Nigeria to fund budget deficit with foreign loans, Eurobonds
Nigeria will raise $3.5 billion in foreign loans including from international lenders and debt markets to fund the West African nation’s 2017 budget deficit, Reuters […]
Finance
Gambia gets $500 mln from Afreximbank
The African Export Import Bank (Afreximbank) on Tuesday announced the disbursement of $500 million to revamp the impoverished Gambian economy. This financial support will allow […]
AfDB releases $750 million loan to support Namibia
African Development Bank on Friday released $750 million loan to finance budget deficit and infrastructure projects in Namibia, Finance Minister Calle Schlettwein said. According to […]
IMF team to visit DR Congo as economic crisis deepens
International Monetary Fund Managing Director, Christine Lagarde on Thursday proposed a visit of IMF officials in Democratic Republic of Congo to check the state of […]
Sweden grants $1.35 million to Zimbabwe, warns to track funds
Swedish government on Wednesday offered a $1.35 million grant to Zimbabwe, to help the drought-hit Southern African nation to boost its Culture Fund. Addressing government […]
Nigeria’s anti-graft watchdog recovers $53.6m in Q1 2017
The Nigerian anti-graft Watchdog, the Economic and Financial Crimes Commission (EFCC) on Sunday said it has recovered over $53.6 million in the last four months. […]
World Bank trims Sub-Saharan Africa growth projection
The World Bank cut its growth projection for sub-Saharan Africa this year after a tumultuous period in 2016. According to the bank, Sub-Saharan Africa is […]
Ivory Coast to reduce 2017 Budget on low cocoa prices
Ivorian President Alassane Ouattara on Wednesday announced plans to cut the 2017 budget of the west-African nation by 10 percent due to a sharp drop […]
Algeria’s Foreign Exchange Reserves fall to $109 bln in February 2017
Algeria is on course of depleting its coffers as its foreign exchange reserves continue to dwindle to stand at $109 billion dollars at the end […]
Rwanda launches ‘TecHouse’ to drive its financial innovation agenda
Bank of Kigali Limited, Rwanda’s largest commercial lender, has launched ‘BkTecHouse’, a new technology company that will provide IT solutions in banking, education, agriculture and […]