The Tanzanian government has signed a facility agreement with Standard Chartered for a US$1.46bn term loan to fund part of the construction of the country’s latest mega-project, the Standard Gauge Railway (SGR). The deal, which the country’s ministry of finance says is the largest foreign currency financing it has raised
AfricaPLC | News Contributor
Oil-dependent Nigeria “undermined” by financing concerns
Nigeria’s efforts to diversify its economy and reduce dependency on oil exports are being held back by long-standing difficulties in obtaining financing, according to a central bank official. Despite concerns Nigeria’s oil reserves will run out within decades, and against a backdrop of international pressure to cut carbon emissions and
Protectionism mars progress on Africa-wide free trade area
Growing protectionism and nationalism are identified as the greatest risk to the African Union’s prospective continent-wide free trade area, with negotiators facing an uphill struggle to meet July’s target for becoming operational. The establishment of the African Continental Free Trade Area (AfCFTA) – an ambitious attempt to bring together 54 countries with
A new hospital for the healthy
Most hospitals in Kenya treat the sick. However, two doctors have set up a clinic for healthy families looking to undergo regular medical check-ups to catch diseases early or just to learn how to be in good shape. Family medicine specialists Dr Hans-Ake Soderberg and Dr Abdullahi Omar who opened
Made In Rwanda Mosquito Nets Ready, Import Bill Slashed By 50%
Rwanda will this month start distributing its own home made mosquito nets as part of the strategy to cut on imports and eliminate malaria cases to zero by the year 2030. With local production in place, Rwanda will cut its import bill mosquito bed nets by 50%. Out of the
Oxipit Partners with HealthCare Konnect to Bring AI Diagnostics to Africa
January 22, 2020 — Medical imaging technology company Oxipit announced partnership with Swiss medical distribution company Healthcare Konnect to bring ChestEye AI imaging suite to healthcare institutions in Nigeria. The partnership aims to introduce vanguard AI diagnostic capabilities and improve detection of 75 pathologies, including tuberculosis, to one of the largest markets in Africa. With over 200 million,
UK investors take aim at African trade finance gap
CDC Group is expanding its trade finance offerings in Africa, lending US$100mn to South African bank Absa and establishing a US$75mn risk-sharing facility with the Eastern and Southern African Trade and Development Bank (TDB). London-headquartered CDC, the UK’s development finance institution, says the two agreements are aimed at tackling the
