Africa’s economy to grow despite external shocks – AfDB
Africa’s economic growth is forecast to rise to about 4% this year and next year from 3.4% in 2019, driven by infrastructure investments and natural […]
Finance
Ethiopia: New investment law to attract FDI
Ethiopia has passed a new investment law on Thursday as part of the Horn of Africa nation’s economy and drive progress toward a middle-income status. […]
Moroccan banks lower interest rates for SMEs
In implementation of King Mohammed VI’s instructions to make the banking system conducive to development, a program was unveiled by the central bank, the Ministry […]
Somalia, world’s most corrupt nation – Report
Transparency International has released its annual Corruption Perceptions Index (CPI) this week and Sub-Saharan Africa is perceived among the most corrupt regions with an average […]
IFC loans Casablanca region $100 mln to fund infrastructure projects
The International Financial Corporation, an offshoot ofthe World Bank, approved a 100 million dollar loan to the region of Casablancato build two new urban rail […]
Tanzanian: Magufuli sacks home affairs minister over fraud
Tanzanian President John Magufuli has fired his home affairs minister Kangi Lugola on Thursday, accusing him of mismanaging a $452 million fire department contract. President […]
Chad: public sector workers launch strike
The public sector in Chad has started a strike Tuesday in response to a call by the country’s trade union. Union members voted to strike […]
Angolan court orders seizure of Isabel dos Santos’ assets
A court in Angola has ordered the seizure of the assets and bank accounts of the billionaire daughter of ex-President José Eduardo dos Santos. Called […]
Uganda to borrow $1.89 billion amid looming debt crisis
Uganda said it plans to borrow about $1.89 billion from external lenders in the 2020/2021 fiscal year to partly finance its budget. According to the […]
Tanzania gets AfDB’s $55 million facility to jumpstart private sector-led economic growth
The African Development Bank has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania’s economic competitiveness and private sector participation in […]