Africa

African airlines association adds Kenya, Djibouti, Senegal, Uganda

The African Airlines Association (AFRAA) has announced that it has added four new member airlines in Kenya, Djibouti, Senegal and Uganda. Abdérahmane Berthé, AFRAA Secretary General, said that they are thrilled to welcome these new members to the Association and will continue to remain true to the organisation’s mission to promote, serve African Airlines and champion Africa’s aviation industry.

Source: Africa Business Communities

Africa

South Africa business delegation see trade and investment opportunities in Angola

The South African government has funded a mission to Angola with the purpose of developing export markets for South African products and services and to recruit new foreign direct investment into the country. South African deputy minister of Trade and Industry, Fikile Majola has announced that the mission to Angola will serve as an opportunity to position South Africa as a preferred trade and investment partner through structured, focused and sustained commercial engagements in the targeted sectors.

Source: Africa Business Communities

Angola

Angola nets USD16-million from the sale of five industrial units

The Angolan government acquired a total of 5.4-billion kwanzas (USD16-million) through the sale of five industrial units in the Luanda/Bengo Special Economic Zone, according to official information. The amount of the sale disclosed by the State Asset Management Institute (IGAPE) meaning that the sale was USD64-million below the originally planned USD80-million. The industrial units were sold as part of the state asset privatisation process, which at one point invested USD30-million in those units.

Source: Macauhub

Angola

Angola focuses on individual solar energy production systems

Angolan minister of energy and water, João Baptista Borges, announced the government’s intention to install 30,000 individual solar power generation systems and build a solar plant with a capacity of 600 megawatts. The announcement was made at a lecture in Luanda on the financing of renewable energy projects, with the participation of public and private companies, as well as university students, said the projects are included in the Electric Sector Development and the Energy Security Agency’s plans.

Source: Macauhub

Ethiopia

EU provides EUR15-million support to improve Ethiopia’s coffee sector

Ethiopia has secured funding from the European Union (EU) to the amount of EUR15-million which will be used to improve the competitiveness of Ethiopia’s coffee sector. Ethiopian state Minister of Agriculture, Sani Redi, said the EU’s funding would contribute a lot in improving coffee productivity through addressing the challenges facing the sector.

Source: Africa Business Communities

Kenya

USTDA supports wind and battery storage project, opportunities for U.S. business in Kenya

Kenya’s Craftskills Energy Limited received a grant from the U.S. Trade and Development Agency to enable it to conduct a feasibility study for the development of a 50-megawatt wind power plant with integrated battery storage capacity in Kenya. The study will be executed by U.S. firm Delphos International. Craftskills CEO Simon Guyo said, “We are grateful to USTDA for its support, foresight, and commitment. Craftskills looks forward to bringing this pioneering clean energy project to fruition with the help of the study.”

Source: Africa Business Communities

Mauritius

Mauritius becomes Africa Finance Corporation's 23rd Member State

The Africa Finance Corporation (AFC) has welcomed Mauritius as the 23rd member state to join the organisation. The president of the AFC, Samaila Zubairu said: "We are pleased to welcome Mauritius as a Member State of AFC. Through its commitment to promoting private sector-led solutions for its development challenges, Mauritius presents an excellent partnership opportunity for AFC's mandate to develop and finance infrastructure, natural resource and industrial assets for enhanced the productivity and economic growth of African states. We look forward to significantly contributing to Mauritius's growth story."

Source: Africa Business Communities

Mozambique

Savannah Resources granted two mining concessions in Mozambique

The Mozambican government has granted Savannah Resources two new mining concessions for the Mutamba heavy sands project. The two concessions were awarded to Mutamba Mineral Sands and Matilda Minerals which contain reserves estimated at 4.4 billion tonnes, containing 3.9% of the minerals to be extracted. According to a statement posted on the group’s website, the Mutamba project “is one of the most important unexplored heavy sand deposits in the world,” and adds that the new concessions cover an area of 280 square kilometres.

Source: Macauhub

Mozambique

Sasol concludes first local development agreements with communities in Mozambique

Energy and oil company Sasol, has concluded two Local Development Agreements (LDAs) with the communities of Inhassoro and Govuro districts in Inhambane Province, Mozambique. The province houses the Pande/Temane gas fields and Central Processing Facility (CPF). The LDA will form an agreement between Sasol, local communities and district governments aligning the priorities of the three entities.

Source: Africa Business Communities

Mozambique

Germany finances agriculture in Mozambique with a credit line

The German and Mozambican governments have signed contracts that will allow Germany will open up a EUR10-million credit facility to finance micro, small and medium enterprises in Mozambique’s agricultural sector. In his speech the Governor of the Bank of Mozambique, Rogério Zandamela said he is hopeful that this line of credit will contribute to poverty alleviation and increased economic inclusion, in a speech given at the signing session of credit agreements with four Mozambican banking institutions that will intermediate funds made available by the German development bank KfW.

Source: Macauhub

Nigeria

9mobile gets USD230-million loan from AFC to facilitate growth plans

9mobile has been granted a USD230 million loan facility from Africa Finance Corporation (AFC). The company intends to use this money to fulfil its long-term growth plans. The company issued a statement saying that the funds would be channeled to innovative product development and network efficiency for the growth and profitability of the company. According to reports, the loan facility is divided into two tranches and will be used to repay historic vendor obligations, finance costs and an interest reserve account and payment towards quick-win capex initiatives.

Source: Africa Business Communities

Sierra Leone

USTDA feasibility study to support minigrid development in Sierra Leone

Sierra Leone’s Ministry of Energy has been awarded a grant by the U.S. Trade and Development Agency to conduct a feasibility study to provide the technical and financial analysis necessary to implement approximately 45 minigrids in Sierra Leone. The study will be conducted by U.S. firm WindGen Power USA, Inc. The project supports the objectives of Power Africa and the Electrify Africa Act which aim to increase capacity as well as support private sector participation in Africa’s energy sector.

Source: Africa Business Communities