Tanzania fines five banks for breaching anti-money laundering rule
Tanzania’s central bank has fined five commercial banks for breaching anti-money laundering rule. According to local media, the move aims at tightening regulation in the […]
Finance
Tanzania: World Bank lifts aid embargo, approves new loan
The World Bank has approved a $450 million loan to Tanzania, the bank said on Friday. The move comes a year after the Bretton-wood institution […]
TICAD7: Angola negotiates $400 million funding from Japan
Angola is negotiating $400 million in funding from Japan and a related MoU was signed Wednesday in Yokohama between the two countries on the sidelines […]
Nigeria: Buhari appoints cabinet amid dwindling revenues
Nigeria’s President Muhammadu Buhari swore members of his cabinet into office on Wednesday with Zainab Ahmed returning to the Finance Ministry and newcomer Timipre Sylva […]
Angola to privatize 86% of its public companies by 2022
The Angolan government plans to privatize 86% of its public companies by 2022. According to Macauhub news agency, citing Vera Daves de Sousa, Secretary […]
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 […]
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, […]