Angola issues €1.5 billion debt to secure JP Morgan loan
Angola’s Ministry of Finance has secured a $400 million loan from U.S.-based bank JP Morgan, backed by a public debt issuance of $1.5 billion as […]
loan
European Union Backs Cameroon’s Infrastructure Development with Major Loan
The European Union has committed to a €91-million-loan package to strengthen Cameroon’s infrastructure over the next three years. The agreement, announced in Yaoundé, aims to […]
World Bank Approves $2.25B Loan to Support Nigeria’s Economic Reforms Amid Hardship
The World Bank has granted Nigeria a $2.25 billion loan to bolster revenue and support economic reforms that have inadvertently contributed to the country’s worst […]
Ethiopia seeks $7bln loan from IMF, WB
Ethiopian authorities seek to borrow 3.5 billion dollars from the IMF and a similar amount from the World Bank to meet its hard currency needs, […]
Cape Verde: Central Bank warns of “high level” of non-performing loans
The Bank of Cape Verde on Monday August 21 warned of the high level of non-performing loans on the balance sheet of banking institutions in […]
External loan disbursements to Mozambique halved in March
Foreign loan disbursements to Mozambique fell to 120 million dollars (110 million euros) in the first quarter 2023, less than half compared to the same […]
Covid-19: Cape Verde spent 8.2 M Euro on response projects until November 2022
The Cape Verdean state has spent until November 901 million escudos (8.2 million euros) on projects of direct or indirect response to Covid-19, just over […]
China waived debt for 17 African countries
On the occasion of a coordination meeting on Sino-African cooperation last week, Chinese Foreign Minister Wang Yi recalled China’s commitments to the continent, and praised […]
World Bank backs Morocco’s Generation Green program with line of credit worth $250 million
The World Bank Wednesday announced it approved $250 million in form grant to Morocco for the financing of its Generation Green program in support for […]
Ethiopia gets $1.2 bln loans, grants from World Bank
The World Bank has approved $1.2 billion in grants and loans to Ethiopia, the Washington-based lender said in a statement. According to the bank, the […]