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Africa News
IMF approves $415m disbursement for Morocco
The International Monetary Fund (IMF) Executive Board has completed the second review of Morocco’s Resilience and…
Nigeria signs $1.2b deal to revamp gas processing plant
Nigeria has taken a significant step towards reviving its dormant aluminium industry by signing a $1.2 billion…
Egypt-COMESA trade hits $14b in ’23
Egypt’s trade with COMESA countries reached $14 billion in 2023, with further growth anticipated as Egypt…
Fitch assigns Chad ‘B-‘ IDR rating with stable outlook
Fitch Ratings has assigned Chad a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B-' with a Stable…
Nigeria’s Dangote Refinery counters fuel shortage claims
Nigeria’s Dangote Oil Refinery holds a 500-million-litre petrol stockpile, founder Aliko Dangote revealed,…
Nigerian Moniepoint raises $110m to expand African FinTech solutions
Nigeria-based fintech Moniepoint has secured $110 million in new funding from investors, including Google, to…
Sudan boosts pledge as Africa seeks $25b for development fund
Sudan has boosted its pledge to the African Development Fund’s upcoming replenishment, committing $3 million,…
IFC to finance Nigerian private sector projects
The International Finance Corporation (IFC) and Nigeria's Central Bank (CBN) have signed a strategic agreement to…
Egypt’s FinMin calls for stronger private sector role in Africa
Egypt’s Finance Minister Ahmed Kouchouck emphasised the vital role of the private sector in increasing production,…
Egypt’s FinMin calls for local currency settlements
Egypt’s Minister of Finance emphasised the importance of expanding local currency settlements to maximise African…
