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[SA Business Week] Mixed fortunes for public and private sectors
The public and private sectors have this week recorded heightened activities with partnerships, trade and capital markets dominating headlines.East African bloc commits to make regional trade cheaper, faster and simpler
Burundi, Kenya, Rwanda, the United Republic of Tanzania, and Uganda have agreed to make trade between them and with other countries cheaper, faster and simpler.Afreximbank launches $1 billion programme to promote Nigeria-Africa trade
The African Export-Import Bank (Afreximbank) has signed an agreement with the Nigerian Export Promotion Council and, launching a $1-billion Nigeria-Africa Trade and Investment Promotion Programme.[Mauritania] Government awards Total two oil exploration and production contracts
Mauritania government has awarded Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania.EU commits €108 million to improve Niger’s social policies, good governance and access to electricity
The European Union is mobilizing an extra €108 million for social policies, security, good governance and access to electricity in Niger.[Burkina Faso] Roxgold announces completion of Bagassi South Project
Gold mining company Roxgold Inc.has announced completion of the Bagassi South Project in Burkina Faso under budget and on schedule.Lendable expands access to credit across Sub-Saharan Africa
Lendable, Inc., a New York and Nairobi based technology-enabled funding provider to frontier market alternative lenders has announced expansion of credit model in Africa.ACWA Power collaborates with ECOHZ to empower Morocco women
ACWA Power has announced collaboration with ECOHZ to empower local women and support communities in Morocco.[Column] Bob Koigi: Africa’s silver bullet is in its new tribe
In East Africa, a group of vanguard youthful innovators are transforming the region into a tech powerhouse through modern innovations.[Kenya Business Week] Conquering the skies, an innovation at a time
Weeks after launching direct flights to the United States, Kenya is streamlining its aviation sector further.Mondelēz International sells African cheese business to Arla Foods
Mondelēz International, Inc. is set to sell Kraft-branded Cheese Business in Africa and Middle East to Denmark dairy company Arla Foods.South Africa deposits instrument ratifying Tripartite Free Trade Area
South Africa has deposited the instrument of ratification of the Agreement establishing the Tripartite Free Trade Area.Qatar Petroleum marks its first entry into the Republic of Mozambique
Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Republic of Mozambique.Africa is an extremely important market for South Africa, Trade Minister
South Africa Minister for Trade and Industry Dr Rob Davies said that South African business people should consider the continent as an extremely important market, especially for trade in value added products.[Column] Phyllis Wakiaga: Kenya’s focus on SMEs is a welcome Intervention
50 per cent of all new Kenyan jobs are estimated to come from medium and large companies, despite them constituting only 20 per cent of all firms in the manufacturing and services sectors.[Morocco] Royal Air Maroc receives first B787-9 Dreamliner from Boeing
Boeing has delivered the first 787-9 Dreamliner for Royal Air Maroc, introducing a second member of the super-efficient Dreamliner family to the airline's fleet.Mahindra delivers its first order to South Africa rental fleet industry
In May this year, car maker Mahindra opened its first assembly facility in South Africa.[Malawi] Mkango renews license for Songwe Hill Rare Earths project
Rare earths exploration and development company focused on Malawi Mkango Resources Ltd., has announced that the Government of Malawi has granted a further two-year renewal.Eni discovers new oil offshore Angola
Eni struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola.[Morocco] ONDA partners with National Aviation Services to launch e-gates at Pearl Lounge
The Moroccan Airports Authority (ONDA) has partnered with National Aviation Services to launch the first electronic gates at the Pearl Lounge in the Marrakech Menara Airport departures area.Afreximbank, Heirs Holdings sign $600 million financing agreement to scale energy investments
Afreximbank, has signed financing facilities totaling $600 million with the Heirs Holdings Group.[South Africa] Actis sells Compuscan to Experian for $36 million
Actis, a growth markets investor, has announced their agreement to the sale of Compuscan, a provider of credit information and analytics services, to Experian.AfDB and Entreprenarium launch master classes for 200 women entrepreneurs
The African Development Bank, as part of its Initiative to Support Access to Women in Africa (AFAWA), in partnership with Entreprenarium, has launched training sessions for 200 women entrepreneurs.[Angola] Bongani Investment group invests €3.5 million in ornamental rocks
At least 3.5 million euros have been invested by the Alaturca Pedras Naturais plant, a company belonging to the Bongani Investment group, in the second line of cutting and polishing of ornamental rocks,Fitch downgrades Nigeria's Diamond Bank ratings
Fitch Ratings has downgraded Diamond Bank Plc's Long-Term Issuer Default Rating (IDR) to 'CCC' from 'B-' and Short-Term IDR to 'C' from 'B'.
