Business – Page 124 – Medafrica Times

China pledges $60 billion development fund for Africa

December 4, 2015 Steven Addamah 0

Chinese President Xi Jinping, addressing African leaders in Johannesburg on Friday unveils a $60 billion fund to promote cooperation and support development efforts in Africa. […]

Nigeria cuts MTN record $5.1 billion fine

December 4, 2015 Khalid Al Mouahidi 0

The Nigerian government has agreed to reduce the hefty fine imposed on MTN following lengthy negotiations between the two parties. MTN Group Ltd. had its […]

Tunisian-German economic forum

December 4, 2015 Geraldine Boechat 0

The second edition of the Tunisian-German economic forum currently being held in the North African country to promote a successful economic co-operation is being attended […]

China to revamp S. Africa flagging economy

December 3, 2015 Khalid Al Mouahidi 0

China has signed 26 agreements worth R94 billion ($6.5 billion) with South Africa to support the country’s flagging economy, as President Xi Jinping met with […]

Egypt pays $546 million to investors, companies’ overdrafts remaining

December 2, 2015 Pawla Nibramich 0

The Egyptian central bank under the new leadership of Governor Tarek Amer stated that it had repaid foreign investors the backlog of their stock and […]

Africa is ‘tired of being in the dark’ AfDB Boss tells Paris COP21 Summit

December 2, 2015 Steven Addamah 0

President of the African Development Bank, Akinwumi Adesina, who pledged to bring electricity to the poorest parts of the continent within a decade, said on […]

Air France-KLM to make Abidjan a regional hub by 2025

December 2, 2015 Geraldine Boechat 0

Air France-KLM group on Tuesday said it expects to turn Ivory Coast’s economic capital Abidjan into its West African regional hub within a decade. “In […]

Zambia launches $2 billion hydro-power project

December 1, 2015 Steven Addamah 0

Zambia has begun the construction of what it says is a major hydro-power project aimed at boosting the country’s electricity generation capacity, Xinhua news agency […]