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 […]
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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: Kaduna State Bans Shi’ite Muslim Sect
The Kaduna state government this weekend declared Shi’ite Muslim sect with at least 4 million followers unlawful in the West African nation. According to the […]
Ethiopia: Inter-Religious Council Calls for Peace
Inter-religious Council of Ethiopia has appealed for calm and a national dialogue as the country plunged into continuing protests and targeting of businesses in the […]
Trial of RFI correspondent starts again in Yaoundé
The trial of a Cameroonian journalist and RFI correspondent, Ahmed Abba began again in the Cameroonian capital Yaoundé, local media reported. The Director of the […]
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 […]
Mugabe’s Son-in-Law Appointment Sparks Outrage
The appointment of the son-in-law of Zimbabwean President Robert Mugabe as the Chief Operating Officer (COO) of ailing state airline, AirZim, reignited a national debate […]
Ethiopia Connects Djibouti with Africa’s First Electric Rail
Ethiopia on Tuesday launched a 750-km railway line linking Addis Ababa and the Red Sea state of Djibouti. The new line was built at a […]
Ethiopia: Stampede Kills Dozens as Police Fires Teargas
Several people have been reportedly killed and many injured this weekend during a stampede as police dispersed a crowd at an annual cultural festival of […]
OPEC Members Agree to Cut Oil Production by November
Members of the Organization of Petroleum Exporting Countries (OPEC) on Wednesday reached an agreement to limit oil production to between 32.5 and 33 million barrels […]