Ethiopia inks $1 bln World Bank deal to support reforms
The new reformist Prime Minister of Ethiopia Ahmed Abiy has secured a $1 billion deal from the World Bank to continue the ongoing reforms in […]
Finance
Ghana’s central bank merges five ailing banks
The Bank of Ghana (BoG) on Wednesday announced that it has revoked the licenses of five banks and put them together as Consolidated Bank Ghana […]
EU Announces New €2 Million Assistance for Refugees, Host Communities in Uganda
The European Union’s Civil Protection and Humanitarian Aid Operations department (ECHO) confirmed last week fresh funding worth €2 million to the International Organization for Migration […]
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. […]
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 […]