Africa Business In Brief – 10 SEP 2019


China commits USD1.4-billion investment into bankable energy projects in Africa

The African Energy Chamber has managed to secure over USD1.4-billion in intentions to invest in Africa’s bankable projects in mining, oil and gas, power, and renewables sectors. “During various meetings with top Chinese energy companies and financial institutions, the Chamber discussed the signing of agreements and contracts that will make energy work for Africa while providing Chinese investors with attractive and rewarding opportunities in Africa”.

Source: ESI-Africa


World Bank, Japan to support human capital development through education in Africa

The World Bank and the Government of Japan have announced a new initiative which is Africa focused and is aimed at advancing the goals of the Human Capital Project, a global effort to accelerate more and better investments in people for greater equity and economic growth. The multi-year initiative, which was announced during the seventh Tokyo International Conference on African Development (TICAD) in Yokohama, will support two key initiatives of relevance to African countries namely: Global Education Policy Dashboard and a Japan-Africa higher education partnership.

Source: African Business Communities


Angola may start supplying South Africa with oil and natural gas

According to the Angolan Secretary of State for Geology and Mines, Jânio Corrêa Victor, South Africa plans to acquire oil and natural gas extracted in Angola. This is based on an intention expressed by the South African Minister of Mineral Resources and Energy, Gwede Mathashe. Minister Mathashe is said to be planning to travel to Luanda to meet the Angolan Minister of Mineral Resources and Oil, Diamantino Azevedo, so that his country can start receiving oil and gas extracted in Angola, according to the Angop news agency. Source: Macauhub Angola International Finance Corporation boosts credit line to support Angolan companies According to Angolan bank, Banco de Negócios Internacional (BNI), the International Finance Corporation (IFC) has increased the USD50-million credit line set up in July 2014. BNI said in a statement that adding to this line of credit, along with enhancing the bank’s credibility with that international financial institution, will also allow it to increase support to the country’s business sector.Source: Macauhub Benin Inauguration of Maria Gleta plant boosts Benin’s power supply by 50% The Maria Gleta plant, located near the city of Cotonou, has been officially inaugurated by Dona Jean-Claude Houssou, Benin’s Energy Minister. The plant will supply the national grid […]

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