Zambia inks over $824 mln deal with China Railway
Zambia has signed a contract of more than $824 million with a subsidiary of China Railway Construction Corporation to upgrade a rail line, the company […]
Finance
Zambia gets $389 million grant from the US for AIDS relief
The United States will give Zambia a new one-year bilateral grant of $389 million for AIDS relief starting in October after congressional approval, Zambia’s ministry […]
EU mobilizes additional €10 million to respond to severe Desert Locust outbreak in East Africa
The European Commission announced Friday it was mobilizing an additional €10 million to respond to one of the worst Desert Locust outbreaks in decades in […]
Bill Gates donates $10m to fight locusts in East Africa
The Bill and Melinda Gates Foundation has donated $10m to help fight locusts in the East African region. The Bill & Melinda Gates Foundation […]
Africa/Football: Cairo to host CAF headquarters for another decade
The Confederation of African Football, CAF, will remain in the Egyptian capital of Cairo for 10 additional years following an agreement with the Egyptian government. […]
Oil-rich Equatorial Guinea gifts China $2m to fight coronavirus outbreak
The government Equatorial Guinea has announced that the oil-rich country is to donate $2m to aid its “sister nation” China as it battles the coronavirus […]
Africa’s economy to grow despite external shocks – AfDB
Africa’s economic growth is forecast to rise to about 4% this year and next year from 3.4% in 2019, driven by infrastructure investments and natural […]
Ethiopia: New investment law to attract FDI
Ethiopia has passed a new investment law on Thursday as part of the Horn of Africa nation’s economy and drive progress toward a middle-income status. […]
Moroccan banks lower interest rates for SMEs
In implementation of King Mohammed VI’s instructions to make the banking system conducive to development, a program was unveiled by the central bank, the Ministry […]
Somalia, world’s most corrupt nation – Report
Transparency International has released its annual Corruption Perceptions Index (CPI) this week and Sub-Saharan Africa is perceived among the most corrupt regions with an average […]