Energy data firm TGS has been awarded a critical 55-day marine streamer acquisition contract in the Africa and Middle East region, deploying its high-capacity 3D Ramform vessel to support upstream oil and gas exploration starting September 2026.
The National Climate Fund and the Ministry of Energy and Water Resources have officially approved the USD 232 million Somalia Water Investment Programme alongside a targeted USD 25.8 million urban rainwater harvesting project to mitigate acute regional drought cycles.
2 days ago • Somalia
The European Union Capacity Building Mission in Somalia has launched a high-value public procurement round for comprehensive regional protection. The international tender seeks to establish a 48-months framework contract for security services in Somalia.
2 days ago • Somalia
Morocco's state-backed developer, Al Omrane Group, has launched an infrastructure procurement round valued at an estimated MAD 300 million. The contract seeks specialized architectural design and project supervision for the construction of Part 1 of the Rania operation in Tamesna.
3 days ago • Morocco
ASEC Cement has entered a five-year transportation agreement worth EGP 110 million with OSTOOL Transport to distribute bagged and bulk cement across Egypt. The partnership is designed to streamline logistics operations, strengthen supply chain efficiency, and support rising demand from the country's construction sector.
3 days ago • Egypt
Technip Energies, collaborating with JGC and Samsung Heavy Industries, has secured a major offshore engineering contract from Mozambique Rovuma Venture. The agreement covers the construction and commissioning of the Coral Norte Floating Liquefied Natural Gas facility.
4 days ago • Mozambique
Africa Finance Corporation has completed a USD 2 billion syndicated loan, exceeding its initial target amid strong participation from lenders across Asia Pacific, Europe, the Middle East and Africa. The financing strengthens AFC’s capacity to fund large-scale infrastructure and industrial projects across the continent.
7 days ago • Africa;Europe;Middle East;Asia Pacific
South Africa has obtained its first loan from the OPEC Fund for International Development, securing USD 150 million to support policy reforms in energy and freight transport. The financing is intended to strengthen infrastructure performance, improve energy reliability, and advance the country’s low-carbon economic transition.
7 days ago • South Africa
The Global Environment Facility has cleared a USD 77.6 million funding package, delivered with UNDP support, to scale climate and biodiversity projects across Africa, Asia-Pacific, and Central Asia. The initiative is expected to mobilize over USD 400 million in co-financing for nature-based solutions and resilience programs in vulnerable economies.
7 days ago • Central Asia;Asia Pacific;Africa
The African Telecommunications Union and The Metaverse Institute have signed a memorandum of understanding to develop a comprehensive governance and adoption framework for the metaverse across 52 member states, aiming to accelerate digital transformation and build virtual economy infrastructure.
1 week ago • Kenya
Electric mobility platform Spiro has closed a $215 million equity round from European and African institutional investors. The funding will expand its battery-swapping network and industrial footprint across seven African markets, positioning the company as a key enabler of the continent’s energy transition.
1 week ago • Benin;Cameroon;Kenya;Nigeria;Rwanda;Togo;Uganda
State Informatics Limited and Mauritius Telecom held a technical coordination session in Ebene to align priorities under a recent MoU, aiming to co-develop digital solutions for local and regional markets. The partnership targets public sector bodies, private enterprises, and SMEs, with a stated emphasis on extending services into continental Africa.
1 week ago • Mauritius
The Mozambique Supervisory Institute of Insurance has announced a major public tender valued at 7.5 billion MZN. The administrative procurement focuses on the acquisition of computer equipment and subsequent computer equipment maintenance services.
1 week ago • Mozambique
The World Bank approved a $500 million project to rehabilitate over 1,000 km of rural roads in Ghana, aiming to cut post-harvest losses, improve food supply chains, and create 25,000 short-term jobs. The five-year initiative covers nine regions producing maize, rice, yam, and cassava.
2 weeks ago • Ghana
The African Development Fund (ADF) approved a $59.78 million loan to rehabilitate 78.8 km of the Kara-Kabou road linking Benin and Togo. Co-financed with IsDB and WAEMU, the project aims to cut transport costs, reduce trade barriers, and support vulnerable groups, especially women in cross-border commerce.
2 weeks ago • Benin;TogoRTX is injecting $100 million into its Rhode Island operations to scale production of Patriot missile components and accelerate testing for the Lower Tier Air and Missile Defense Sensor. This strategic expansion aims to fulfill escalating international defense contracts and counter advanced aerial threats.
The Indian government has granted administrative and technical clearance for the initial phase of the Kollam-Theni National Highway expansion. Valued at ₹16.63 billion, the 24-month project will widen a crucial 54.37-kilometer corridor to four lanes using the Engineering, Procurement, and Construction framework.
The European Commission has approved a €25 million Spanish state aid program to subsidize diesel costs for the commercial fishing sector. Running until late 2026, the initiative aims to stabilize primary seafood production margins against elevated energy expenses driven by geopolitical disruptions in the Middle East.
Healthcare Holding Schweiz AG has finalized the acquisition of Schindellegi-based Compet Medical AG, an established distributor of harm reduction and low-threshold clinical supplies. The transaction expands the purchasing entity's logistics network across Switzerland, Germany, and Austria.