Trade

Rwanda Vaccine Factory to Revolutionize Healthcare in Africa

Rwanda has made history with the construction of its first mRNA vaccine factory, a groundbreaking project that has the potential to revolutionize healthcare on the African continent. The project, which is a partnership between the Rwandan government and German biotechnology company BioNTech, will produce mRNA vaccines against diseases like COVID-19, malaria, HIV What you should …

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TotalEnergies to invest $6 Billion in Nigeria’s Energy Sector

French energy giant TotalEnergies has unveiled its plans to invest $6 billion in Nigeria’s oil and gas industry over the coming years, focusing on offshore projects and gas production across all terrains. This significant investment is a major boost for Nigeria’s economy and its efforts to attract foreign investment. The company while unveiling the plans, …

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S’African Billionaire, Oppenheimer buys 100% stake in Nigerian Can Manufacturer

A South African businessman has acquired a 100% stake in Nigeria’s biggest beverage can manufacturer, GZ Industries. The deal was announced recently by Johannesburg-based Global Beer Company, which is controlled by Jonathan Oppenheimer, the son of South African billionaire Nicky Oppenheimer. The acquisition is a major boost for GZ Industries, which has been struggling in …

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South Africa’s state-owned Transnet gets $2.5 billion to meet debt obligations

The South African government has announced a $2.5 billion bailout for the state-owned freight rail and ports operator Transnet. The company has been struggling with operational, financial, and governance challenges, and the bailout is intended to help it meet its debt obligations and improve its performance. Transnet is a crucial part of South Africa’s economy, …

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EU to Invest €8 billion in Africa’s Agric Sector

The European Union (EU) has pledged to invest €8 billion in African agriculture over the next seven years. This significant investment aims to boost food production, create jobs, and improve food security across the continent. The funds will be used to support a variety of initiatives, including: Increasing agricultural productivity: This includes investments in irrigation …

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Germany pledges investment in Africa’s Green Energy Projects

Germany has pledged to invest €4 billion (US$4.37 billion) in African green energy projects until 2030. This announcement was made by German Chancellor Olaf Scholz at the G20 Compact with Africa summit in Berlin on November 21, 2023. What you should know The investment will focus on projects that promote the use of renewable energy …

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UK Supreme Court Rules Against Rwanda Asylum Deal

In a landmark ruling on November 15, 2023, the UK Supreme Court ruled that the government’s plan to send asylum seekers to Rwanda is unlawful. The court unanimously found that the policy put asylum seekers at real risk of ill-treatment and violated the UK’s obligations under the Refugee Convention. The policy, which was announced in …

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The Biden-led US Government, Africa set to announce new trade and investment deals

The Joe Biden-led white house is ramping up its investment in Africa with a new trade and investment deal on the horizon.  According to a recent announcement from the White House, the United States and Africa are poised to announce a number of new trade and investment deals.  The deals are expected to cover a …

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Saudi Arabia Pledges $25 Billion in Investment for Africa, to increase Diplomatic Presence

As part of efforts towards strengthening ties with Africa, the Crown Prince of Saudi Arabia, Prince Mohammed bin Salman has announced the Kingdom’s inject over $25 billion in new Saudi Investments into the continent. Prince Salman made this known during the just concluded Saudi Arabia-Africa Summit in Riyadh, Saudi Arabia. The leaders of Saudi Arabia …

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China, Africa deepen ties with new trade and investment deals

As part of efforts to sustain the enduring bilateral relations between China and Africa, the South-East Asian country and Africa have signed a series of new trade deals to promote shared interests and economic growth. The deals were signed on the sidelines of the Forum on China-Africa Cooperation (FOCAC), a major summit that takes place …

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