Nigeria’s NNPC receives Afreximbank $925M crude oil-backed loan
Afreximbank has allocated $925 million to Nigeria's state-owned NNPC as part of a syndicated $3.3 billion…
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Kenya to use part of World Bank loan to repay debt
Kenya intends to allocate a portion of its World Bank budget support loan to fulfil a payment of approximately $500…
Egypt’s agricultural exports surge – ministry
Egypt's agricultural exports surged to record levels, as per the Egyptian Ministry of Agriculture and Land…
Nigeria to maintain fixed petrol prices in ’24 budget
Nigeria plans to spend 5.4 trillion naira ($3.7 billion) in 2024, a 50 per cent increase from 2023, to maintain…
Aramco’s sale attracts foreign investments unlike 2019’s
Foreign investors eagerly embraced Saudi Aramco's $12 billion share sale, contrasting with its 2019 debut,…
Bank of America relocates to Dubai
A senior Bank of America Corp. dealmaker is relocating from London to Dubai to boost efforts in the Middle Eastern…
EGX ends trade in red on June 6
Egypt’s stock market (EGX) closed red on Thursday. The main index, EGX30 sunk by 0.77 per cent, to 26,428.65…
Uganda, S. Korea ink infrastructure development deal
Uganda has secured a $500 million loan from South Korea in a deal to support the infrastructure development in the…
World Bank forecasts Kenya’s GDP to decelerate to 5.0% in ’24
Kenya's real GDP rose to 5.6 per cent in 2023, surpassing 4.9 per cent in the previous year, fueled by agriculture…
OPEC+ defends decision amid oil volatility
OPEC+ ministers stood firm against oil's bearish reaction to their decision to gradually increase crude production…