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Week commencing 24 June
US-based conglomerate General Electric and Chinese power company Power Construction have been contracted to build a $4bn hydropower project on the Zambian and Zimbabwean border. The cost includes amounts for civil works, construction and power turbines.
Bloomberg 20 June
Kenyan national bank Equity Bank has set up a commercial office in Addis Ababa following its entry into Zambia and Mozambique. The expansion comes after a preliminary agreement with Atlas Mara for controlling equity stakes in four banks operating in Rwanda, Tanzania, Zambia and Mozambique.
New Times 18 June
British oil company Exol Lubricants Morocco has placed a bid to acquire SAMIR, the bankrupt Moroccan oil refinery that is suddenly finding suitors again. Other contenders include Swiss-British mining company Glencore and Swiss commodity company Trafigura.
Morocco World News 13 June
Morocco and France have signed two deals to boost co-operation on civil aviation-related technical assistance and quality management. The deals entail aviation security, with the two countries agreeing to upgrade technical cooperation in air security, air management, quality and air safety-related services.
Morocco World News 19 June
The African Development Bank alongside donor partners has launched the Africa Digital Financial Inclusion Facility, a financing facility designed to accelerate digital financial inclusion across Africa. The facility has received committed funding of $40m from three initial donors: the Bill and Melinda Gates Foundation, the Government of Luxembourg and the French Development Agency.
Africa Global Funds 13 June