ExxonMobil earmarks $90M for seismic exploration in Egypt
ExxonMobil has allocated $90 million for seismic exploration in Egypt, focusing on a 15 km area within its concession north of Marakia in the Western […]
Finance
Kenya Revives Controversial Tax Plans, Sparking Fears of Unrest
Kenya is set to reintroduce a modified version of its controversial eco-levy tax, potentially reigniting tensions that led to widespread protests earlier this year. The […]
Bank of Mozambique Revokes Penalties for Non-Compliance with Reserve Requirements
The Bank of Mozambique (BdM) has revoked the penalty that led to the blocking of accounts for financial institutions that incurred a deficit in the […]
Nigeria: Education Loan Fund for public universities’ students
Nigeria’s President Bola Tinubu launched on August 14 the Nigerian Education Loan Fund, emphasizing the importance of education in the fight against poverty and in […]
Angola launches $500 million-National Employment Fund
The Angolan government on Tuesday August 6 launched the Angolan National Employment Fund (FUNEA), worth $500 million (€462 million), to create and support public and […]
Kenya: Appeals Court Strikes Down 2023 Finance Act, Challenging Ruto’s Economic Agenda
In a significant legal setback for President William Ruto’s administration, Kenya’s Court of Appeal has declared the government’s 2023 finance law unconstitutional. This ruling comes […]
Ethiopia Secures Crucial IMF Funding Amid Economic Reforms
Ethiopia has taken a significant step towards economic stability by reaching an agreement with the International Monetary Fund for a $3.4 billion financing program. This […]
AfDB grants $260 million loan to strengthen agricultural sector in DRC
The Board of Directors of the African Development Bank Group approved a loan of $260.4 million to the Democratic Republic of Congo (DRC) to help […]
Casablanca Finance City increases focus on African business growth
Morocco is positioning itself as a prime destination for investors, thanks to a robust legal and financial framework, according to Abdelghani Lakhdar, Secretary General of […]
IsDB to Fund 145 km Road Project in Cameroon, Boosting Regional Connectivity
A delegation of the Islamic Development Bank (IsDB) is currently visiting Cameroon to advance plans for financing the construction of a 145-kilometer section of the […]