Ecobank Gets $310 mln Loan from AfDB
The African Development Bank (AFDB) has approved a $310 million trade finance loan for Ecobank Transnational incorporated, parent company of the Ecobank Group, Africanews reported […]
Finance
Tanzania Gets $259 mln Funding for Power Grid
The African Development Bank and the Japan International Cooperation Agency have granted $258.82 million to Tanzanian government for a high voltage electricity line to connect […]
Nigeria Forecasts Economy will Shrink 1.3% in 2016
Nigeria’s economy is likely to shrink 1.3 percent in 2016, the Head of the National Bureau of Statistics said on Wednesday. The NBS had predicted […]
Mauritius is SSA’ Most Competitive Economy – WEF
‘The Global Competitiveness Index,’ released this weekend by the World Economic Forum (WEF) shows Mauritius as sub-Saharan Africa’s most competitive economy. According to WEF, the […]
Nigeria is Africa’s Biggest Economy – AfDB Boss
The president of the African Development Bank Group (AfDB), Akinwumi Adesina said Monday during an official visit in Abuja that Nigeria is still Africa’s largest […]
Sudan: WBG Calls for ‘Diversification’ to Revive Ailing Economy
The World Bank Group (WBG) has urged the Sudanese government to accelerate macro-economic reforms and economic diversification including devaluing the Sudanese pound against the dollar, […]
Namibia’s Economic Growth Slowing – IMF
Slow budgetary consolidation efforts by authorities as well as a slowdown in the buildings and public works sector could put the brakes on Namibia’s economy, […]
EU Renews Sanctions on Burundi until Oct. 2017
The European Union (EU) has renewed its restrictive sanctions against Burundi until the end of October 2017, the bloc’s council said in a statement on […]
EU to Provide $50 billion to Combat Migration in Africa
The European Union (EU) will disburse about 50 billion dollars for Africa and the Mediterranean as part of the bloc’s investment plan aimed at helping […]
Ethiopian to Head IMF’s Africa Department
The International Monetary Fund (IMF) on Thursday appointed Ethiopian Abebe Aemro Selassie as the new head for its African department. Selassie’s appointment was announced in […]