After decades of stagnation, trade between Africa and the rest of world is finally booming. But it is the fast-growing BRICs (Brazil, India, Russia & China) who are the main drivers of this recent surge, rather than the more developed western nations writes Alistair Cotton, senior analyst at Currencies Direct
Finance
Stanbic Bank Ghana seals US$21 million deal with Fuel Trade Limited
Fuel Trade Limited plan to construct an 80,000 metric tonnes facility for fuel storage tanks. (Image source: Stanbic Bank)
Stanbic Bank Ghana Limited has announced it has signed a US$21mn deal with petroleum products distributor, Fuel Trade Limited, to design fuel storage tanks in the Tema region of Ghana
Ethiopian government signs multi-million dollar loan agreement
Ethiopia’s government has signed a multi-million dollar loan deal to improve the quality of basic services in the country. (Source: Mattias Kiel Nielsen)
The government of Ethiopia has signed a US$251mn loan agreement with the African Development Bank (AfDB) to aid them with financing basic services in the country
Somali diaspora could prove to be vital to regional development, insists business leader
Dahabshiil CEO Abdirashid Duale, who spoke at the second annual Somaliland Diaspora Agency (SDA) conference. (Image source: Dahabshiil)
The international Somali diaspora could help stimulate the region through remittance finance, according to the CEO of one of Africas largest remittance companies
UBA promises financial support to East African energy sector
The United Bank for Africa building in Kampala, Uganda. (Image source: www.ubagroup.com)
Pan-African financial institution, United Bank for Africa (UBA) Plc, will provide financial support to East African energy and infrastructure industries
More Articles …
Most Read
Genuine Volvo Parts are specifically developed, tested and approved to get the very best results from your Volvo machine. (Image source: Volvo CE)
The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
Bobcat has included additional features to enhance the visibility around the machines. (Image source: Bobcat)
By localizing production, Stellantis is contributing to job creation, skill development, and technology transfer in Egypt. (Image source: Stellantis)
Latest news
Each of the 10 mtu gensets has a rated power of 2,500kW and an operational lifetime of up to 84,000 hours before needing major overhaul. (Image source: Rolls-Royce)
The project is a continuation of the two earlier phases of the Road Infrastructure Modernisation Programme. (Image source: AfDB)
ArcelorMittal indicated a weak domestic market for Long steel products. (Image source: Adobe Stock)
Both projects will deliver essential power, energy, and ancillary services to Eskom through 15-year Power Purchase Agreements. (Image source: AMEA Power)
Comapire takes over from Seco Power. (Image source: Perkins)
