Here is a brief overview of the week’s news on African Review, from 14th - 18th August 2017
Africa Progress Panel: "Increased off-grid and mini-grid investments could solve Africa’s electricity crisis"
African governments and their partners need to move faster to bridge the continent’s huge energy gap. That means adopting every available solution, on and off the grid, according to a new report from Kofi Annan’s Africa Progress Panel. Click here to read the full story.
Growing opportunities for foreign investment in Africa’s hospitality sector
The emerging markets are set to post faster growth in revenue than their counterparts in developed countries, making them integral to the expansion strategies of some of the world’s leading hotel developers. Click here to read the full story.
EMC3 Chairman Baba Epega announces US$100mn project bringing motorsport to Nigeria
West Africa’s first motorsports racetrack and leisure park is set to be open in a US$100mn project. Click here to read the full story.
Angolan beverage plant gets approval for development
Grupo Sun Ocean Lda is a project in Angola’s beverage sector with capacity to produce, package and distribute juice, water and wine with significant capacity to contribute to positive economic and social impacts in Angola. Click here to read the full story.
Lagos slows as travel to Africa displays double-digit growth
An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air is cutting 53 per cent of its seats for the rest of 2017. Click here to read the full story.
IMF completes 2017 Article IV mission to Mauritius
An International Monetary Fund (IMF) mission led by Amadou Sy visited Port Louis and Ebène during 31 July – 15 August 2017 to conduct the discussions for the 2017 Article IV consultation with Mauritius. Click here to read the full story.
US support industrialisation and regional value chains in Sub-Saharan Africa
AGOA is a unilateral Act of Congress that was introduced in 2000 to provide duty-free quota-free treatment for over 6000 tariff lines into the United States market. Click here to read the full story.
LUX implements 100 per cent renewable energy production project on Ile des Deux Cocos property
The 20kWp project’s state-of-the-art design and storage solution will allow for 11 hours of utilisation daily and fulfill self-sufficiency of the property including during night-time. Click here to read the full story.
US applauds peaceful Kenyan elections
Heather Nauert, the Department Spokesperson for the US Department of State, has released this statement, following the Kenyan presidential election which took place on last week. Click here to read the full story.
