The International Islamic Trade Finance Corporation (IITFC), a branch of the Islamic Development Bank, has provided funds worth US$265mn to Egyptian General Petroleum Corporation (EGPC)
Finance
ZCCM-IH announces operating profit for 2011
ZCCM - IHs executive chairman noted that high commodity prices impacted positively on the revenue of most of the groups subsidiaries. (Image source: BlueSalo)
Zambia Consolidated Copper Mines Investments has disclosed an operating profit of US$100.7mn in 2011 from 8.9mn in 2010 as a result of a favourable economic environment and high commodity prices
World Bank projects five per cent growth for Kenya's economy
A new report entitled Kenya Economic Update projects that the countrys economy has the potential to achieve a five per cent growth rate next year. (Image source: ollipitkanen)
Kenya’s economy will grow at an average of four per cent and attain a strength of five per cent subject to the outcome of the March 2013 election, the World Bank has stated in a new report
Global hotel chains invest millions in Kenya’s hospitality industry
The Kenya Tourism Board projects tourist numbers to reach 3mn by 2015 with earnings of US$2.4bn. (Image source: Christopher T Cooper)
International hotel chains are investing millions of dollars in Kenya and the wider East African region to cash in on the expanding hospitality industry
African diasporan MBA students plan to return after graduation
A recent survey by Jacana Partners has revealed that 70 per cent of African diasporan MBA students from Western business schools said they would return to work in Africa after graduation
More Articles …
The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)
GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)
The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)
The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)
ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)
Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)
The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)
Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)
WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)
The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)
Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)
IVECO is renewing its entire product range, all at once. (Image source: IVECO)
The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)
Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)
There has been a focus on the sugar industry. (Image source: Adobe Stock)
Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development, says IRENA. (Image source: IRENA)
World Bank & African Development Bank partner to provide electricity access to 300 million Africans by 2030, leveraging public-private investments. (Image source: Adobe Stock)
At WFES, Gotion High-tech will showcase its latest products and leading green energy solutions at its booth. (Image source: Gotion High-tech)
The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)
SSAB will begin deliveries of the new products in 2026.
The key issues restricting sub-Saharan Africa’s manufacturing sector will be unpacked at Manufacturing Indaba later this year. (Image source: Adobe Stock)
Hyphen is developing sub-Saharan Africa’s largest, most advanced and only fully-vertical integrated green hydrogen project. (Image source: Hyphen)
According to Liebherr, the Used Equipment Marketplace is extremely user-friendly. (Image source: Liebherr)
Electricity storage will be pivotal in unlocking renewable projects and meeting energy demand. (Image source: Adobe Stock)
Africa Data Centres and DPA SA have broken ground on their solar farm in the Free State. (Image source: Africa Data Centres)
A Cat PM310 Cold Planer in action. (Image source: Caterpillar)
A larger stockholding of WEG products facilitates ready access for customers. (Image source: WEG Africa)
African nations have turned to the concept of power pools to address the continent's energy deficit and foster regional cooperation. (Image source: Synergy Consulting)
Dietmar Siersdorfer is expanding his role as Middle East managing director at Siemens Energy to include Africa. (Image source: Siemens Energy)
The Msikaba Bridge has anchor blocks 17 m wide which contain around 21,000 tons of concrete. (Image source: Sanral)
