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Africa Economics

United States and Israel Announce Partnership to Increase Energy Investment in Africa

The U.S. Government will implement this Memorandum of Understanding through the Power Africa Coordinator’s Office, led by the United States Agency for International Development (USAID) Today, the Government of the United States and the Government of Israel entered into a Memorandum of Understanding (MOU) to advance the common goals of …

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Economic Commission for Africa Chief urges stakeholders to deliver a ‘timely and meaningful’ Continental Free Trade Area

The Executive Secretary noted that by eliminating tariffs the CFTA can boost intra-African trade by 52% and that by reducing non-tariff barriers it can be doubled, benefiting African welfare to the tune of $22 billion The Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe, made a case …

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HEINEKEN lays the foundation stone of its first brewery in Mozambique

HEINEKEN makes $100 million investment HEINEKEN (www.theHEINEKENcompany.com) today laid the foundation stone of its first brewery in Mozambique in the presence of His Excellency Mr. Max Tonela, Minister of Trade and Industry. This new brewery, incorporating the latest technologies, represents a $100 million (€85 million) investment. Located in the province …

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Dangote, the Congo plant and the imperative of African industrialization

By Ehiedu Iweriebor The Dangote Group of Nigeria, one of the pre-eminent industrial conglomerates in Africa, in pursuit of its pan-African development and emancipation strategy, on November 23, 2017 formally launched its newest economic development industrial project, the Dangote Cement plant in Mfila, in Congo-Brazzaville. With this $300 million dollars, …

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Folorunso Alakija Inspires 300 Women at Prestigious 2017 Flourish Africa Conference

The 66-year-old business magnate has persistently championed the causes of women in Nigeria from her work with widows and orphans Folorunso Alakija, one of a handful of successful female entrepreneurs on the continent listed as one of Forbes most powerful women in the world, attended the Africa conference. The 66-year-old …

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The laureate of the US$1million 2017 cycle of the Al-Sumait Prize in the field of Education has been announced following its Board of Trustees meeting in Kuwait City

The recipient organization of the US$1million prize of this prestigious award is the African Women Educationalists (FAWE), Nairobi, Kenya Laureate for the 2017 cycle of Al-Sumait Prize (www.AlSumaitPrize.org) for African Development in the field of Education has been endorsed by the Prize’s Board of Trustees for its exemplary work in …

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Secure, Trusted Internet Critical to Advancing African Economy

New Internet Society report highlights how Africa can benefit more from the Internet economy Many African countries have made significant progress towards creating an Internet sector, with broad reforms that focus on increasing broadband availability.  There have been further successes within countries in developing online platforms, fostering growth of local …

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Dangote Cement stirs industrial revolution in Africa with the commissioning of Mfila plant in the Republic of Congo

The new plant estimated at $300 million has potentials for about 1000 direct employment and thousands of several other indirect jobs Africa’s largest cement Company, Dangote Cement Plc (last month added fillip to the on-going efforts at economic emancipation of Africa when it formally opened its 1.5mtpa capacity cement plant …

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