Friday, February 22, 2019
BEIJING, Dec. 24 (Xinhua) -- Over the past 10 years, a Chinese development fund has invested billions of dollars in Africa. Chi Jianxin, chairman of the China-Africa Development Fund, told Xinhua in an interview that the fund has 4.5 billion...
Egypt’s ministry of power will offer tenders in the first quarter of 2018 for the development of solar power plants with a cumulative capacity of 500MW. Arab and international companies presented their offers to the New and Renewable Energy Authority...
AFRICA OIL CORPORATION (OTCMKTS:AOIFF) had a decrease of 3.12% in short interest. AOIFF’s SI was 511,800 shares in December as released by FINRA. Its down 3.12% from 528,300 shares previously. With 58,600 avg volume, 9 days are for AFRICA...
The rating of all stock markets across the globe by S&P Dow Jones Indices has put Nigerian Stock Exchange (NSE) as one of the 5 best capital markets in the world. According to the rating body, the Lagos bourse grew...
Filipino farmers need not fear a total loss of their resources after every calamity once the proposal of Rep. Arthur C. Yap of the Third District of Bohol  becomes a law. House Bill (HB) 6923, which calls for an overhaul...
The Board of Directors of the African Development Bank has approved the Bank's 2018 borrowing program for USD 8 billion to be raised from capital markets. The Bank provides financial assistance to its member countries by mobilizing resources primarily from...
Africa Finance Corporation (AFC) has signed a US$200mn three-year term loan facility, to be used for general corporate purposes, including facilitating trade. Mandated lead arrangers and bookrunners on the facility were First Abu Dhabi Bank, Industrial and Commercial Bank of...
The Board of the African Development Bank has approved a US$153 million loan for Namibia to upgrade a 210 km stretch of railway in the west of the country. The support will also finance the upgrade of a section of...
The Nigerian government is planning to generate 3,000MW of electricity by the year 2020. The plan includes 10, 000 mini-grids which will energize under served off-grid communities across the country. The Managing Director, Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi...
The African Development Bank (AfDB), through the African Development Fund (ADF), has received a credit facility of $700.9 million from the Japan International Cooperation Agency (JICA) to assist in contributing to economic growth as well as poverty alleviation in...
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