African Business News

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.


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.


ExxonMobil To Increase Oil Exploration Range In Namibia

According to a note from Standard Bank, stabilizing crude oil prices above $60 per barrel will backbone the investment in African oil and gas during the coming five years. That improved outlook could finally induce a discovery in Namibian oil exploration.


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