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May 28, 2015
Updated 5 hours ago The African Development Bank's (AfDB) governors began voting on Thursday to elect a new president to guide the pan-African lender through the continent's increasingly complex financial environment. Eight candidates, including Nigeria's agriculture minister, Akinwumi...
May 28, 2015
Norway's $900-billion wealth fund may have to sell its stakes in up to 75 companies once new rules for limiting coal investments go into effect in a radical shift meant to lessen the impact of climate change, officials said on Thursday. Parliament's finance committee...
May 28, 2015
Kenya reduced the cost of connecting houses to the electricity grid by 57% on Wednesday to double the share of the population with electricity to 70% by 2017. East Africa's largest economy is struggling with ageing energy infrastructure and the government has said it...
May 28, 2015
Allegations that South Africa promised a $10-million bribe to a former FIFA vice president to win its 2010 World Cup bid were unfounded, a South African Football Association (SAFA) spokesperson said on Wednesday. “We are disappointed at the allegations ... they are...
May 28, 2015
Senegal power utility Senelec on Wednesday signed a preliminary agreement with Qatar's Nebras Power and Japanese firm Mitsui & Co Ltd to build a floating liquefied natural gas (LNG) regasification terminal and a 400 MW power station. Senegal, which generates much of...
May 28, 2015
Tanzania plans to spend 4.394-trillion shillings ($2-billion) to build new roads and a bus rapid transit system to unclog traffic in its commercial capital, Dar es Salaam, a senior official said on Wednesday. Dar es Salaam, with a population of over four-million, is...
May 28, 2015
Tanzania said on Thursday it had signed a $70.5-million loan with the African Development Bank (AfDB) to finance reforms in the east African nation’s energy sector. AfDB is among a group of donors that withheld nearly $500-million in budget support to Tanzania last...
May 28, 2015
Kenya has given loss-making national carrier Kenya Airways a 4.2-billion shilling ($43-million) loan to help turn the business around, the head of Parliament's Budget Committee said. The airline was "facing challenges" from a drop in revenue related to the Ebola...
May 28, 2015
Debt-heavy Australian iron ore miner Fortescue Metals Group could find willing investors in Chinese steel mills anxious to ensure multiple sources of supply for the raw material, a senior Chinese government official said on Thursday. Media reports this week said...
May 28, 2015
The powerful governor of Democratic Republic of Congo's Katanga province warned on Wednesday against significant tax hikes in a proposed new mining code amid a recent decline in copper prices. The southeastern province accounts for nearly all of the vast central...
 
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