Saturday, December 15, 2018
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...
DJIBOUTI, Republic of Djibouti Private investors fear investing in infrastructure for the continent, warned a top African economist on Monday. Carlos Lopes, former head of the UN’s Economic Commission for Africa and now a professor at the University of Cape Town,...
DAKAR (Reuters) - The International Monetary Fund said it is resuming loan disbursements to Chad after the Central African oil producer reached an agreement in principal to restructure its more than $1 billion debt to Glencore (GLEN.L) and four...
Chinese investment in Africa could be accelerating debt on the continent and creating economies which are “entirely dependent on China”, according to financial experts. Around $86bn (£64bn) in loans were issued by China between 2000 and 2014 to finance over 3,000 infrastructure projects...
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...
The Doing Business index is a ranking index system, created by the World Bank Group, which indicates the regularity environment of businesses.  A higher ranking, which is indicated by a lower numerical value, specifies a stronger protection of property...
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...
This year there has been a fundamental change in the dynamics of migration from Western Africa to Europe. European governments, pressured to manage the large flow of migration from Sub-Saharan Africa, have blocked one of the primary transit routes...
The global economy will confront serious challenges in the months and years ahead, and looming in the background is a mountain of debt that makes markets nervous – and that thus increases the system's vulnerability to destabilizing shocks. Yet...
The African Continental Free Trade Area's (AfCFTA) potential as a tool for driving industrialisation, economic diversification and development was highlighted at the start of the UN Economic Commission for Africa's (ECA) Conference of Ministers in Addis Ababa. The four-day event...
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