WAMU: Three Moroccan banks in the top 5
Three Moroccan banks have positioned themselves in the top 5 banking groups in the West African Monetary Union (WAMU), Ecofin news Agency reported. These are […]
Finance
AfDB marks Toilet Day with $500 million commitment to new sanitation funding
As the African Development Bank joined the international community to observe World Toilet Day on November 19, the organization is putting considerable financial muscle into […]
Kenya gets new €235 million loans to complete Thwake dam
The African Development Bank (AfDB) has approved two loans worth €235.763 million for the completion of a dam on Thwake River in southern Kenya. […]
World Bank Supports Efforts to Upgrade Djibouti Slums
The World Bank Friday approved an International Development Association (IDA) package of $20 million to support Djibouti’s efforts to improve the living conditions for residents […]
Kenya to raise $2.8 bln from Eurobond, loans
Kenya is looking forward to raise $2.8 billion from Eurobonds in the coming months. This will be Kenya’s third Eurobond quest since 2014. The country […]
Ethiopia gets $1.2 bln loans, grants from World Bank
The World Bank has approved $1.2 billion in grants and loans to Ethiopia, the Washington-based lender said in a statement. According to the bank, the […]
Nigeria: Controversy over a video of Kano governor ‘collecting $5m bribe’
Kano state governor, Abdullahi Umar Ganduje, is the subject of a parliamentary probe following reports alleging he had received from contractors bribes amounting to $5 […]
Oragroup seeks $100 million for expansion plan in 12 countries
The pan-African banking group Oragroup is planning to raise $100 million in the biggest initial public offering for West Africa’s regional stock exchange located in […]
Zimbabwe to clear World Bank, AfDB arrears in 12 months
Zimbabwe said over the weekend it aims to clear its $2 billion arrears with the World Bank and African Development Bank in the next 12 […]
EU to provide €100 million to Somalia
The EU and Somalia signed Sunday (Oct. 14) an agreement to provide €100 million to the Somali budget over the next two and a half […]