AfDB Launches Dollar-Denominated Hybrid Bonds
(3 Minutes Read)
The largest share of the allocation was taken up by hedge/specialized funds (54.8%), followed by asset managers (27.8%). Central banks and...
Shell Profits Slide: Disburses USD 3.5 billion to Shareholders
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Shell has major operations in Africa, particularly in Nigeria, South Africa, Tunisia, Algeria, Gabon, Egypt, and Namibia.
The oil major Shell said that...
Egypt and Hungary to Cooperate in ICT Sector
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Amr Talaat, the Minister of Communications and Information Technology, Egypt, was in Budapest, to discuss cooperation, new investments, and joint projects in...
Egypt May Devalue Currency to Avail IMF Loan-Sources
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The pound is currently trading in the parallel market at around EGP 71 per dollar. The international depositary receipts of the Commercial...
EU to Launch Naval Missions in Red Sea to Protect its Cargo Trade
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Houthi-controlled territories in Yemen have become a hotspot for maritime unrest. They target ships passing through the Red Sea perceived to be...
Kenya Evolving China Policy to Attract More Investments & Reduce Debt Burden
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Kenya plans is evolve its policy towards China as President William Ruto is putting forward his best effort to steamroll the numerous...
Italy Commits USD 5.95 Billion for Clean Energy Development in Africa
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Meloni declared the summit a successful first step, and top European and United Nations officials said the Italian plan, with an initial...
Tigray Region in Ethiopia to Face Massive Food Shortage Due to Delays in Supply
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Ethiopia's northern Tigray region is in the midst of a food crisis. Only a few of the target group are receiving food...
Neuralink Product Telepathy to Revolutionize Treatment for Brain Disorders
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Neuralink is one of many groups working on linking the nervous system to computers to treat brain disorders and overcome brain injuries...
Blinken Hails AfDB for Its Exemplary Development Works
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The United States Secretary of State, Antony Blinken, has commended the African Development Bank Group for the exceptional efforts it is undertaking...
