African Business News

AfDB Approves U.S.$138 Million for Rusizi III Hydropower Project

The African Development Bank (AfDB) Group has approved $138 million in loans and grants to finance the Rusizi III Hydropower Plant Project.

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Nigeria Earns N413 Billion From Gas Export in Three Months

Nigeria earned N412.983 billion from the export of Liquefied Natural Gas, LNG, Liquefied Petroleum Gas, LPG, also known as cooking gas and other gaseous materials in three months, between July and September 2015, according to data obtained from the National Bureau of Statistics, NBS.

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Foreign investor to inject Sh12.8b into ARM

Kenya’s second largest cement maker ARM Cement Ltd is eyeing a US$125 million (Sh12.8 billion) investment from an international institutional investor should the ongoing negotiations succeed.

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Egypt to Sign Final Contract On Dabaa Nuclear Plant in January

Egypt and Russia are going to sign a final contract on the Dabaa nuclear plant next month, after Russia made the best of three offers, Egypt's electricity minister told reporters Monday.

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