China inks 15 bln yuan currency swap agreement with Nigeria
China’s central bank on Thursday signed a three-year bilateral currency swap agreement with Nigeria. The agreement will allow the two nations to swap a total […]
Finance
Kenya’s economic growth to rebound in 2018
Kenya’s economy is expected to grow 5.8 percent this year compared with an estimated 4.8 percent in 2017, thanks to drought cut and less political […]
Billions of dollars in remittances flowed to Africa in 2017 – Report
The World Bank and other development partners have revealed that the total money transfers by African migrants to their region or country of origin surged […]
Mauritius’ SBM Bank completes acquisition of Kenya’s Chase Bank
Mauritius’ banking group SBM Holdings will inject an additional $60 million into Kenya’s Chase Bank in a month’s time, SBM Holdings Chairman Kee Chong Li […]
Congo has “met” criteria for an IMF deal
Congo Republic over the weekend said it fulfilled the criteria for a deal with the International Monetary Fund (IMF) to revamp its debt-crippled economy. The […]
AfDB to launch 12 new projects to support SMEs in 6 African countries
The African Development Bank (AfDB) will launch twelve new projects to support agribusiness SMEs in 6 African countries, The Bank said in a statement. The […]
Afreximbank to invest $25 billion to promote Intra-African trade
On the sidelines of the launch last week of the African Continental Free Trade Area, Afreximbank has pledged $25 billion over Five Years to upgrade […]
Mauritania inks nearly $17 million loan agreement with IMF
The International Monetary Fund (IMF) has concluded an agreement of $16.56 million with Mauritania as the West African nation’s economic recovery has been confirmed with […]
Mining: Zambia uncovers $8bn tax scam
Zambia’s tax agency plans to conduct audits on all mining companies in the southern African nation, running back six years after uncovering that a prominent […]
São Tomé and Príncipe gets $10 million boost from the World Bank
The World Bank will provide about $10 million to finance social projects in São Tomé and Príncipe. The projects will help the West African archipelago […]