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As part of its mandate of managing Nigeria’s public debt, which also includes borrowing the Debt Management Office today listed the FGN Diaspora Bond of $300ml and the Eurobond 2-tranche of about $3bl, totalling about $3.3bl. After the closing gong...
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...
President Nana Addo Dankwa Akufo-Addo has posited that the story of Africa’s hitherto inability to develop is primarily the story of bad governance and our damaging colonial heritage. Speaking at a high level Africa round-table meeting on the UN Sustainable...
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...
CAIRO - 3 January 2018: Egypt's international reserves hit an unprecedented level in December as it recorded $37.019 billion, according to the Central Bank of Egypt's (CBE) announcement on Wednesday. The record came as a result of improving sources of...
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...
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...
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...
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...
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