March 14, 2017/AfDB The Chair of the Africa Progress Panel and former UN Secretary-General, Kofi Annan, and the President of the African Development Bank, Akinwumi Adesina, have called on African governments and their partners to do everything possible to close the continent’s huge energy gap. They made the call on […]
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Abu Dhabi’s Etisalat could sell Nigerian unit stake after debt deal -sources
March 13, 2017/Reuters Abu Dhabi-listed Etisalat is considering a sale of its stake in Etisalat Nigeria after the local unit defaulted on a $1.2 billion loan payment but wants the unit’s debt restructured before it starts the sale process, two sources told Reuters. Etisalat is due to meet with local […]
Tanzania gives coal mining licence to Dangote after president’s order
March 13, 2017/Reuters By Fumbuka Ng’wanakilala DAR ES SALAAM (Reuters) – Tanzania has awarded a coal mining licence to the local unit of Nigeria’s Dangote Cement as part of plans to lower the company’s production costs and ease disruptions caused by energy shortages. The cement maker suspended output in December, […]
