Ethiopian Airlines has announced that it has completed the deal to purchase a 49 per cent stake in new Chadian Airlines. In the joint venture, the government of Chad will retain 51 per cent. The new Chadian flag carrier is set to start operations on October 1. “The strategic equity partnership in the launching of…
Ethiopian Airlines has announced that it has completed the deal to purchase a 49 per cent stake in new Chadian Airlines. In the joint venture, the government of Chad will retain 51 per cent. The new Chadian flag carrier is set to start operations on October 1. “The strategic equity partnership in the launching of…
As India marks its 71st Independence day ties between Africa and India increasingly strengthening as both parties seek mutually beneficial partnership largely through trade. Indian Prime Minister Narendra Modi recently said that the current India-Africa partnership includes implementation of 180 lines of credit worth USD11bn in over 40 Africa countries and USD600 million in grant…
As India marks its 71st Independence day ties between Africa and India increasingly strengthening as both parties seek mutually beneficial partnership largely through trade. Indian Prime Minister Narendra Modi recently said that the current India-Africa partnership includes implementation of 180 lines of credit worth USD11bn in over 40 Africa countries and USD600 million in grant…
Eritrea is considering building a port on its Red Sea coastline to export potash from deposits being developed in the Horn of Africa nation, a mines ministry official said. Plans for the harbor signal the country’s reemergence as a potential investor destination after its surprise rapprochement with neighboring Ethiopia last month ended two decades of…
Eritrea is considering building a port on its Red Sea coastline to export potash from deposits being developed in the Horn of Africa nation, a mines ministry official said. Plans for the harbor signal the country’s reemergence as a potential investor destination after its surprise rapprochement with neighboring Ethiopia last month ended two decades of…
As part of efforts to bridge the projected medium-term gas supply gap expected by 2020, the Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company (SPDC) have signed five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020. The project,…
Nigeria’s Marina to Mile 2 section of the Lagos Light Rail project known as the Blue Line Rail, will become operational in 2022.This is confirmed after the Lagos State Government signed a major agreement with an international railway systems aggregation and rolling stocks manufacturer, Alstom SA of France, on the operation of the state Rail…
Construction works of Rwanda’s largest inland cargo handling facility nears completion following completion of the first phase. This is according to Sumeet Bhardwaj, Chief Executive Officer of DPW Logistics Rwanda Ltd who hopes the facility will be operational by the end of the next quarter. The 60ha Masaka based facility had been initially slated to be complete…
Egypt is set to implement a 4MW solar power project in Uganda that is geared at improving the country’s renewable energy performance. Access to modern energy services through renewable energy development is a major concern for the energy sector in Uganda. The grant agreed between the two countries states that, Egypt will provide the necessary…