Chinese firm to build 120-MW wind farm in Ethiopia
China’s Dongfang Electric Corporation will build a 120-megawatt (MW) wind farm in Ethiopia’s Somali regional state, Chinese state-run news agency reported on Thursday. According to […]
Finance
Botswana: World Bank backs $ 145.5 mln water projects
The World Bank has approved $145.5 million loan to Botswana for water projects in the southern African nation, Kenneth Matambo, Minister of Finance, said. According […]
Angola’s inflation slows to 34.8 percent
Angola’s inflation slowed to 34.8 percent year-on-year in April, data from the national statistics agency’s website show on Wednesday. According to the Agency, price in […]
Nigeria to fund budget deficit with foreign loans, Eurobonds
Nigeria will raise $3.5 billion in foreign loans including from international lenders and debt markets to fund the West African nation’s 2017 budget deficit, Reuters […]
Gambia gets $500 mln from Afreximbank
The African Export Import Bank (Afreximbank) on Tuesday announced the disbursement of $500 million to revamp the impoverished Gambian economy. This financial support will allow […]
AfDB releases $750 million loan to support Namibia
African Development Bank on Friday released $750 million loan to finance budget deficit and infrastructure projects in Namibia, Finance Minister Calle Schlettwein said. According to […]
IMF team to visit DR Congo as economic crisis deepens
International Monetary Fund Managing Director, Christine Lagarde on Thursday proposed a visit of IMF officials in Democratic Republic of Congo to check the state of […]
Sweden grants $1.35 million to Zimbabwe, warns to track funds
Swedish government on Wednesday offered a $1.35 million grant to Zimbabwe, to help the drought-hit Southern African nation to boost its Culture Fund. Addressing government […]
Nigeria’s anti-graft watchdog recovers $53.6m in Q1 2017
The Nigerian anti-graft Watchdog, the Economic and Financial Crimes Commission (EFCC) on Sunday said it has recovered over $53.6 million in the last four months. […]
World Bank trims Sub-Saharan Africa growth projection
The World Bank cut its growth projection for sub-Saharan Africa this year after a tumultuous period in 2016. According to the bank, Sub-Saharan Africa is […]