Category: News

ALGERIA TO BUILD 1,000 KM RAIL NETWORK TO TRANSPORT IRON ORE

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( Ecofin Agency) – The country is seeking to create new rail links to densify its network in order to facilitate freight transport, mass transport, and limit the deterioration of roads. Algeria plans to build a 1,000 km railway network to facilitate the evacuation of iron ore from its Gâra Djebilet mine, located in the western province of Tindouf, Algeria Presse Service reported. The railroad will link the mine to Bechar, a province in the northwest of the country. “Technical teams of the National Agency for Studies and Monitoring of…

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Trade : Germany to Support Kenyan Businesses in Accessing European Markets

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  Germany will support Kenya in its attempt to better penetrate the European Union market. Chancellor of Germany Olaf Scholz said Kenya is a true friend and stable country in Africa whose economy must be helped to thrive. “The better access to Europe will help Kenyan firms to produce and sell more. This will accelerate employment creation and support more lives,” he said. He was addressing the media on Tuesday at his office in Bundeskanzleramt in Berlin after talks with President William Ruto. We value the role that Germany has…

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WACT commissions 16 brand new terminal trucks at the Port of Onne, Nigeria

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West Africa Container Terminal (WACT) recently commissioned 16 brand new Terminal Trucks, to boost efficiency and cargo handling operations at the Onne Port, Rivers State, Nigeria. With the acquisition and commissioning of the new terminal trucks, WACT now boasts of 36 terminal trucks deployed into its operations read more on Maritimafrica

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Fez Delivery, a techstars-backed logistics startup announces Seed raise of $1 million led by Ventures Platform

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LAGOS, Nigeria, March 28, 2023/APO Group/ — Fez Delivery (https://FezDelivery.co/), a leading logistics and delivery company, announced its $1 million seed round today. Ventures Platform led the funding round, with participation from Voltron Capital, Acasia Ventures (formerly Cairo Angels), and other angel investors. This funding announcement follows Fez Delivery’s acceptance as one of the only two logistics companies in Nigeria to have received investment from Techstars Toronto, an elite global tech accelerator. Fez Delivery was founded in 2020 by Seun Alley, as a pivot from her previous company which offered janitorial…

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Ethiopia and Djibouti reached an agreement on the completion of a road that links the two countries

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Ethiopia and Djibouti reached an agreement (23 March 2023) on the completion of a road that links the two countries. The 35 kilometer road between Galamo and Moloud will enable the smooth circulation of vehicles and cargo, enhancing transportation between the two countries. The agreement ensures that the Galamo-Moloud road will be completed within a year, with appropriate payments being provided to the Ethiopian Construction Works Corporation (ECWC). The agreement was reached during the visit of H.E. Dr. Alemu Simie, Minister of Transport and Logistics to Djibouti. During the visit,…

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Senegal : The Minister of Infrastructure ”satisfied” with the progress of the BRT works

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Dakar, March 24 (APS) – Work on the construction of the Bus rapid transit (BRT) “has made great progress”, welcomed, on Friday, the Minister of Infrastructure, Land Transport and Opening up, Mansour Faye, stressing that the commercial operation is planned for the ”last quarter” of the year. ”The observation is that the work has progressed well. We have noticed that the general traffic lanes have been practically all freed up. The workers are under construction at the stations”, declared the minister, who said he hoped that ”the delivery of the infrastructure as…

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First E-Mobility Forum in Dar es Salaam supporting sustainable and electric urban mobility

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Dar es Salaam, 21 March 2023 – Partners of the EU-funded project SOLUTIONSplus, the Africa Support and Investment Platform for E-mobility led by UNEP and TUMI E-bus Mission have teamed up to organize the first E-Mobility Forum in Dar es Salaam, from 20 to 24 March 2023. The Forum provides a first-of-its-kind platform gathering the Tanzanian government, representatives from 17 African countries, e-mobility companies, research institutes, financiers, international institutions, and development organisations. The Tanzania E-mobility Day and the Africa Support and Investment Platform for E-Mobility were opened by Hon. Amos…

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Trade : Tracking Africa’s progress on AfCFTA

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On the sidelines of the 55th session of the Economic Commission for Africa in Addis Ababa, Ethiopia, the ECA communication team interviewed Stephen Karingi, Director of the Regional Integration and Trade Division on the progress of the African Continental Free Trade Area (AfCFTA), three years since its launch. At what stage are countries on the AfCFTA? We are in the trading stage where money is being made and the private sector is taking advantage of the opportunity the AfCFTA has offered. For example, value added coffee has been traded from…

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Kenya: African Development Bank approves $30 million Trade & Small and Medium Enterprises (SME) Finance Facility for Family Bank Limited

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The Board of Directors of the African Development Bank Group  has approved a $30 million Trade & SME Finance Facility for Family bank Limited (FBL) in Kenya. The facility is expected to boost intra-Africa trade, promote regional integration and contribute to the reduction of the trade & SME finance gap in the East African nation.   The facility will provide a Trade Finance Line of Credit to support FBL’s short-term trade finance activities, a Transaction Guarantee, which will provide a risk-covered strategic platform to enable confirmation of trade transactions originating…

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Algeria : Iconic FIAT Brand Launches by Stellantis

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Stellantis o announces n March 19, 2023, the launch of FIAT brand in Algeria to meet the Algerian customers’ expectations with a wide range of models during a ceremony chaired by Mr. Ali Aoun, Minister of Industry and Pharmaceutical Production, Mr. Tayeb Zitouni, Minister of Commerce and Export, HE. Mr. Giovanni Pugliese, Ambassadors of Italy in Algeria, HE. Mr. Abdelkrim Touahria, Ambassadors of Algeria in Italy, Mr. Samir Cherfan, Stellantis Middle East and Africa Chief Operating Officer, Mr. Olivier François, FIAT Chief Executive Officer and Stellantis Global Chief Marketing Officer, and…

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