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Zimbabwe is set to receive investment guarantees worth $1.5bn as the country works on boosting investor confidence after being starved of foreign direct investment for more than two decades.
According to the Reserve Bank of Zimbabwe (RBZ), the African Export-Import …
Continue readingThe UN on Thursday said more than $1 billion in funding was needed this year to help millions of people affected by Boko Haram’s Islamist insurgency in northeast Nigeria.
The humanitarian co-ordinator in Nigeria, Edward Kallon, said “life-saving emergency assistance …
Continue readingPresident Donald Trump through the United States Agency for International Development (USAID) has announced a donation of $89 million in additional development assistance to Nigeria.
This he said was in continuation of US’ support for development goals outlined in a …
Continue readingBritain’s export finance agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency.
The naira will become one of three West African currencies that …
Continue readingNew CEO Vuyani Jurana has made a strong case to wind up SAA. In a presentation to Parliament’s standing committee on finance late last year, Jurana listed results and reasons for SAA’s crisis that would send any private company straight …
Continue readingIn a bid to revive and launch the national carrier, Uganda Airlines, Uganda seeks to raise $388 million.
Uganda Airlines will be launched by September following the Cabinet approval of a blueprint last year that stated how the airline could …
Continue readingPresident of the Democratic Republic of Congo (DRC) Joseph Kabila will not contest in elections when they are next held, the information minister Lambert Mende has told the Voice of America channel.
According to him, Kabila intends to …
Continue readingPresident Muhammadu Buhari has signed bilateral air service agreements Algeria and the Republic of Congo. Similar agreements were signed with China, Qatar, and Singapore.
The signing was confirmed in a terse statement by Mr. Buhari’s spokesperson, Garba Shehu.
“Following the …
Continue readingAfrican Development Bank (AfDB) is set to increase its loans to Nigeria by over $2 billion in 2018, as well as invest in Africa’s biggest economy’s energy, infrastructure and agriculture sectors.
Nigeria seeks to reduce its dependency on crude exports …
Continue readingAngolan President, Joao Lourenco has made another dramatic move against his predecessor, Jose Eduardo dos Santos by dismissing the former head of state son Jose Filomeno dos Santos from the head of the country’s $5 billion sovereign wealth fund.
This …
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