African Development Bank outlook stable – Fitch Affirms
Fitch Ratings has confirmed the African Development Bank’s (AfDB’s) Issuer Default Rating (IDR) rating, keeping it at “AAA” with a stable outlook. AfDB enjoys strong […]
Finance
Benin: China offers $89m to improve drinking water supply
The Chinese government has granted $89 million to the government of Benin for the supply of drinking water in the central region of the country, […]
WB loans to Guinea to amount to $574 Million in 2017
World Bank Vice-President for Africa Makhtar Diop, who has just paid a visit to Conakry July 15-17, confirmed that Guinea will receive $574 million loan […]
Morocco’s BCP Group Teams up with IFC to Boost Economic Development in Sub-Saharan Africa
Morocco’s Banque centrale populaire group (BCP) and the International Finance Corporation (IFC) signed in Casablanca, last week, a Memorandum of Understanding (MOU) to consolidate their […]
AfDB, IsDB to Inject $2 billion in Africa
The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have agreed to jointly pull together the sum of $2 billion over the next […]
Mali: economy to post 5.3% growth in 2017
Malian economy is expected to grow by 5.3% this year and 5% the following year, the International Monetary Fund reported. These performances will be driven […]
US congress to okay $525 million deal with Côte d’Ivoire
The United States’ sponsored program, the Millennium Challenge Corporation (MCC), on Thursday submitted to the US Congress “for examination and consideration,” a budget proposal for […]
Electricity: Cameroon and Deutsche Bank ink FCFA 30 billion deal
Cameroon has signed three credit agreements valued at FCFA 30.18 billion to boost electricity transmission networks in the country’s capital, Yaoundé, local media reported. The […]
AU secures $150 mln to boost Africa’s geothermal energy
The African Union has mobilized about $150 million in geothermal energy development in East Africa, Chinese News Agency Xinhua reported. According to Rashid Ali Abdallah, […]
IMF approves $666 mln loan for Cameroon
The International Monetary Fund executive board on Monday approved a $666 million, three-year extended credit facility for Cameroon to support economic and financial reforms in […]