South African hotel chain Protea Hotels has announced plans to develop five new properties in East Africa to tap into the expanding tourism and oil sectors
Finance
AfDB signs US$100mn deal to support private sector growth in Africa
Japan has entered into a US$100mn loan agreement with the African Development Bank (AfDB) to support the growth of Africas economy
Qatar to provide Morocco US$1.25 billion financial aid
The government of Qatar has signed an agreement with Morocco to provide the north African kingdom a US$1.25bn aid, as a part of its five-year financial assistance package
AfDB commissions US$25 million fund for infrastructure projects across Africa
The African Development Bank (AfDB) has commissioned a US$25mn Pan-African Infrastructure Development Fund (PAIDF 2), which will invest in power, transport, water and sanitation, information and communication technologies (ICT) and healthcare infrastructure projects across the continent
Sub-Saharan Africa to witness business boom
Africa, home to a billion people and endowed with abundant resources, is now one of the world’s fastest-growing continents