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Africa News
Zambia to establish new mineral investment entity
Zambia is gearing up to establish a fresh entity dedicated to investment and trading in minerals, aiming to…
Ghana reaches deal with creditors
Ghana has finalised a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC), chaired by…
Egypt to support Guinea’s agriculture development
In a bid to bolster agricultural development in Guinea, the Egyptian Minister of Agriculture has pledged unwavering…
Kenya seals IMF agreements
Kenya and the International Monetary Fund (IMF) have sealed a staff-level agreement on the seventh review of…
Morocco’s Tanger Med port to surpass nominal containers capacity
Morocco's Tanger Med port anticipates surpassing its nominal processing capacity of 9 million containers this year,…
Afreximbank supports Fidelity Bank’s expansion with $40m facility
Afreximbank has disbursed a $40 million Intra-African Investment Facility to Fidelity Bank Nigeria Plc.
Nokia eyes expanding operations in Egypt
HMD Global, the parent company of Nokia Mobile, reiterates its commitment to expand manufacturing in Egypt. In a…
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…
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…
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…
