Sasol and Central Energy Fund sign MoU to accelerate gas development in South Africa

SOUTH AFRICA – Sasol, an integrated energy and chemical company and the Central Energy Fund (CEF) have signed a memorandum of understanding (MoU) to collaborate on accelerating the development of gas solutions in South Africa. This agreement brings together South Africa’s two leading pioneers of the gas industry that possess deep experience in operating across the gas value chain, from exploration to downstream operations. “At the core of achieving our strategic mandate of ensuring security of supply is domestic job creation and an approach to the just energy transition that fosters increasing domestic…

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VFEX signs MoU with Dubai Exchange

ZIMBABWE – The Victoria Falls Stock Exchange (VFEX), a subsidiary of Zimbabwe Stock Exchange (ZSE), has signed a Memorandum of Understanding (MoU) with the Dubai Gold and Commodities Exchange (DGCX), the region’s leading derivatives exchange, to strengthen bilateral co-operation as well as exchange knowledge around commodities trading. As part of the agreement, the DGCX will extend technical support, knowledge and skills to VFEX with the ultimate aim of establishing an international commodities exchange in Zimbabwe, according to a ZSE statement. Additionally, VFEX will seek support from the DGCX in framing…

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Ethiopian Airlines and Boeing sign MoU to position Ethiopia as Africa’s aviation hub

ETHIOPIA – Ethiopian Airlines Group and the Boeing Company have signed a strategic Memorandum of Understanding (MoU) on positioning Ethiopia as an aviation hub for Africa. Building on the two parties’ seventy years of shared history in aviation, the MoU aims at positioning Ethiopia as Africa’s aviation hub – “Ethiopia for Africa”.    Boeing has recognized Ethiopian as a global aviation leader in the continent and the MoU is indicative of Boeing and Ethiopian Airlines interest to establish a mutually beneficial world-class aviation partnership. To realize their shared vision, Ethiopian and…

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NuRAN signs network rollout agreement with MTN in South Sudan

SOUTH SUDAN – NuRAN Wireless Inc., a leading supplier of mobile and broadband wireless infrastructure solutions, announced it has signed a Memorandum of Understanding with MTN for the deployment of rural sites under the network-as-a-service model (“NAAS”) in South Sudan for the deployment of sites through the build, own, operate, and transfer (“BOOT”) revenue share model. According to a NuRAN press release, the contract covers the deployment of sites through the build, own, operate, and transfer (BOOT) revenue share model. The companies intend to install a minimum of 250 rural…

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Eni and Kenyan government sign MoU to promote biofuels

KENYA – Oil and gas company Eni and Kenya’s Ministry of Petroleum and Mining have signed a Memorandum of Understanding (MoU) to promote the decarbonization process. The MoU will tackle climate change through new industrial models of a fully integrated circular economy along the whole biofuel production value chain. They will jointly conduct feasibility studies to develop waste and residue collection as well as agricultural projects, with the purpose of establishing a wide range of feedstock sources that do not compete with food cycles, to be transformed into biofuels and…

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Zambia signs MoU with REEEP to improve rural electrification efforts

ZAMBIA – The Rural Electrification Authority of Zambia and the Renewable Energy & Energy Efficiency Partnership have signed a Memorandum of Understanding to monitor and support the country’s electrification efforts through data collection and analysis. The MoU outlines a joint effort to leverage the Edison data platform that was originally developed to monitor and support Zambia’s broader electrification efforts with advanced data collection and analysis on behalf of the Rural Electrification Authority (REA). The move underscores both organizations’ commitment to promoting and engendering access to modern, clean energy for rural…

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AGF in pact with TADB to boost agribusiness financing in Tanzania

TANZANIA – The African Guarantee Fund for Small and Medium-sized Enterprises (AGF) and Tanzania Agricultural Development Bank (TADB) have signed a Memorandum of Understanding (MoU) that allows the bank to disburse up to US$20 million worth of loans to agribusinesses in the country. The MoU will enable the bank to guarantee SMEs in the agri-value chain in applying directly for loans at the bank. Gracing the event, the commissioner for financial sector development from Tanzania’s Ministry of Finance and Planning, Dr. Charles Mwamwaja, said the partnership was a boon to…

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AUDA-NEPAD and Ecobank Group partnership to launch financing component under the 100,000 MSMEs Initiative

AFRICA – The African Union Development Agency NEPAD (AUDA-NEPAD)) and the Ecobank Group, its strategic partner on the development of the 100,000 Micro, Small and Medium Enterprises (MSMEs) Initiative, are set to launch the financing component as from 27 May 2021.AUDA-NEPAD launched the 100,000 MSMEs Programme to accelerate African economic transformation, provide the needed skills, and build resilience against the economic shock triggered by the global Covid-19 pandemic. The ‘100 000 MSMEs’ initiative seeks to build the capacity of 1,000,000 enterprises in Africa through entrepreneurial and business training to improve access…

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Ivanhoe Mines Energy and La Société Nationale d’Electricité sign MoU to strengthen hydropower in DRC

DRC – Ivanhoe Mines Energy has signed a Memorandum of Understanding in a public-private partnership with the DRC’s state-owned power company La Société Nationale d’Electricité (SNEL) to deliver reliable, clean, and renewable hydropower to the Kamoa Mine. Ivanhoe Mine’s Co-Chairs Robert Friedland and Yufeng ‘Miles’ Sun explained that Ivanhoe Mines Energy DRC’s (which is a sister company of Kamoa Copper SA) public-private partnership with SNEL is aimed at working together to strengthen the grid’s capacity. This objective is to be met with renewable energy through the upgrade of a major…

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FAO and Arab Bank for Economic Development in Africa sign MoU to advance African agriculture

AFRICA – The United Nations Food and Agricultural Organization (FAO) and the Arab Bank for Economic Development in Africa (BADEA) have signed a memorandum of understanding for future collaboration to promote agricultural infrastructure development and skills training for women and youth. The agreement would also advance climate-smart agriculture in Africa. FAO Director-General Dr. Qu Dongyu and BADEA Director-General Sidi Ould Tah signed the agreement on 29 April in a virtual ceremony during a high-level dialogue organized by the African Development Bank and the International Fund for Agricultural Development, in partnership…

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