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 […]
Finance
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 […]
Nigeria: Buhari asks lawmakers to approve $2.79 bln Eurobond
Nigerian President Muhammadu Buhari on Tuesday asked lawmakers to approve the issuance of a $2.79 billion Eurobond. According to Buhari, the Eurobond will help Africa’s […]
Ghana, seventh wealthiest African country – AfrAsia Wealth Report 2018
Ghana is the seventh wealthiest country in Africa with a total wealth of $63 billion as of December 2017, according to AfrAsia Bank Africa Wealth […]
World Bank could suspend funding to Tanzania over new statistics law
The World Bank may suspend funding to Tanzania over a new legislation that would punish anyone who questions official statistics. According to the World Bank, […]
Liberia: Central bank makes U-turn, denies it lost $100 million
Liberia’s central bank on Tuesday said it did not lose the $104 million newly printed notes that sparked outrage and federal investigation in the West […]
IMF disburses $245m loan tranche to Tunisia
The International Monetary Fund last weekend approved the payment of a $245 million loan tranche to Tunisia as the North African nation is making urgent […]