EU Allocates €300,000 to fund collaborative projects with angolan partners
The application period for project funding through the European Union’s Angola initiative will run from November 4, 2024, to February 7, 2025, providing Angolan and […]
Finance
Saudi Arabia to provide $41 billion in financing to sub-Saharan African countries
Saudi Arabia has committed $41 billion in financing over the next decade to support sub-Saharan African countries, with $25 billion earmarked for foreign direct investments […]
Nigerian Fintech Moniepoint Secures $110 Million Investment Led by Google
Moniepoint, a Nigerian fintech company, has raised $110 million in new funding, with Google’s Africa Investment Fund among the investors. The company, which began operations […]
Tunisia: Solidarity Bank approves over $3 million financing for 33 citizen companies
Since the initiation of the Tunisian Solidarity Program, the Tunisian Solidarity Bank has provided financing for 33 citizen companies throughout Tunisia, representing an investment of […]
Donor Countries, Organizations Pledge $1.1 Billion for Displaced People in Sahel & Lake Chad
Pledges at a donor conference held in Jeddah this weekend to support displaced people and refugees in the Sahel and Lake Chad region exceeded $1.1 […]
World Bank unveils Egypt’s 2024-2025 external debt repayment plan
On October 24, the World Bank has outlined Egypt’s external debt repayment obligations for the current fiscal year, totaling $60.8 billion scheduled between July 2024 […]
IMF sees Angola growing 2.4% and all PALOP countries record expansion this year
The International Monetary Fund (IMF) forecasts Angola’s economy to grow by 2.4% in 2024 and 2.8% in 2025, both below the regional average. According to […]
World Bank will Focus on job creation and agricultural development in Africa
The World Bank (WB) and International Monetary Fund (IMF) kicked off their annual meetings on Monday, October 21, in Washington. These week-long sessions provide an […]
IMF: Mauritania on the right track in implementing Fund reforms
The International Monetary Fund (IMF) has commended Mauritania for its effective reforms, noting improvements in public finances, monetary policy, exchange rate flexibility, and governance, all […]
AfDB, AFD strengthen partnership in favor of youth entrepreneurship
The African Development Bank (AfDB) and the French Development Agency (AFD) have strengthened their partnership to support young entrepreneurs in Africa. AfDB President Akinwumi Adesina […]