Newsfeeds Africa Business Communities

  1. Kiva receives $2.5 million from USAID to support one million women entrepreneurs globally

    Financial inclusion non-profit Kiva is announcing a partnership under the White House-led Women’s Global Development and Prosperity (W-GDP) Initiative with USAID to advance women’s economic empowerment.
  2. Total to resume drilling offshore South Africa in September

    French oil major Total and its project partners are set to resume drilling at block 11B/12B in the Luiperd prospect, where Total in early 2019 flagged potential resources of 1 billion barrels of oil equivalent, in September.
  3. IFC launches USD global bond, raises $2 billion to support private sector in developing countries

    IFC issued a new US dollar global benchmark bond, raising $2 billion to support private sector enterprises in developing countries in the face of the global COVID-19 health and economic crisis.
  4. Pensana Rare Earths lists Angola’s Longonjo Project on the London Stock Exchange

    Australian exploration company Pensana Rare Earths has listed its Longonjo project in Angola on the London Stock Exchange, representing the U.K.’s first resources-focused IPO since COVID-19.
  5. Zenith Energy to potentially acquire second oil production asset in Congo

    International oil & gas production company focused on pursuing African development opportunities Zenith Energy announces it has entered into a joint venture agreement with a local oil & gas company in the Republic of the Congo.
  6. MIGA and TDB increase financing for trade in Eastern and Southern Africa

    MIGA, a member of the World Bank Group, has issued a guarantee of EUR 359 million for up to ten years for a loan provided to the Eastern and Southern African Trade and Development Bank.
  7. [Nigeria] Mammoet completes heavy lifting and transport scope for the world's largest single train petroleum refinery

    With the final 1,240 tonnes propylene mounded bullet installed at Dangote Petroleum Refinery and Petrochemical complex in Nigeria, Mammoet is demobilizing equipment it has deployed there.
  8. African Union launches Consortium for COVID-19 Vaccine Clinical Trial

    The African Union Commission has launched the Africa Centres for Disease Control and Prevention (Africa CDC) Consortium for COVID-19 Vaccine Clinical Trial (CONCVACT).
  9. The OPEC Fund boosts transport infrastructure, trade prospects in Mali

    The OPEC Fund for International Development (the OPEC Fund) signed a $20 million loan agreement with the Republic of Mali to finance a road project that will improve links to economic centers and social amenities.
  10. The OPEC Fund finances job creation, boosts self-employment in Egypt

    The OPEC Fund for International Development (the OPEC Fund) signed a $95 million loan agreement with Egypt to help create thousands of job opportunities and boost self-employment in the North African country.