Category: News

Botswana unveils first locally assembled electric vehicles backed by Chinese brands

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GABORONE, Oct. 8 (Xinhua) — Botswana on Monday unveiled its first batch of locally assembled electric vehicles in Gaborone, the capital of Botswana, with support from two Chinese vehicle manufacturing companies. The unveiling ceremony took place at the showroom of Botswana Institute for Technology Research and Innovation (BITRI), which was established in 2012 as a parastatal under the Ministry of Communications, Knowledge and Technology. BITRI Chief Executive Officer Shedden Masupe said the unveiling ceremony is a culmination of a partnership between the institute and two Chinese companies. According to Masupe,…

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Strengthening Intra-African Trade: 150 Ivorian Companies Boosted by the African Trade Gateway (ATG) Platform

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Strengthening Technological Capabilities: Ceremony for Making the ATG Platform Available to Ivorian Exporting Companies Abidjan, October 10, 2024 – The African Trade Gateway (ATG) Platform proposed by AfreximBank was presented this Thursday to several Ivorian exporting companies during a ceremony organized by the General Confederation of Enterprises of Côte d’Ivoire (CGECI). About 150 Ivorian companies will now benefit from the opportunities offered by the African Trade Gateway (ATG) platform, developed by Afreximbank. This multifunctional solution was officially launched on October 10, 2024, in Abidjan, during a ceremony marked by the…

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AJet expands network with new routes to Saudi Arabia and Egypt, connecting key destinations

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As part of its rapid growth following the 2024 summer season, AJet launched new routes to four cities in Saudi Arabia and two popular Egyptian destinations, offering affordable and efficient travel options across 95 destinations AJet (www.AJet.com), Türkiye’s fast-growing airline, has announced the launch of new routes to Saudi Arabia and Egypt, continuing its network expansion. Beginning October 1, 2024, AJet offers flights from Istanbul’s Sabiha Gökçen Airport to Jeddah, Riyadh, Medina, and Dammam in Saudi Arabia, as well as flights to the Egyptian resort cities of Sharm El-Sheikh and Hurghada. In contrast to its parent Turkish Airlines, AJet focuses on…

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Djibouti Ratifies the Tripartite Free Trade Area (TFTA) Agreement

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The government of the Republic of Djibouti has recently taken a significant step toward regional economic integration by adopting a draft law ratifying the Tripartite Free Trade Area (TFTA) Agreement. This agreement brings together three major regional economic communities: the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC), and the Southern African Development Community (SADC). The decision was made official during a Council of Ministers meeting, marking Djibouti’s commitment to actively participating in this regional initiative. A Historic Project for Regional Integration The TFTA Agreement,…

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Senegal: Launch of Simultaneous Circulation of Mining Trains and TER, a Major Advancement for the Senegalese Railway Sector

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Logis-T Africa – Monday, October 7, 2023, will henceforth be etched in the history of the Senegalese railway sector as a day of significant progress. Indeed, the Train Express Regional (TER) station in Diamniadio was the scene of the official launch of the simultaneous circulation of mining trains (ICS and GCO) with the Regional Express Train (TER). The ceremony, presided over by Mr. El Malick Ndiaye, Minister of Infrastructure, Land and Air Transport, brought together the highest officials of the Senegalese railway sector, including the general directors of SENTER, SETER,…

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Burkina Faso Aims to Modernize its Railway Network

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In an announcement that marks a turning point for Burkina Faso’s railway infrastructure, President Ibrahim Traoré unveiled an ambitious project on Saturday aimed at revolutionizing the country’s rail transport. During a radio broadcast from the Koulouba Palace in Ouagadougou, Captain Traoré outlined his vision for a modern railway network, supported by a national rail production industry. “We want standard-compliant rails to have modern trains,” said the President, highlighting the dilapidated state of the current infrastructure. He pointed out the limitations imposed by existing rails, explaining that no modern locomotive can…

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ECOWAS Launches Major Cross-Border Bridge Project Between Côte d’Ivoire and Liberia

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On October 3, 2024, the Economic Community of West African States (ECOWAS) took a crucial step in regional infrastructure development by officially launching the construction of a bridge over the Cavally River. This ambitious project, which will connect Côte d’Ivoire to Liberia, is part of ECOWAS’s Vision 2050 aimed at strengthening economic integration and connectivity in West Africa. Spanning 288 meters, this two-lane prestressed reinforced concrete bridge is much more than just infrastructure. According to Mr. Chris Appiah, Acting Director of Transport at the ECOWAS Commission, it represents “a gateway…

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Republic of Congo Enhances Road Safety with Quipux

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On October 2, 2024, a major agreement aimed at improving road safety in the Republic of Congo was concluded in Abidjan. Minister Denis Christel Sassou Nguesso and the company Quipux signed a memorandum of understanding to implement a series of innovative initiatives as part of a public service delegation. This public-private partnership, developed with the support of the National Steering Committee for PPPs in Côte d’Ivoire, provides for a comprehensive program focused on three main areas: Driver Education: A training program will be established to educate Congolese drivers on good…

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ARISE IIP Raises $443 Million to Accelerate Industrialization in Africa

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Industrial park developer ARISE Integrated Industrial Platforms (ARISE IIP) announced on Thursday a major fundraising of $443 million, marking a significant milestone in its efforts to boost industrialization across the African continent. This capital injection comes from two key players in African development financing. The Fund for Export Development in Africa (FEDA), a subsidiary of Afreximbank, invested $300 million, securing a significant stake in ARISE IIP. Africa Finance Corporation (AFC) complemented this funding with an additional $143 million. Gagan Gupta, founder and CEO of ARISE IIP, hailed this partnership as…

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CETUD and the International Finance Corporation Partner to Improve Urban Mobility in Senegal

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On Friday, September 27, 2024, the Executive Council for Sustainable Urban Transport (CETUD) signed a framework agreement with the International Finance Corporation (IFC), a subsidiary of the World Bank Group, aimed at improving urban mobility in Senegal. The goal of this partnership is to provide a sustainable approach to modernizing urban transport while reducing CO2 emissions and related pollution. This transport program will focus on collective, active, and multimodal mobility, prioritizing low-carbon urban transport solutions. The objective is to build sustainable and environmentally friendly infrastructure that meets the growing mobility…

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