The African Development Bank (AfDB) has approved two grants for Malawi worth US$9mn for budgetary support and a hydroelectric power plant feasibility study
Finance
AfDB to release funds for Africa’s infrastructure
The African Development Bank has proposed a US$20bn innovative instrument for financing of Africa’s infrastructure development
Heirs Holdings commits funds for African power sector
Heirs Holdings, which is owned by African businessman Tony Elumelu, has committed US$2.5bn for improving the African power sector
Dangote to invest US$15 billion in Africa by 2018
Nigerian businessman and owner of the Dangote Group Aliko Dangote. (Image source: World Economic Forum/Flickr)
Nigerian businessman and owner of the Dangote Group Aliko Dangote has pledged to invest up to US$15bn in business opportunities around Africa by 2018
Samsung launches jet engine air conditioner
The jet engine air conditioner features a sleek design. (Image source: orangeinkpr)
Samsung Electronics South Africa has announced the launch of Q9000 jet engine air conditioner, which will use jet engine technology to cool or heat air faster than conventional units
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