Saturday, February 17, 2018
To further enhance the African Local Currency Bond Fund (ALCB Fund) portfolio and promote the development of domestic capital markets across the continent, the African Development Bank (AfDB) has approved a loan of R140-million. The senior loan, with a seven-year...
The International Monetary Fund (IMF) said Friday it will only start lending to Zimbabwe once it clears its arrears to other multilateral creditors which include the World Bank and the African Development Bank. It however, called for concerted international effort...
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...
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...
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...
Chinese Foreign Minister Wang Yi begins his multi-nation trip to Africa with a stop in Rwanda. He told President Paul Kagame China stands ready to help the country in its development agenda. The two countries also agreed to increase political...
LUANDA, Jan 11 (Reuters) – Moody’s assumes the Angolan government does not intend to default on its debt after ambiguous wording in official statements, the ratings agency said in a research report. Angola this month unveiled plans to restructure its...
Accra, Jan. 8, GNA - There are many ways to measure development in a region, a country or even a continent. Freedom, prosperity, health and stability are all pillars of progress, and opportunity is the foundation. But this week...
Angolan President Joao Lourenco dismissed his predecessor’s son as head of the country’s $5 billion sovereign wealth fund, state-owned Angola Press reported. Lourenco fired Jose Eduardo dos Santos’s son, Jose Filomeno dos Santos and the entire board of the Fundo...
The Harare-Beitbridge road dualization project in Zimbabwe is at risk of being cancelled if contractors do not start work within the coming few weeks; amid indications that there are new senior government officials that are pushing for the collapse...

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