IFC eyes over $2.2bn investments in North Africa this year
The International Finance Corporation (IFC) plans to inject more than $2.2bn in new financing across North Africa this year, covering 10 countries including Egypt, according to Cheick-Oumar Sylla, Director for…
Business
Ethiopia and World Bank Sign $1 Billion Deal to Back Economic Reform Agenda
Ethiopia and the World Bank have signed a major financing agreement worth $1 billion to support the country’s ongoing economic…
India ,Ghana Elevate Ties with Strategic Partnership Spanning Trade, Health, and Security
In a landmark diplomatic visit — the first of its kind in over three decades — Indian Prime Minister Narendra…
IMF Urges Nigeria to Adjust 2025 Budget Amid Falling Oil Prices
The International Monetary Fund (IMF) has called on Nigeria to revise its 2025 budget to reflect the decline in global…
Somalia ,Tanzania Resume Direct Flights and Deepen Bilateral Cooperation
Somalia and Tanzania have officially agreed to resume direct commercial flights between their capitals, Mogadishu and Dar es Salaam, in…
Ghanaian MP: BRICS Bloc Offers Global South a Fairer Alternative to Dollar-Based Trade
As momentum grows behind the BRICS bloc and its expanding global influence, Ghanaian Member of Parliament Hon. Thomas Nyarko Ampem…
Moody’s Downgrades Afreximbank to B2 Amid Rising Credit Risk
Moody’s Investors Service has downgraded the credit rating of the African Export-Import Bank (Afreximbank) for the second time in less…
AfDB Approves $475m Loan to South Africa to Bolster Energy and Transport Infrastructure
The African Development Bank (AfDB) has approved a $475 million loan to support infrastructure development in South Africa’s transport and…
Ethiopia Secures $3.5bn Debt Relief under G20 Framework
Ethiopia has reached a significant milestone in its ongoing efforts to address mounting external debt, securing a $3.5bn debt relief…
Guinea’s bauxite exports hit record 48 million tonnes in Q1 2025 despite regulatory curbs
Guinea exported a record 48.6 million tonnes of bauxite in the first quarter of 2025, marking a 39% increase compared…
South Africa showcases tourism opportunities at Durban’s Africa Travel Indaba
Participants from the G20 tourism working group have visited the Africa Travel Indaba exhibition in Durban, where a new advertising…
Sidi Ould Tah, BADEA Transformer, Elected African Development Bank President
Sidi Ould Tah of Mauritania was elected President of the African Development Bank Group at the Bank’s Annual Meetings in…
Indonesia, Ethiopia Look to Strengthen Economic Ties, BRICS Cooperation
Indonesia and Ethiopia are looking to strengthen their economic partnership and expand interaction within the BRICS framework, following a meeting…
