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 […]
Finance
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 […]
Rwanda: Central bank predicts healthy economic growth in 2018
Rwanda’s economy will grow 6.5 percent in 2018, the central bank of the East African nation said on Tuesday. According to John Rwangombwa, governor of […]
Africa: Mauritius attracts 90% of India’s foreign direct investment
The Indian think tank group, Observer Research Foundation, in a research note published on February 21 revealed that one single country has collected 90% of […]