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 […]
World Bank
EU to provide €100 million to Somalia
The EU and Somalia signed Sunday (Oct. 14) an agreement to provide €100 million to the Somali budget over the next two and a half […]
Nigeria: Buhari asks lawmakers to approve $2.79 bln Eurobond
Nigerian President Muhammadu Buhari on Tuesday asked lawmakers to approve the issuance of a $2.79 billion Eurobond. According to Buhari, the Eurobond will help Africa’s […]
World Bank could suspend funding to Tanzania over new statistics law
The World Bank may suspend funding to Tanzania over a new legislation that would punish anyone who questions official statistics. According to the World Bank, […]
Growth in Sub-Saharan Africa Slower than Expected
Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s […]
Kenya’s external position is strong – IMF
The International Monetary Fund said Kenya’s external position is strong and it will continue to support its reform efforts through policy advice. Kenya secured a […]
Ethiopia inks $1 bln World Bank deal to support reforms
The new reformist Prime Minister of Ethiopia Ahmed Abiy has secured a $1 billion deal from the World Bank to continue the ongoing reforms in […]
Côte d’Ivoire to build its first biomass power station from cocoa waste
Côte d’Ivoire, the world’s top cocoa producer plans to build a 60 to 70 megawatts (MW) capacity biomass power generation plant running on waste from […]
World Bank approves $455 million loan for Tanzania power projects
The World Bank has approved a $455 million loan to Tanzania under its International Development Assistance (IDA) program to boost access to power for the […]
African Development Bank debars CHINT Electric for 36 months for fraudulent practices
The African Development Bank Group (AfDB) announced on Monday the conclusion of a settlement agreement with CHINT Electric Co., Ltd., a power transmission and distribution […]