IMF board approves $456 million program for Mozambique
The International Monetary Fund on Tuesday granted a $456 million (€432 million) loan to Mozambique, the first since it withdrew six years ago at the […]
Finance
The World Bank wants to release $170 billion to curb the world’s crises
World Bank President David Malpass announced Monday that he is preparing a $170 billion aid package over 15 months to help countries deal with multiple […]
Beninese President Patrice Talon takes the helm of WAEMU
Patrice Talon is the new current president of the West African Economic and Monetary Union (WAEMU). The Beninese head of state was appointed by his […]
AfDB Pledges to Earmark $2.8 Billion for South Africa over Five Years
The President of the African Development Bank (AfDB) Group, Akinwumi A. Adesina, announced, Thursday in Johannesburg, 2.8 billion dollars support to South Africa over the […]
ECOWAS, AfDB Sign MoU to Support Pharmaceutical Industry
The Economic Community of West African States (ECOWAS) Commission has signed a memorandum of understanding with the African Development Bank (AfDB) on a project to […]
ECOWAS launches North Backbone electricity project
The Regional Electricity Interconnection Project called “North Backbone Project” which involves Nigeria, Niger, Burkina Faso, Benin and Togo was launched this week in Gorou Banda, […]
Morocco to adopt emergency measures to cope with the impact of drought
King Mohammed VI has ordered the Government to adopt a set of emergency measures to cope with the impact of the drought affecting farmers, the […]
Cooperation: Denmark suspends aid to Burkina Faso and Mali
Denmark announces that it will partially suspend its development aid to Burkina Faso due to the military coup and to Mali after the forced departure […]
Burundi says U.S. agrees $400 mln aid
The United States approved $400 million in aid to Burundi on Friday, Burundi’s foreign minister announced, less than three months after the lifting of U.S. […]
Angola recovers $11 billion embezzled from Public Treasury
Angola which had launched 715 prosecutions for corruption, fraud, embezzlement and other financial crimes has recovered assets worth more than $11 billion that were looted […]