Russian bank ‘mistakenly’ grants $12bn loans to CAR
Vneshtorgbank, Russian Foreign Trade Bank, mistakenly assigned a $12 billion loan to the Central African Republic. The loan was mentioned in a quarterly VTB financial […]
Finance
Tunisia to receive $500 million Saudi loan
Saudi Arabia will give Tunisia a $500 million loan at a favorable interest rate, Reuters reported on Wednesday. According to Nourredine Ben Ticha, an advisor […]
Africa Day: EIB releases a new study on banking in Africa
The European Investment Bank has released its new study on banking in Africa. The report tittle “Banking in Africa: Delivering on Financial Inclusion, Supporting Financial […]
WAMU: Three Moroccan banks in the top 5
Three Moroccan banks have positioned themselves in the top 5 banking groups in the West African Monetary Union (WAMU), Ecofin news Agency reported. These are […]
AfDB marks Toilet Day with $500 million commitment to new sanitation funding
As the African Development Bank joined the international community to observe World Toilet Day on November 19, the organization is putting considerable financial muscle into […]
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. […]
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 […]