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 […]
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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 […]
Angola & China state-run oil companies agree 10-year oil deal
China’s state-owned oil company, Sinochem Group said on Wednesday it had signed a deal with Angolan state-owned producer Sonangol to buy crude oil for more […]
EBOLA: IMF disburses a loan of $ 63.6 million to Guinea
The International Monetary Fund (IMF) has announced the immediate disbursement of $ 63.6 million in favor of Guinea to support the fighting against the Ebola […]
IMF approves $688 million precautionary loan for Kenya
The International Monetary Fund has announced on the 12th February, a precautionary credit line of nearly $ 688 million for Kenya to prevent the country […]