Dubai-Based Solar Developer Yellow Door Energy Raises $65m For C&I Solar In Middle East And Africa

Yellow Door Energy has raised a $65 million Series A to invest an expansion effort in the Middle East. It is one of the largest commercial and industrial-scale solar developers in a region inked more by massive utility-scale development..... Read more »

Posted on : 2/3/2019

Italy extends financial aid for Ethiopia - Eritrea railway project

The Government of Italy has promised to finance a feasibility study for the planned construction of a rail line linking the Ethiopian capital Addis Ababa and the Eritrean port city of Massawa..... Read more »

Posted on : 1/28/2019

Ethiopia and Dubai firm sign MoU to outset the study of power link

To commence a practicable study of power link between the country and Gulf countries, Ethiopia’s Ministry of Water, Irrigation and Electricity has signed a MoU with the Gulf Electricity Interconnection Authority..... Read more »

Posted on : 1/26/2019

Abu Dhabi Fund for Development (ADFD) gets Mauritius solar PV project

Abu Dhabi Fund for Development (ADFD), a leading national entity for international development aid & the Government of Mauritius, has signed a $10-million concessionary loan agreement to fund a solar PV kits project..... Read more »

Posted on : 1/26/2019

Dubai rapidly emerging as the global investment hub in Africa

The leading trading partner of Africa in the GCC which is UAE, could be set to benefit from a surge in the growth of gross domestic product (GDP) across the African continent in the forthcoming years.Africa's GDP will grow 2.6 percent this year, however is relied upon to increment and a few specialists figure it could surpass China in future..... Read more »

Posted on : 1/25/2019

Ethiopia and the Kingdom of Saudi Arabia agreed to improve bilateral economic and investment ties

A announcement from the workplace of the advocate of the Ministry of Foreign Affairs disclosed that the delegates delineated from the 2 countries have united to spice up their economic and investment relations. Ethiopia and also the Kingdom of Asian country (KSA) united to spice up bilateral economic and investment ties..... Read more »

Posted on : 1/22/2019

Greenply invests 11 million pounds in Africa's timber unit.

A leading company in the organised plywood industry Greenply Industries Ltd., has made an initial investment of €11 million (around ₹941 million) in a manufacturing unit in Gabon in West Africa..... Read more »

Posted on : 1/15/2019

$2.4tn worth Expo 2020 Dubai construction projects to drive demand for wood industry

The wood industry in the UAE is expected to boom over the next two years as the country ramps up construction activities ahead of the Expo 2020 Dubai. The wood and woodworking machinery industry will be impacted from themassive construction projects being executed as part of the build-up for the Expo 2020 Dubai..... Read more »

Posted on : 1/14/2019

Canadian Lucara Diamond fixates on African mine in 2019

On Tuesday Canada’s Lucara Diamond, the company that hit the jackpot in 2016 after finding the world’s second-largest diamond, said its priority this year will be the completion of a feasibility study into life-of-mine expansion and potential underground production for its Karowe project, in Botswana.... Read more »

Posted on : 1/9/2019

L&T wins $292mn worth of power contracts in GCC and Asia

The contracts have been awarded to Indian E&C firm for construction of substations.India’s engineering and construction firm, Larsen & Turbo (L&T) has announced that the company has secured $292 million worth of engineering, procurement and construction (EPC) orders from GCC and South East Asian countries. .... Read more »

Posted on : 1/4/2019