Finance

African Development Fund commits US$21.6mn to upgrade National Road Network

atr1The African Development Fund's board of directors in Abidjan have approved US$21.6mn in grants for the third phase of the National Road Network Rehabilitation Programme in the Union of Comoros

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AfDB Group President wraps up three-day visit to the UAE

51969042946 704f753e9a o CopyAfrican Development Bank Group (AfDB) President Dr Akinwumi A. Adesina wrapped up an official three-day visit to the UAE covering engagements in Dubai and Abu Dhabi on Friday

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James Fisher Subtech SA completes B-BBEE transaction

IMG 0128 CopySubtech South Africa (Pty) Ltd, a subsidiary of James Fisher Subtech – the global specialist provider of innovative marine (offshore and nearshore) solutions, has completed a major Broad-Based Black Economic Empowerment (B-BBEE) transaction, transferring a 51% stake in the business to South African black owned consortium, Tacenda Consulting (Pty) Ltd and Thembani Shipping (Pty) Ltd.

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Democratic Republic Of Congo formally admitted to EAC

AdobeStock 238403659 CopyThe Democratic Republic of Congo (DRC) has been officially admitted into the East African Community (EAC) during the 19th Extra-Ordinary Summit of the EAC Heads of State and Government which was virtually chaired by President Uhuru Kenyatta

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Qatar, Egypt agree on set of investments, partnerships worth US$5bn

Qatar Egypt 30 March partnershipQatar and the Arab Republic of Egypt have agreed on a set of investments and partnerships in Egypt, totaling US$5bn in the coming period


The meeting dealt with a review of bilateral relations between the two brotherly countries and the importance of strengthening cooperation and coordination between them

This came during a meeting held on Tuesday in Cairo between HE Prime Minister of the Arab Republic of Egypt, Dr Mostafa Madbouly and deputy prime minister and minister of foreign affairs, Sheikh Mohammed bin Abdulrahman Al-Thani and minister of finance Ali bin Ahmed Al Kuwari.

The meeting dealt with a review of bilateral relations between the two brotherly countries and the importance of strengthening cooperation and coordination between them in various fields.

The two sides praised the step of forming a joint higher committee headed by the foreign ministers of the two brotherly countries with the aim of continuous consultation and strengthening cooperation and coordination in all fields. 

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