NollywoodWeek film festival goes global as 8th Edition ropes in African Diaspora
NollywoodWeek film festival, the first and only Nigerian film festival organised in Paris has taken its 8th edition online. The films in this year’s line-up will be available to a global online audience from May 6-9, 2021. This year’s selection has expanded beyond Nigeria to include high quality, though-provoking and...
Total’s ‘force majeure’ action on Maputo calls for dialogue, firewall against terror
We are disappointed about Total’s recent decision to declare force majeure on its Mozambique LNG Project. While the African Energy Chamber stands in solidarity with Mozambique and Total all energy investors, we believe the declaration of force majeure could have been prevented and comes prematurely. We encourage all parties involved...
Mauritius Commercial Bank to loan Senegal $60 million for power generation
Mauritius Commercial Bank Ltd (MCB) will support Senegal’s efforts to improve its electricity supply with a $60 million facility in a syndicated project that cost $140 million to complete MCB is not only a co-mandated lead arranger but has also provided the highest loan commitment. The project finance facility will...
Basketball Africa League unveils game ball ahead of historic inaugural season
The Basketball Africa League and Wilson Sporting Goods Company (Wilson) today unveiled the Official Game Ball that will be used for the BAL’s historic inaugural season, which will tip off Sunday, May 16 at the Kigali Arena in Rwanda. Twelve teams from across Africa will compete in the new professional...
Coronavirus: Trade in Africa recorded $5B financial outflow in first quarter of 2020
Despite tough global financial situation triggered by Covid-19 pandemic, there was massive portfolio outflows from Africa estimated to be above $5 billion in the first quarter of 2020. A new continent-wide survey on trade finance shows that over $3.1 billion left the South African market alone. South Africa is the...
Kenya’s President Kenyatta commissions new Equity-BCDC bank in Kinshasa
President of Kenya Uhuru Kenyatta on Wednesday commissioned the new Equity-BCDC in the Democratic Republic of Congo (DRC), a subsidiary of Kenya’s Equity Group Holdings Plc. President Kenyatta also toured the bank’s headquarters at the towering 18-floor Equity Centre in Kinshasa, which will also serve as the head office for...
Forest fires burn down historic South African library and plant collection
Forest fires raging in South Africa’s Table Mountain National Park have reached the University of Cape Town (UCT) and gutted the reading room of its main library, which houses irreplaceable documents and records from the country’s past. Amid apocalyptic scenes on April 18, fire tore through part of the 200-year-old...
Oil pipeline: Uganda, Tanzania have new policies to protect national interests
Facts and truth can be stubborn for those who believe foreign aid, begging and immigration to Europe should be the only way out for African youth. Of course, these jobs won’t all last forever. Many of them will involve construction or related activities, and these will naturally come to an...
Greenpeace, Western anti-Africa energy groups wrong on EA crude oil pipeline
If someone were to put me on the spot and ask me to name an environmentalist group, I’d probably blurt out the first thing that comes to mind, Greenpeace. There are obvious reasons for this: Greenpeace has been around for more than 50 years, and it has done a masterful...
Is British supermodel Naomi Campbell preparing to resettle in Kenya?
Away from the madding bigotry in what should be their native countries, Black people in diaspora are gradually but determinedly retracing their ancestors’ footsteps back to Africa. In the words of African-America film actress Mia Speight, there is a growing desire to live among people who look like them. Is...
