanitation Improvement Project will support the rehabilitation of approximately 50km of the Juba town distribution network and related works

The Board of Directors of the African Development Bank (www.AfDB.org) on June 20, 2019, approved a proposal to commit $24.7 million to finance the South Sudan Strategic Water Supply and Sanitation Improvement Project. The Strategic Water Supply and Sanitation Improvement Project will support the rehabilitation of approximately 50km of the…

Source: UN Information Centre in Pretoria (UNIC) |

UNCTAD's Economic Development in Africa Report 2019

The Economic Development in Africa Report 2019 focuses on preferential trade liberalization among the members of the new African Continental Free Trade Area (AfCFTA)

UNCTAD’s Economic Development in Africa Report 2019 will be launched globally on the same day. The Economic Development in Africa Report 2019 focuses on preferential trade liberalization among the members of the new African Continental Free Trade Area (AfCFTA), which is crucial if the continent is to seize the historic…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff completes mission to Comoros on possible emergency financial assistance following Cyclone Kenneth

IMF assistance would help address Comoros’ budgetary and external financing gaps arising from reconstruction and humanitarian needs

IMF mission reached a preliminary staff-level understanding on a possible emergency financial assistance to Comoros, following tropical Cyclone Kenneth; IMF assistance would help address Comoros’ budgetary and external financing gaps arising from reconstruction and humanitarian needs; the assistance could also play a catalyst role in securing grants from development partners and…