BRICS bank Okays $600 mln loans for South Africa, China
The BRICS Development Bank has approved loans of $300 million for energy projects in South Africa and $300 million for a transportation project in China. […]
Finance
Namibia gets $218 million loan from AfDB
Namibia secured a $218 million loan from the African Development Bank, the second tranche of a quarter billion dollar facility from the Bank. The loan […]
Nigeria: Beijing-based Oil Company to invest $3 bln in oilfield operations
China National Offshore Oil Corp (CNOOC) has pledged to invest about $3billion in its existing oil and gas operations in Nigeria, the Nigerian National Petroleum […]
South Africa: Saudi Arabia pledges $10bn energy-focused investment
Saudi Arabia will invest $10 billion in South African economy in the coming years with a key focus on the energy sector, President’s Cyril Ramaphosa’s […]
Nigeria’s Parliament to probe state oil company over ‘under-remittances’
Nigerian lawmakers of the lower house on Tuesday voted a motion to investigate state oil firm over ‘insufficient’ remittances to government coffers. The move comes […]
World Bank approves $455 million loan for Tanzania power projects
The World Bank has approved a $455 million loan to Tanzania under its International Development Assistance (IDA) program to boost access to power for the […]
Libya central bank to impose fees on foreign currencies
Officials of Libya’s internationally recognized government have agreed to a three-track reform process including a proposal to impose fees on foreign currency transactions in the […]
IFC gives BOA $60M to support SMEs in 8 African countries
The International Finance Cooperation, a member of the World Bank Group, announced earlier this week a $60 million investment in a regional risk-sharing facility to […]
Burkina Faso: BOAD grants $72M for development projects
The West African Development Bank (BOAD) approved a $72 million financing to Burkina Faso for the implementation of development projects, Xinhua reported, quoting official sources. […]
Kenya proposes new corporate tax rate, highest in East Africa
Kenya’s treasury has proposed a 35 percent corporate tax for companies on annual income of more than $4.9 million, the highest corporate income tax rate […]