Electricity: Zimbabwe gets $42.5 million from Exim Bank of India
Exim Bank of India has approved $42.5 million in financing to improve electricity supply in Zimbabwe. The loan, to be repaid within 20 years, will […]
Finance
S&P upgrades Rwanda’s rating to B+ on strong economic prospects
Standard and Poor’s (S&P) Global Ratings has raised its long-term sovereign credit rating on Rwanda to ‘B+’ from ‘B’. The outlook is stable. At the […]
AfDB approves financial package for Ethiopia-Djibouti road corridor
The African Development Bank (AfDB) has approved a financial package worth over $100 million for the construction of a road transport corridor between Ethiopia and […]
Gambia issues new banknotes without Jammeh’s features
The Gambian Government has unveiled new currency notes without the features of former President Yahya Jammeh. The new notes include the 5, 10, 20, 50, […]
Gambia issues new banknotes without Jammeh’s features
The Gambian Government has unveiled new currency notes without the features of former President Yahya Jammeh. The new notes include the 5, 10, 20, 50, […]
China Yunhong Group to invest over $300 million in Burkina Faso
In Burkina Faso, Chinese industrial giant, China Yunhong Group plans to invest about 200 billion FCFA (about $336.6 million) over the next five years in […]
Ghana revises fiscal deficit, plans to upgrade cocoa roads
Ghana Finance Minister announced that the government has resumed work on cocoa roads in the west African nation. In the Mid-year Budget Review in Parliament, […]
Ebola in DRC: World Bank pledges $300 million
The World Bank Group has announced a $300 million package of grants and credits to support the fight against the deadly Ebola virus in Democratic […]
AfDB okays $8 million loans to Kenyan SMEs
In Kenya, local financial institution, Credit Bank, has received about $8 million from the African development bank (AfDB) to support lending to small and medium-sized […]
Burkina Faso: IMF approves $25 million credit facility
The Executive Board of the International Monetary Fund (IMF) last weekend completed the second review of Burkina Faso’s economic performance under a three-year program supported […]