Sunday, March 24, 2019
JOHANNESBURG (Reuters) - South Africa’s Eskom will ask local banks to reopen lending facilities that were suspended last year, its spokesman said on Monday, as the state utility seeks to drag itself out of a crisis that poses a...
One of Mozambique’s newest and strategically most important power stations has been refinanced with the support of the Emerging Africa Infrastructure Fund (EAIF). EAIF has signed a Participation Agreement with the International Finance Corporation (IFC) to provide a $21million B...
On Monday, Liberia inaugurated a new president and the nation’s first female vice president, Ellen Johnson Sirleaf ended her presidency the way she began it—shattering precedent. The first woman to be elected president of an African nation has become...
Algeria’s state-run oil company Sonatrach signed an agreement, Monday, with the Libyan National Oil Corporation (NOC) to run a number of crude oil fields located on the borders between the two countries. The agreement included updating a study that was...
Rwanda and Tanzania have agreed on joint construction of a Standard Gauge Railway (SGR) from Isaka (northwestern Tanzania) to Kigali, a move which will facilitate movement of goods between the two countries. The agreement was reached following a meeting between...
The President of the African Development Bank, Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialisation in order to create jobs, reduce poverty and promote inclusive economic growth. Citing data from the Bank’s 2018 African Economic Outlook...
Ireland can leverage its experience in construction services and project financing to facilitate the Belt and Road Initiative and Guangdong-Hong Kong-Macao Greater Bay Area infrastructure construction projects, the minister of state at the Department of Finance in Ireland, Michael...
The level of investments in Nigeria by the African Development Bank (AfDB) will grow to $8billion from the present $6 billion, the President of the Bank, Akinwumi Adesina has said. Speaking yesterday at the opening of the Nigeria Country Office...
NAIROBI, Jan 16 (Reuters) - Kenya has secured a $750 million syndicated loan for seven years from the Trade Development Bank (TDB) to pay off creditors in another two-year syndicated loan that was extended last year, two banking sources...
Crude oil prices rose above $70 a barrel yesterday, signalling that production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC had helped in tightening supplies. International Benchmark Brent crude oil sold for $70.13 per barrel during...
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