Africa Economy, Business, East Africa

OPIC opens first office in East Africa

The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has announced the opening of its first-ever East Africa office, located in Nairobi, Kenya, with Suresh Samuel as Managing Director. East Africa is a fast growing region and need for investment in power, infrastructure, water, agriculture, and other development sectors is growing - Africa… Continue reading OPIC opens first office in East Africa

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Africa Economy, Industry Sector

Congo miners stare into abyss after commodities slump

LUBUMBASHI, Democratic Republic of Congo - At a mining conference in Democratic Republic of Congo's mining capital, Lubumbashi, last month, government officials and mining company executives huddled around two big tables, brainstorming how to save a failing copper mine. The mine was fictional but the scenario was all too real: Africa's leading copper producer has… Continue reading Congo miners stare into abyss after commodities slump

Africa, Africa Economy, East Africa, Industry Sector

Facebook Grows 16% In South Africa, 6% In Nigeria, 18% In Kenya

Some 14-million South Africans use Facebook FB -0.28% every month, the social network says, a 16.6% increase in the year since it last released figures. Nigeria’s monthly active users (MAU) have grown to 16-million (from 15-million) which is a 6.67% increase, as of the first quarter of 2016. Kenya has 5.3-million (up from 4.3-million or… Continue reading Facebook Grows 16% In South Africa, 6% In Nigeria, 18% In Kenya

Africa, Africa Economy, East Africa, Industry Sector

Liberalisation to blame for fall of Kenya’s coffee sub-sector

NAIROBI, Kenya, Jun 27 – The collapse of the once booming coffee business in Kenya is to be blamed on its liberalisation by the IMF in the 1990s, says Newton Nderitu, a member of a taskforce appointed by President Uhuru Kenyatta to review the entire coffee value chain. According to Nderitu, the government of the… Continue reading Liberalisation to blame for fall of Kenya’s coffee sub-sector

Africa Economy, Industry Sector, Renewable energy, South Africa

Zaire: Gas transportation project presented

ANGOLA - Speaking at the presentation ceremony of the project, which is dubbed FALCÃO, the chairman of the executive commission of Sonagas, Rúben Costa, revealed that the construction works of the gas pipeline will last ten months and will be carried out by a national firm. “The pipeline will serve to transport gas from the… Continue reading Zaire: Gas transportation project presented