Equatorial Guinea will open a new oil and gas licensing round in April to boost exploration and counter dwindling oil output, its minister of hydrocarbons and mining development Antonio Oburu Ondo said on Monday.
State-owned Uganda Development Bank plans to raise $500 million in debt from international capital markets to support a four-year plan to boost lending to the mining, energy and manufacturing sectors, a senior executive said on Monday.
Read MoreChina, Zambia and Tanzania on Monday signed a $1.4 billion deal to refurbish the Tanzania-Zambia railway, a vital route for shipping copper exports from the region, Zambia’s government said.
Read More(Thomson Reuters Foundation) – A cloud of uncertainty hangs over an Africa-U.S. trade deal set to expire by the end of September with African unions warning that more than a million indirect jobs could be on the line if it is not renewed.
Read MoreThe AGOA trade agreement between the United States and African countries is coming to an end. While countless workers fear for their jobs, there is also an opportunity for new trade partnerships to develop.
Read MoreNigeria’s Dangote oil refinery has fired some of its workers, according to a copy of a letter from the company seen by Reuters and an official at the PENGASSAN oil union on Friday.
Read MoreAfrica is not short on ambition when it comes to financing women. Across the continent, new grant competitions, special funds, and targeted lending schemes have raised visibility and created momentum. Yet capital flows remain far below potential. The challenge is deeper than money: women’s economic participation is still treated as an add-on rather than embedded in the core architecture of banking
Read MoreBotswana’s economic output fell sharply in the second quarter, reflecting a steep decline in output from its key diamond industry, data from the statistics agency showed on Friday.
Read MoreMauritius said on Thursday that longstanding International Monetary Fund economist Priscilla Muthoora Thakoor would be its new central bank governor, after the previous governor was asked to step down following divisions at the bank.
Read MoreThe South African rand was little changed in early trade on Thursday before the release of local producer inflation data.
Read MoreKenya’s President William Ruto said on Wednesday his country expects to sign a trade deal with the United States by year-end and that he will be pushing Washington to extend its duty-free agreement with Africa for at least five years.
Read MoreAfrican officials and business executives are fretting over the impending expiry of a crucial, duty-free trade programme with the United States at the end of September, without any word from Washington on whether it will be extended or not.
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