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Rabah Arezki appointed Chief Economist and Vice President, Economic Governance and Knowledge Management, AfDB
The African Development Bank Group (AfDB) has appointed Dr. Rabah Arezki as Chief Economist and Vice President, Economic Governance and Knowledge Management, effective 1st October 2020.CMA CGM to launch 'Round the Africa' service
Container transportation and shipping company CMA CGM will launch its new product 'Round the Africa' (RTA), in complement of the current existing 31 services to Sub Saharan Africa, come July 25, 2020 in Shanghai, China.Bank of Central African States allows opening of foreign currency, escrow accounts
The Board of Directors of the Bank of Central African States (BEAC) has allowed the opening of foreign currency escrow accounts by petroleum and mining operators.[Nigeria] Emeka Onwuka appointed Seplat's Chief Financial Officer, Executive Director
Seplat Petroleum Board of Directors appointed Mr. Emeka Onwuka as Chief Financial Officer (CFO) and Executive Director of the Company, joining the Seplat Board, effective August 1, 2020.World Bank Country Partnership Framework 2021-26 to support Rwanda’s strategic priorities
The World Bank discussed the Rwanda Country Partnership Framework (CPF) for the period 2021-26, to guide the Bank’s work for the next 6 years supporting the Government of Rwanda’s strategic priorities.Kiva receives $2.5 million from USAID to support one million women entrepreneurs globally
Financial inclusion non-profit Kiva is announcing a partnership under the White House-led Women’s Global Development and Prosperity (W-GDP) Initiative with USAID to advance women’s economic empowerment.Total to resume drilling offshore South Africa in September
French oil major Total and its project partners are set to resume drilling at block 11B/12B in the Luiperd prospect, where Total in early 2019 flagged potential resources of 1 billion barrels of oil equivalent, in September.IFC launches USD global bond, raises $2 billion to support private sector in developing countries
IFC issued a new US dollar global benchmark bond, raising $2 billion to support private sector enterprises in developing countries in the face of the global COVID-19 health and economic crisis.Pensana Rare Earths lists Angola’s Longonjo Project on the London Stock Exchange
Australian exploration company Pensana Rare Earths has listed its Longonjo project in Angola on the London Stock Exchange, representing the U.K.’s first resources-focused IPO since COVID-19.Zenith Energy to potentially acquire second oil production asset in Congo
International oil & gas production company focused on pursuing African development opportunities Zenith Energy announces it has entered into a joint venture agreement with a local oil & gas company in the Republic of the Congo.MIGA and TDB increase financing for trade in Eastern and Southern Africa
MIGA, a member of the World Bank Group, has issued a guarantee of EUR 359 million for up to ten years for a loan provided to the Eastern and Southern African Trade and Development Bank.[Nigeria] Mammoet completes heavy lifting and transport scope for the world's largest single train petroleum refinery
With the final 1,240 tonnes propylene mounded bullet installed at Dangote Petroleum Refinery and Petrochemical complex in Nigeria, Mammoet is demobilizing equipment it has deployed there.African Union launches Consortium for COVID-19 Vaccine Clinical Trial
The African Union Commission has launched the Africa Centres for Disease Control and Prevention (Africa CDC) Consortium for COVID-19 Vaccine Clinical Trial (CONCVACT).The OPEC Fund boosts transport infrastructure, trade prospects in Mali
The OPEC Fund for International Development (the OPEC Fund) signed a $20 million loan agreement with the Republic of Mali to finance a road project that will improve links to economic centers and social amenities.The OPEC Fund finances job creation, boosts self-employment in Egypt
The OPEC Fund for International Development (the OPEC Fund) signed a $95 million loan agreement with Egypt to help create thousands of job opportunities and boost self-employment in the North African country.TechnipFMC signs contract with ANOPC for new Hydrocracking Complex in Egypt
TechnipFMC has signed a major Engineering, Procurement, and Construction contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.[South Africa] ContinuitySA introduces SME targeted recovery as a service offering
ContinuitySA has launched Recovery as a Service (RaaS), which puts Work Area Recovery facilities within the reach of Small to Medium Enterprises in South Africa.Ethiopian Airlines announces resumption of regular services as lockdown eases
Ethiopian Airlines, Africa’s largest airline, is resuming service to Dubai further to the ending of the lock-down and its opening for leisure travelersIFC provides funding to Nyaho Medical to expand access to quality healthcare in Ghana
IFC announced a $5.2 million loan to Nyaho Medical Centre to support the Ghanaian health care provider’s expansion outside Accra and the upgrade of its existing hospital so it can better serve its patients.[Column] Caleb Onyango: Managing our wellbeing in these trying times
Psychologically, the Covid-19 pandemic has impacted our emotions, our thought processes and ultimately our behavior.World Bank approves $425m financing to support infrastructure development in Eastern and Southern Africa
The World Bank approved $425 million in International Development Association financing to support infrastructure development in Eastern and Southern Africa through the Trade and Development Bank and COMESA Secretariat.Abbot Laboratories faces multimillion-dollar lawsuit over contract compliance with African Covid-19 Test Kits
The Centurion Law Group has been engaged to institute legal action against American multinational health care company Abbott Laboratories for willfully undersupplying African suppliers of COVID-19 test kitsYutong provides support in pandemic prevention of public transport in Africa
China Yutong Bus has donated more than 1.2 million medical masks to African countries and shared the experience of public transport pandemic prevention in China.Merck appoints Ramsey Morad as regional VP for MEAR region
Merck, a science and technology company has appointed Ramsey Morad as Regional Vice President for the Healthcare business in Middle East, Africa, Turkey and Russia & CIS.[Nigeria] FCMB to acquire 96 %stake in AIICO Pensions
FCMB Group notified the Nigerian Stock Exchange that its pensions arm, FCMB Pensions, has entered into an agreement to acquire 96% of AIICO Pensions.
