Daniel Kablan Duncan, the prime minister of Cote dIvoire, and Zhang Guoqing, Chinese ambassador to Cote dIvoire, have signed a loan agreement for the construction of a hydroelectric dam in the countrys Soubré region
Energy
Rwanda to invest US$4.7 billion in energy sector over next five years
The Rwandan government has said it will invest US$4.7bn in the countrys energy sector over the next five years to help it meet its ambitious target of producing 1,000MW of electricity by 2017
Kenya to auction five oil and gas blocks
The five new blocks will increase Kenya’s exploration areas to 51 from the current 46. (Image source: mrpbps/Flickr)
Kenya will put up five crude oil and gas exploration areas up for auction in the next two weeks
OPIC loans US$250 million to Nigerian fertiliser plant
The project aims to provide a reliable and secure source of low-cost fertilizer and create around a thousand construction jobs and projects around the area. (Image source: vichie81)
A Nigerian nitrogen fertiliser plant is set to receive a US$250mn loan from OPIC to boost agriculture, infrastructure, energy and financial services in the country
Syndicate of banks grant NNPC US$1.5bn loan to pay off debts
The deal is aimed at reducing the possibility of Nigeria defaulting on loans. (Image source: sxc.hu)
Nigerian state oil firm NNPC has been granted a loan of US$1.5bn by a syndicate of Nigerian and international banks to allow the company pay off its debts to international fuel traders
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