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Finance

Botswana: World Bank backs $ 145.5 mln water projects

May 19, 2017 Pawla Nibramich 0

The World Bank has approved $145.5 million loan to Botswana for water projects in the southern African nation, Kenneth Matambo, Minister of Finance, said. According […]

Angola’s inflation slows to 34.8 percent

May 17, 2017 Steven Addamah 0

Angola’s inflation slowed to 34.8 percent year-on-year in April, data from the national statistics agency’s website show on Wednesday. According to the Agency, price in […]

Nigeria to fund budget deficit with foreign loans, Eurobonds

May 17, 2017 Khalid Al Mouahidi 0

Nigeria will raise $3.5 billion in foreign loans including from international lenders and debt markets to fund the West African nation’s 2017 budget deficit, Reuters […]

Gambia gets $500 mln from Afreximbank

May 17, 2017 Geraldine Boechat 0

The African Export Import Bank (Afreximbank) on Tuesday announced the disbursement of $500 million to revamp the impoverished Gambian economy. This financial support will allow […]

AfDB releases $750 million loan to support Namibia

May 12, 2017 Steven Addamah 0

African Development Bank on Friday released $750 million loan to finance budget deficit and infrastructure projects in Namibia, Finance Minister Calle Schlettwein said. According to […]

IMF team to visit DR Congo as economic crisis deepens

May 12, 2017 Geraldine Boechat 0

International Monetary Fund Managing Director, Christine Lagarde on Thursday proposed a visit of IMF officials in Democratic Republic of Congo to check the state of […]

Sweden grants $1.35 million to Zimbabwe, warns to track funds

May 11, 2017 Khalid Al Mouahidi 0

Swedish government on Wednesday offered a $1.35 million grant to Zimbabwe, to help the drought-hit Southern African nation to boost its Culture Fund. Addressing government […]

Nigeria’s anti-graft watchdog recovers $53.6m in Q1 2017

April 24, 2017 Khalid Al Mouahidi 0

The Nigerian anti-graft Watchdog, the Economic and Financial Crimes Commission (EFCC) on Sunday said it has recovered over $53.6 million in the last four months. […]

World Bank trims Sub-Saharan Africa growth projection

April 21, 2017 Khalid Al Mouahidi 0

The World Bank cut its growth projection for sub-Saharan Africa this year after a tumultuous period in 2016. According to the bank, Sub-Saharan Africa is […]

Ivory Coast to reduce 2017 Budget on low cocoa prices

April 20, 2017 Khalid Al Mouahidi 0

Ivorian President Alassane Ouattara on Wednesday announced plans to cut the 2017 budget of the west-African nation by 10 percent due to a sharp drop […]

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  • El-Sisi and Lourenço Discuss African Security and Bilateral Ties at AU Summit
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