African Business News

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.


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.


Liberia's Energy Sector to gain a great support from the World Bank package

The Regional Off-Grid Electrification Project will provide U.S.$150 million in the form of credit and grants from the International Development Association for West African countries, and also U.S.$74.7 million for the renewable energy sector.


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