EIB to Focus on Zimbabwe to Kick-start Growth
(3 Minutes Read)
The European Investment Bank (EIB) has lent about €40m to Zimbabwe banks within a year, which will go towards bailing out the...
Kenyan Cabinet Secretary in Washington DC: Held Talks with Blinken
(3 Minutes Read)
Kenya has been a poster boy of the US and a key ally in promoting democratic norms across the country.
U.S. Secretary of...
US Sanctions on Sudanese Companies for Financing War
(3 Minutes Read)
The United States Treasury has imposed sanctions on three Sudanese companies allegedly financing the devastating war plaguing the nation. Among the entities...
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
(3 Minutes Read)
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
(3 Minutes Read)
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
(3 Minutes Read)
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
(3 Minutes Read)
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
(3 Minutes Read)
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
(3 Minutes Read)
Meloni declared the summit a successful first step, and top European and United Nations officials said the Italian plan, with an initial...