Business

African Wealth Funds Experience Boon After Investing Locally
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During this pandemic, sovereign wealth funds in Africa that have focused on their local economies have yielded high returns.

[Company Spotlight] COSTLAB, Rwanda
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Operating throughout the East Africa region, COSTLAB is a leading expert in the construction industry when it comes to cost management.

Investors Express Interest in Ghana’s Airport City II Project
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Local and foreign investors are reported to have expressed interest in participating in the project within the Kotoka International Airport (…

FBW Group completes Kenya Coca-Cola project
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FBW Group’s growing engineering division has completed its latest East African project for Coca-Cola Beverages Africa (CCBA), the continent’s…

Nigeria FG Grants NLNG N20bn Tax Waiver for Bodo Bonny Bridge Construction
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Nigeria's Federal Government has granted the NLNG Company N20 billion (approx. US$49 million) tax waiver for the Bodo-Bonny road and bridge…

Mozambique: Agility Logistics Park Opens New Park in Maputo
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The leading logistics and warehouse provider has opened its new 290,000m2 Agility park in Maputo, Mozambique.

Marriott Hotels Debuts in Nigeria With Opening of Lagos Marriott Hotel
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Marriott Hotels has announced its debut in Nigeria with the opening of its highly anticipated Lagos Marriott Hotel Ikeja. 

DP World set to commence development of Port in Democratic Republic of Congo
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Dubai's DP World is set to start the development of a deep sea port at Banana in Democratic Republic of the Congo (DRC).

DP World to invest US$1bn in Infrastructure on Ethiopian side of Berbera Corridor
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Dubai's DP World and Ethiopia's Ministry of Transport have signed an agreement to develop the Ethiopian side of the road linking…

African Development Bank (AfDB) debars Nigerian Contracting Firm
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The African Development Bank Group, on 28 April 2021, announced the 36-month debarment of Maxicare Company (Nigeria) Limited with effect…