Source: CAJ News Africa |

International terror financiers find a haven in Angola

Angola is also seen as a transit and destination point for illegal drug trafficking from South America

While they are in jail on allegations of financing the terror group, Hezbollah, the companies founded by these bank-rollers remain operational in Angola, the Southern African country that has earned a reputation as a refuge for international terror financiers. Among the designated funders of the Lebanon-based, Iranian-backed terrorist group to…

The Department of Trade and Industry, South Africa
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    • Minister Rob Davies and his Saudi counterpart, Dr Majid Bin Abdullah during the signing of the JEC minutes
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Source: The Department of Trade and Industry, South Africa |

Minister Davies concludes Visit to Saudi Arabia

A key outcome was encouraging discussions around investment in the energy sector by Saudi Arabia into South Africa

The Minister of Trade and Industry, Dr Rob Davies has returned to South Africa following his visit to the Kingdom of Saudi Arabia where he co-chaired the 8th Session of the South Africa – Saudi Arabia Joint Economic Commission (JEC). The Saudi side was chaired by HE. Dr Majed Abdullah…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

2018 financial year was a mixed bag of performance for South Africa’s mining industry – PwC South Africa Mine Report

Unfortunately the aggregated South Africa mining industry, which is more exposed to precious metals, did not enjoy the same benefit from price increases

The 2018 financial year proved to be a challenging year for South African mining companies. Globally, the financial performance of the mining industry improved considerably from the previous year. That position was largely mirrored by South African bulk commodity producers with iron ore, coal, manganese and chrome performing well. Unfortunately…

Aiteo Group
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    • Benedict Peters Awarded Africa Oil and Gas Person of the Year by Forbes International
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Source: Aiteo Group |

Photo News Release: Benedict Peters Awarded Africa Oil and Gas Person of the Year by Forbes International

The picture below is copyright free and can be used at will, without asking for authorization

This material is public and can be used freely

Source: EnergyWise |

Roadmap for Angola: 2019 and Beyond

The government revised the growth forecast to 2.2% in August, compared to 4.9% in the previous forecast, and the IMF forecast 2.3% of economic growth

Angola can in the short term anticipate strong economic  headwinds. This week.  Fitch Solutions forecasted  Angola’s GDP real growth at 1.5% down from 2.8%. Fitch anticipates a growth of 2.3% for 2019 and 2.6% in 2020 (Up from an anticipated 2.2%). According to Lusa Portuguese news agency economic recovery will…

Dedalus Global
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    • View a recap from the AFTS Washington:
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    • Lagos to host Biannual Africa Fintech Summit for the first time in November
    • Scene from AFTS Washington, at the National Press Club
    • Olanrewaju Osibona, Senior Special Advisor to the President of Nigeria on ICT, speaking at the AFTS Washington
    • At the AFTS Washington, Dele Adeyinka, Chief Digital Officer of ALAT by Whema, accepted the award for _Digital Bank
    • Leland Rice, Chairman of the Africa Fintech Summit, with Shola Akinlad, Co-founder and CEO of Paystack, who will be
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Source: Dedalus Global |

Lagos to host Biannual Africa Fintech Summit for the first time in November

The Summit, organized by Dedalus Global, gathers innovators, investors, policy makers and other key stakeholders in the Fintech sector to discuss technologies transforming finance on the continent, debate regulatory policies, compare best practices, and forge new ventures

Africa’s premier fintech event, the Africa Fintech Summit, (www.AfricaFintechSummit.com) will be held for the first time in Lagos, Nigeria, on November 8-9, 2018. This event comes on the heels of the earlier edition in Washington D.C. which featured leading policy makers, c-suite business executives, start-ups, and investors. The Summit, organized…

Source: Republic of South Africa: The Presidency |

South Africa: Presidential Consultation Supports Action to Stimulate Confidence, Growth

The meeting in Pretoria was a preparatory dialogue ahead of the forthcoming Jobs Summit and Investment Conference

President Cyril Ramaphosa has shared with South Africa’s business and labour leaders an outline of the economic stimulus package adopted by Cabinet to spark economic activity and secure confidence in sectors affected by regulatory uncertainty. President Ramaphosa presented highlights of the stimulus package that will soon be announced publicly, to…

Source: CWC Group Limited |

Mozambique’s Government & Industry Stakeholders to Meet at Official Gas Summit in Maputo

Now in its 5th edition, the Mozambique Gas Summit & Exhibition with the support of MIREME and INP will take place in Maputo, Mozambique, from 31 October – 2 November 2018

With LNG market dynamics set to change from fears of oversupply to buoyant demand coming from China and rest of Asia, investors have confidently been backing more LNG projects in countries which are emerging as new gas players – among them Mozambique. The country has seen the only LNG FID…

Source: Republic of South Africa: Department of Government Communication and Information |

South Africa: "Science, Technology and Innovation Enabling Sustainable and Inclusive Development in a Changing World", is The Vision for The New Draft White Paper on Science, Technology and Innovation

"Science, Technology and Innovation Enabling Sustainable and Inclusive Development in a Changing World", is The Vision for The New Draft White Paper on Science, Technology and Innovation: Good morning ladies and gentlemen, members of the media.   I would like to acknowledge the presence of the Director-General Dr Phil Mjwara,…

International Islamic Trade Finance Corporation (ITFC)
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    • (L-R) Eng. Hani Salem Sonbol, CEO ITFC - Dr. Sahar Nasr, Minister of Investment and International Trade - Eng. Tarek El Molla, Minister of Petroleum & Mineral Resources - Eng. Abed Ezz El Regal, Chief Executive Officer EGPC
    • (L-R) (L-R) Eng. Hani Salem Sonbol, CEO ITFC - Dr. Sahar Nasr, Minister of Investment and International Trade - Dr. Aly Meselhy Minister of Supply and Internal Trade - Mr. Ahmed Yousef, Deputy Chairman of the Commodity Supply Authority
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC to Implement U.S. $3 Billion Framework Agreements through two new Financing Agreements to Support Egypt’s Main Sectors

ITFC has signed five framework agreements with the Government of Egypt represented by the Ministry of Investment & International Cooperation totaling U.S. $ 9.2 billion

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply Commodities (GASC) initiating the utilization of the 5th Framework agreement.…