Deutsche Bank to increase lending to commodity traders in the Middle East
The move is anticipated to double the size of its business in the region...
Tag : Africa
Kariya Energy seeks to acquire oil and gas assets in Africa nations
The company will target producing oil and gas assets, in addition to developing small-scale LNG...
Egypt targets investments worth $3 bn in its electricity sector during 20/21
It will be around 6.1% of the country’s total investments...
Total, Mozambique sign security pact for $20 bn natural gas project
A joint task force will be formed to provide security for Mozambique LNG project activities in the Afungi site...
Nigeria’s capital imports nosedive 78.6% to $1.295 bn in Q2
Its capital imports had dropped $21.32 billion seven years ago to $5.12 billion in 2016 and has merely recovered ever since...
Africa Energy to increase stake in Block 11B/12B
The company will increase its stake from 4.9 percent to 10 percent...
Renewable energy accounts for 20% of Egypt’s electricity production: Minister
In the last five years, Egypt added over 28,000 MW of power production capacity...
Ethiopia suspends plans to allow foreign bids for telecom licence
Previously, the Ethiopian Telecommunication Authority had invited interested companies to submit their bids to end monopoly in the sector...
Family Bank records Sh638.5 mn in profits during H1 2020
The bank is closely working with county governments to assist those affected by the pandemic...
DP World announces completion of 400 meter extension of Berbera Port
It will increase the terminal’s capacity by 500,000 TEUs per year...