Saturday, December 15, 2018
Sub-Saharan African nations affected by increasing public-debt levels and non-performing loans must take action to address rising vulnerability, the International Monetary Fund said. About 40 percent of low-income countries in the region are now assessed as being in debt distress...
In a bid to encourage cryptocurrency and blockchain adoption in Egypt, the National Bank of Egypt (NBE) announced that it has joined the R3 Blockchain Consortium on April 22, 2018. R3 is a software enterprise firm that is working closely with...
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...
Dr Jumoke Oduwole, the Senior Special Assistant to the President on Industry, Trade and Investment‎, says the Federal Government is committed to ensuring Ease of Doing Business in Nigeria. Oduwole said this on Tuesday, during a stakeholders sensitisation workshop held...
Fitch Ratings has announced its decision to maintain Eskom Long-Term Local Currency Issuer Default Rating (IDR) and unguaranteed local currency senior unsecured ratings of ‘BB-‘. According to the South African parastatal, the ratings agency has simultaneously maintained the National Long-Term...
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...
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...
Government is set to receive about $2 million from the Common Market for Eastern and Southern Africa (Comesa) to capacitate the country’s leather and cotton value chains, Finance deputy minister Terrence Mukupe has said. “I was in Zambia and we...
INFRASTRUCTURE Development Bank of Zimbabwe (IDBZ) chief economist Khutula Sibanda says Zimbabwe needs around $5 billion annually for trade and finance in the retooling of the industrial sector and infrastructure development. BY SILAS NKALA Sibanda made the remarks yesterday during a...
The government on Tuesday re-affirmed its commitment to renewable energy as part of the country’s energy mix while dodging any mention of its plans for nuclear energy. Energy minister Jeff Radebe delivered a keynote address at the African Utility Week...
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