12-Jul-2019 to 14:03

Mozambique secures $99.7m funding for key power line

APA-Maputo (Mozambique) — The Mozambican government has secured a US$99.7 million soft loan from the Islamic Development Bank (IDB) to be used to finance the construction of a 400 kilovolt electricity transmission line from Temane in Inhambane province to the capital Maputo, energy minister said on Friday.

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12-Jul-2019 to 12:36

Senegal records 10 percent increase in revenue

APA - Dakar (Senegal) — Resources mobilized by the State of Senegal at the end of May 2019 amounted to 990.8 billion CFA francs, representing a 10-percent increase, compared to their level for the same period in 2018, according to data provided by the Direction of Forecasting and Economic Analyses (DPEE) and seen by APA on Friday.

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11-Jul-2019 to 12:43

NSE launches NEXT, second derivatives market in Africa

APA-Nairobi(Kenya) — The Nairobi Securities Exchange (NSE) on Thursday launched the NEXT Derivatives Market, making it the second African Exchange after South Africa to launch a Derivatives Market.

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11-Jul-2019 to 12:37

World Bank debars Indian firm from operations in Africa

APA-Nairobi(Kenya) — The World Bank on Thursday announced the 24-month sanction of India-based SAI Consulting Engineering Ltd (SAI) in connection with corrupt practices during the company’s participation in three projects in African countries.

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10-Jul-2019 to 15:16

Kenya Commercial Bank feted best in the region

APA-Nairobi(Kenya) — Kenya’s regional bank, Kenya Commercial Bank has been named the Best Bank in Kenya and the region’s best bank for Small and medium-sized enterprises (SMEs during the Euromoney Awards for Excellence 2019, the bank disclosed on Wednesday.

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10-Jul-2019 to 14:58

Ethiopian Airlines launches cargo flight to Southwest China: Official

APA-Addis Ababa (Ethiopia) — Ethiopian Airlines Cargo and Logistics Services have connected Chongqing, the largest municipality in Southwest China, with Africa and South America via a weekly cargo flight, an official has said.

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10-Jul-2019 to 11:15

Ethiopia power cut to Sudan drags on

APA-Addis Ababa (Ethiopia) — The suspension of electric power supply by Ethiopia to neighboring Sudan will continue until end of July 2019, a senior official has said.

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