Nigeria fines 12 banks for failing to meet loan deadline
The Central Bank of Nigeria has fined 12 commercial banks, including the local subsidiary of US Citigroup, a total of 500 billion Naira ($1.4 billion), […]
Finance
Tanzania: WB releases $4.5 million for drinking water supply to 165 villages
The World Bank has awarded a $4.5 million grant to Tanzania to build drinking water supply networks using solar off-grid systems in rural areas. Only […]
Kenya gets $100 million from IFC, Water.org
The International Finance Corporation (IFC), the World Bank’s private sector financing subsidiary, and a US non-profit development aid organization, Water.org, have recently raised $100 million […]
Netherlands donates $28 million to build more resilient food systems in Somalia, South Sudan and Sudan
The Netherlands has contributed $28 million to back FAO’s work to boost the resilience of food systems in Somalia, Sudan, and South Sudan – part […]
Ghana Stock Exchange: more than half of listed firms registered losses
In Ghana, 20 out of 35 firms listed on the Ghana Stock Exchange (GSE) have registered losses in their share values since January 1, 2019, […]
Tanzania fines five banks for breaching anti-money laundering rule
Tanzania’s central bank has fined five commercial banks for breaching anti-money laundering rule. According to local media, the move aims at tightening regulation in the […]
Tanzania: World Bank lifts aid embargo, approves new loan
The World Bank has approved a $450 million loan to Tanzania, the bank said on Friday. The move comes a year after the Bretton-wood institution […]
TICAD7: Angola negotiates $400 million funding from Japan
Angola is negotiating $400 million in funding from Japan and a related MoU was signed Wednesday in Yokohama between the two countries on the sidelines […]
Nigeria: Buhari appoints cabinet amid dwindling revenues
Nigeria’s President Muhammadu Buhari swore members of his cabinet into office on Wednesday with Zainab Ahmed returning to the Finance Ministry and newcomer Timipre Sylva […]
Angola to privatize 86% of its public companies by 2022
The Angolan government plans to privatize 86% of its public companies by 2022. According to Macauhub news agency, citing Vera Daves de Sousa, Secretary […]