News Analysis

China has offered Nigeria a $4.5 billion loan for agricultural machinery and infrastructure, a Nigerian state governor said on Tuesday. Zamfara state governor Abdulaziz Yari said the loan had a 20-year repayment period at an interest rate of 1 percent.…

South Africa’s new finance minister, Malusi Gigaba, signaled a swing to the left on Saturday, saying “we need to radically transform the South African economy” while pledging to maintain fiscal stability.

Gigaba also said during a televised news conference that …

Egyptian President Abdel Fattah al-Sisi left Cairo for Washington on Saturday where both sides will seek a renewed relationship after tensions over Sisi’s crackdown on opponents.

As well as meeting President Donald Trump, Sisi will see the top officials at …

Egypt’s central bank expects foreign reserves to jump to over $28.5 billion for the month of March, the highest since March 2011, a bank deputy governor told the country’s state news agency MENA on Sunday.

Egypt’s net foreign reserves were …

Tunisia is drafting an “economic emergency” bill that will allow the government to bypass bureaucratic hurdles and speed up large-scale projects as it seeks to boost growth and create jobs, a senior official said.

Administrative delays and bureaucracy are one …

Capital released to Nigeria’s ministries and government agencies under the 2016 budget has reached a record 1 trillion naira ($3.3 billion), the finance minister said on Sunday.

Development in Africa’s largest economy has been stunted by a lack of much …

Egypt attracted $3.1 billion of foreign investment in domestic debt instruments since the flotation of the pound in November up until mid-March, Deputy Finance Minister Ahmed Kojak told Reuters on Sunday.

Kojak said the funds were invested in treasury bills …

A Paris-based independent power producer, Greenwish Partners, is set to invest $280 million to build solar power plants in Nigeria.

Bloomberg news agency reports that the investment is expected to start producing electricity in the first quarter of 2018.

Charlotte …

As part of efforts to boost business activities and generate huge revenue for development, the Kaduna State will be holding its second edition of Economic and Investment Summit in April 2017.

Briefing journalists on the preparations ahead of the summit …

The World Bank has announced $57 billion in financing for sub-Saharan Africa over the next three fiscal years.

Of that total, $45 billion will come from the International Development Association, the World Bank fund that provides grants and interest-free loans …