Ghana’s oil production increases by 67%
Ghana’s oil production has increased by 67 percent in the first half of 2017 compared to the same period in 2016, the semi-annual report on […]
World Bank
Nigeria’s Aliko Dangote to invest up to $50bn in US, Europe
Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $20bn to $50bn in the United States and Europe over the next seven […]
WB loans to Guinea to amount to $574 Million in 2017
World Bank Vice-President for Africa Makhtar Diop, who has just paid a visit to Conakry July 15-17, confirmed that Guinea will receive $574 million loan […]
US congress to okay $525 million deal with Côte d’Ivoire
The United States’ sponsored program, the Millennium Challenge Corporation (MCC), on Thursday submitted to the US Congress “for examination and consideration,” a budget proposal for […]
Mugabe donates $1mln Check to AU
Zimbabwe president Robert Mugabe on Monday handed over a check of $1 million to the African Union, part of efforts to help push the regional […]
Benin secures WB loan to ease power crisis
The World Bank has granted a loan of $ 60 million (34.6 billion CFA francs) to Benin to improve the energy performance in the west-African […]
Djibouti to launch digital currency
The Central Bank of Djibouti will soon launch its digital currency, the state-run television (RTD) announced. The Bank’s Governor, Ahmed Osman Ali, said the project […]
Senegal gets $17 million from EU to improve rural electrification
The European Union (EU) has released about $17 million to Senegal to accelerate the electrification of rural areas in the country. About 150 villages and […]
Côte d’Ivoire gets support from WB to develop secondary cities
The World Bank group has approved about $120 million to finance the Urban Development and Competitiveness of Secondary Cities (PIDUCAS) Infrastructure Project in Côte d’Ivoire. […]
Africa’s economy to grow by 3.4 % in 2017 – Report
Africa’s economy will grow by 3.4 percent in 2017, and 4.3 percent in 2018. The modest recovery from the worst performance in more than two […]