Electricity: Cameroon and Deutsche Bank ink FCFA 30 billion deal
Cameroon has signed three credit agreements valued at FCFA 30.18 billion to boost electricity transmission networks in the country’s capital, Yaoundé, local media reported. The […]
Finance
AU secures $150 mln to boost Africa’s geothermal energy
The African Union has mobilized about $150 million in geothermal energy development in East Africa, Chinese News Agency Xinhua reported. According to Rashid Ali Abdallah, […]
IMF approves $666 mln loan for Cameroon
The International Monetary Fund executive board on Monday approved a $666 million, three-year extended credit facility for Cameroon to support economic and financial reforms in […]
Niger to raise FCFA 40 billion on UEMOA market
The government of Niger intends to raise about FCFA 40 billion on the financial market of the West African Economic and Monetary Union (UEMOA), through […]
South Africa’s recession will end soon – Jacob Zuma
Embattled South Africa’s President Jacob Zuma on Thursday said he was confident that the Southern African Biggest economy will emerge soon from its recession. South […]
Djibouti to launch digital currency
The Central Bank of Djibouti will soon launch its digital currency, the state-run television (RTD) announced. The Bank’s Governor, Ahmed Osman Ali, said the project […]
Zimbabwe issues $50mln treasury bond to finance irrigation
Zimbabwe’s government plans to issue a three-year $50 million bond to finance irrigation infrastructure in the Southern African nation, the state-run Herald newspaper reported. “The […]
Gabon: Government to create 30,000 jobs by 2019
Gabonese authorities on Monday unveiled plan to create about 30,000 jobs in various fields over the period 2017-2019 under the Economic Recovery Plan (ERP), local […]
South Africa’s April inflation falls to 5.3 percent
Consumer Price Inflation (CPI) decelerated from 6.1 percent, year-on-year in March to 5.3 percent in April, Statistics South Africa announced on Wednesday. The South African […]
Africa’s economy to grow by 3.4 % in 2017 – Report
Africa’s economy will grow by 3.4 percent in 2017, and 4.3 percent in 2018. The modest recovery from the worst performance in more than two […]