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. […]
Finance
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 […]
IMF cuts Ghana’s 2018 GDP growth to 6.3%
The International Monetary Fund (IMF) has revised downwards its earlier 6.8 per cent Gross Domestic Product (GDP) projection for Ghana economy 2018 to 6.3 per […]
South Africa gets $35 bln in investment pledges to revive ailing economy
South Africa got investment commitments of $35 billion as part of plans to attract $100 billion over the next five years to revive the country’s […]