African Business News

Hyundai Two Key Models To Launch in African and Middle Eastern Markets

Hyundai will confirm details of two new products available to Middle East and Africa markets, with the region included in plans for a New-generation Sonata sedan and an All-new SUV model, the Palisade.


Government's 1D1F programme receives a great boost following the signing of US$300 million MoU between Ghana Export-Import Bank and United States of America Export-Import Bank

Ghana Export-Import Bank (GEXIM) and United States of America Export-Import Bank (EXIM) signed an cooperative agreement which helped the Government's One-District One-Factory (1D1F) programme to receive a remarkable boost.


Tanzania's new cable car plan on Mount Kilimanjaro will help to boost tourist numbers

Around 50,000 tourists climb Kilimanjaro every year. Tourism is considered to be the prime source of hard currency in Tanzania, known for its beaches, wildlife safaris and Mount Kilimanjaro, which has three volcanic cones and is nearly 5,000 metres high from its base.


Oil Deal Signed between South Africa And South Sudan

South Africa has signed an agreement to explore oil in South Sudan, which holds the third-largest oil reserves in sub-Saharan Africa, as part of $1billion potential investment that the petroleum minister in the war-torn east African country hopes will gradually help to increase production.


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