Shell plans $15 billion investments in Nigeria’s oil and gas development

Oil major, Shell Petroleum Development Company (SPDC) has earmarked about $15 billion for investments in Nigeria’s oil and gas industry. Th...

Blackstone Group, the World's Largest Alternative Investment Firm is Pulling out of Africa

Investment firm  Blackstone Group LP  is scaling back its bet on Africa, almost five years after it made a commitment to spend billions of d...

Germany's Volkswagen Signs Transformative Partnership Agreement With Ethiopia

Volkswagen brand continues its engagement in emerging countries in Sub-Saharan Africa. In the presence of Frank-Walter Steinmeier, President...

The Islamic Development Bank to finance $185 mln projects in Tunisia

The Islamic Development Bank has agreed on Sunday to lend Tunisia $185 million to finance developments including an electricity project, an ...

World Bank agrees US$ 600m loan, grant to Ethiopia

The World Bank on Tuesday agreed a US$600 million loan and grant to Ethiopia to finance roads and other infrastructure projects in urban ar...