Business

Artisanal and Small-Scale Miners are the people who actually keep extractive industries in Africa booming, yet they are always downplayed and underrated

This is due to the fact that the Nigerian tycoon is seriously planning to make a big splash into the East African Tourism sector, but through the already established entities. The older the better.

The exchange spotlighted the African Development Bank’s Transition Support Facility (TSF), which committed more than USD 610 million to projects in fragile contexts in 2024.

Referencing Guyana’s path to production, where over 13 billion barrels have been discovered and output is expected to reach one million barrels per day by 2026,

The event brings together Ministers of Housing and Finance from member States, shareholders, central banks, mayors, private developers, investors, and development finance partners to explore ways of transforming the promise of urban Africa…

And this is despite the fact that all drivers that were taken to Qatar had qualified with flying colors at the National Institute of Transportation (NIT) training center in Dar-es-salaam, with additional brush-up courses.

Recognizing Lobatse Clay Works’ potential, the African Development Bank provided a loan facility, in partnership with the Botswana Development Corporation to turn around the company’s fortunes

The partnership is also designed to improve access to finance for SMEs, which are vital contributors to job creation and economic growth as well as strengthen capacity building and legal and regulatory framework

The Committee noted the strong growth outlook for the EAC economies, with real GDP projected at 5.8 percent in 2025, which is higher than the projected growth globally and in Sub-Saharan Africa.

The discovery comes just days after reports surfaced that Somalia had granted Turkey a highly favorable profit-sharing agreement, giving Ankara a 90 percent stake in revenues from offshore oil production.