Egypt’s EFG Hermes named top frontier markets brokerage firm

EFG Hermes

Egyptian investment bank, EFG Hermes has been named top frontier markets brokerage firm in the Extel Survey 2018. The investment and market analysis firm operating in Middle East and North Africa (MENA) region advanced from 9th position last year to rank number one for the first time in 2018. Ali Khalpey, the London-based chief executive […]

World Bank approves $125m for Morocco’s solar tech financing

The World Bank announced Tuesday a US$125 million in additional support for Morocco’s adoption of innovative solar technology, as part of the national goal of developing the country’s world-class solar and wind energy resources to reduce the dependence on fossil fuels and move toward a green energy future. The additional financing for the projects, which […]

Nigeria, Morocco sign agreement on regional gas pipeline to reduce flaring

Nigeria and the Kingdom of Morocco Monday signed a regional gas pipeline agreement, which would see to the former providing gas to countries in West Africa sub-region, Morocco and Europe thereby reduce the problem of gas flaring. The Nigeria Morocco Gas Pipeline, designed to be 5,660km long, would also encourage diversification of energy resources in […]

MTN, Vodacom express interest in Ethiopia’s liberalized economy

South Africa’s MTN Group and Vodacom Group have expressed interest in the Ethiopian market, following the announcement by the East African nation that it would partially liberalise its economy. Ethiopia said on Tuesday it would open its state-run telecoms monopoly and state-owned Ethiopian Airlines to private domestic and foreign investment, a major policy shift that […]

AfDB supports mortgage finance in Ghana with $15 million loan

In a bid to enhance its mortgage loan portfolio and help develop an effective affordable mortgage finance sector in Ghana, the African Development Bank (ADB) has approved a US $15-million senior loan to GHL Bank Plc. According to a statement from the development bank, the loan will enable Ghana’s lower-middle and middle-income earners to now […]

South Africa needs reform state-owned enterprises to boost growth

Cyril Ramaphosa, South African President said the country needs to take extraordinary measures to boost growth following years of stagnation in Africa’s most industrialized economy, and that his administration is taking immediate action to stamp out graft at state companies. The president has been spearheading a drive to attract $100 billion in new investment over […]

S.Africa to open bidding round for green energy contracts in November

South Africa’s next round of bids for renewable energy agreements with independent power producers will begin in November and could unlock investment worth up to 50 billion rand ($3.95 billion), the energy minister said on Friday. Renewable energy contracts worth 56 billion rand were signed in April, the first major investment deal under President Cyril […]