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 […]
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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 […]
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 […]
Mauritania inks nearly $17 million loan agreement with IMF
The International Monetary Fund (IMF) has concluded an agreement of $16.56 million with Mauritania as the West African nation’s economic recovery has been confirmed with […]
Morocco secures $2 billion funding from AfDB
The African Development Bank’s (AfDB) vice president, Khaled Sherif, last weekend said Morocco will benefit from a $2 billion financing from the Bank over the […]