Somalia’s imports must grow by 25% – IMF
The International Monetary Fund said on Thursday that Somalia’s imports must grow by about a quarter over the next three years to support a recovering […]
Finance
Mali: Randgold Resources plans to invest more in the mining sector
Randgold Resources Ltd said on Tuesday it will take over the underground mining at the Yalea and Gara mines at the Loulo project in Mali […]
Kenyan diaspora sends home $754 million in H1
The central bank of Kenya said on Tuesday that Kenyans living abroad sent $754 million back home in remittances during the first half of this […]
West African Development Bank to raise $500m for regional integration
The West African Development Bank (BOAD) plans to raise up to $500 million from the international financial markets in the last quarter of 2015 to […]
Burkina Faso MPs agree to cut 1,200 irregular civil service salaries
The government of Burkina Faso announced Saturday it will cease paying over 1,200 civil service salaries to battle alleged payroll fraud. The government said salaries […]
Zimbambwe: China to build $1.1bn thermal power plant
Zimbambwe signed on Thursday a $1.1 billion agreement with the China State Construction Engineering Corporation (CSCEC) to build a 600-megawatt thermal power plant by 2019 […]
Zambia to issue $2 bln 10-year Eurobond
Zambian government plans to issue a 10-year Eurobond which could reach up to $2 billion to be mainly used to fund its budget deficit that […]
Ghana to issue $1.5 bln Eurobond by September
Ghana wants to issue a Eurobond of up to $1.5 billion by September for debt financing and budget support, deputy finance minister Cassiel Ato Forson […]
Côte d’Ivoire: AfDB approved $109 million loan to Sucden
The African Development Bank (AfDB) has approved a $109 million loan to Sucden’s Ivorian branch for cocoa investment, a company official said on Wednesday. “We […]
CNPC “blocks” fuel exports from Niger’s Soraz oil refinery
The National Petroleum Corporation (CNPC) has blocked fuel exports from Niger’s Soraz oil refinery, a union official said on Wednesday. Boukar Elemi, a spokesman for […]