Africa
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Senegal achieves first oil from Sangomar Project
JOHANNEBURG, June 12, 2024 – Exploration and production company Woodside Energy has achieved first oil production at Senegal’s inaugural offshore oil project – the Sangomar field development. This milestone underscores the effective…
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Fidelity Bank Nigeria completes acquisition of Union Bank UK
CAIRO, June 11, 2024 – African Export-Import Bank [Afreximbank] has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalisation of…
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15th General Assembly of AUB set to be hosted in Botswana
DAKAR, June 10, 2024 – The African Union of Broadcasting [ AUB ] will hold its 15th General Assembly from September 3 to 5, 2024 in Gaborone, capital of the Republic of…
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Africa: Ecobank Group launches 2024 Fintech Challenge with Shs 190mln prize
LOME, June 8, 2024 – Ecobank Group which also operates in Uganda has launched the 2024 Fintech Challenge and is calling for applications from across Africa, according to a press release. This…
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Uganda, Korea sign financing agreement
SEOUL, June 6, 2024 – Uganda and South Korea have signed a framework agreement that will make the former acquire a US$ 500 million loan from the Korea EXIM Bank for the…
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Society Artisanal partners with Minespider to track conflict-free gold from the DRC
KINSHASA, June 6, 2024 – Society Artisanal, an organisation that aims to export conflict-free artisanal gold from the Democratic Republic of Congo [DRC], has announced its partnership with Minespider, a technology company…
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PAP and ICA-Africa teams meet to discuss proposed draft Model Law on Cooperatives in Africa
MASERU, June 5, 2024 – A significant step towards strengthening cooperative societies in Africa was marked by a recent meeting between technical teams from the Pan-African Parliament [ PAP ] and the…
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AfDB and Rwanda sign partial credit guarantee agreement to support green and social initiatives
NAIROBI, June 5, 2024 – The African Development Bank [AfDB] and the Government of Rwanda have signed a partial credit guarantee agreement to support Rwanda’s mobilisation of financing for green and social…
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United Bank for Africa: Shareholders approve payment of N78.7 billion dividend
LAGOS, June 3, 2024 The shareholders of the United Bank for Africa [UBA] Plc, have congratulated the Board of Directors, management and staff of the Bank for the impressive performance recorded over…
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41 African countries set for stronger growth in 2024 – African Development Bank’s Economic Outlook
NAIROBI, June 1, 2024 – African economies remain resilient, despite challenges that are testing economies worldwide. According to the latest African Development Bank Group’s African Economic Outlook, 41 countries on the continent…
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