AFRIBIZ
Uganda’s export earnings jump 36% in August on strong gold sales
Uganda’s export revenues rose sharply in August, driven largely by increased gold shipments and stronger earnings from other key commodities, according to a finance...
Mozambique courts South African investment for new gas project
Mozambique's state-owned oil company ENH is in talks with potential investors, including South Africa's Sasol and pipeline company ROMPCO, for a new natural gas project
Africa’s economic resilience masks rising inflation threat and fragile buffers, IMF...
Sub-Saharan Africa's inflation outlook has worsened since April even as growth held up better than expected, the IMF said, warning that the region's hard-won...
Tanzania close to finalising $42 billion gas deal, finance minister says
Tanzania expects to finalise agreements on major investment projects in the coming months, including a $42 billion LNG development that
Ethiopia announces launch of its first gold refinery
Ethiopia has launched its first gold refinery, a $50 million joint venture aimed at turning the East African nation into a regional processing hub for
Congo miners could save $1bn a year with new power project
Miners in Congo's Copperbelt could save about $1-billion annually by replacing diesel generation with imported electricity under a planned transmission project aimed at easing...
Tanzania gold mine deaths at centre of court case against London...
The alleged fatal shootings of two illegal artisanal miners, identified only as ZZZ and ZZY, at Tanzania's North Mara gold mine are at the...
Ethiopia names Fitsum Assefa Adela as new finance minister
Ethiopia's Prime Minister Abiy Ahmed on Thursday named Fitsum Assefa Adela as finance minister in his new cabinet, replacing Ahmed Shide, who has become...
Moody’s turns positive on sub-Saharan African countries
Moody's raised its outlook for sub-Saharan African countries to positive on Wednesday, saying reforms had helped them weather inflationary pressures
Uganda opens door for investors in Dangote Refinery IPO
Uganda's capital markets regulator has approved local investors to participate in the planned initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE,...
