Egypt Signs $500m Loan Pact With World Bank For Gas Supply
Egypt has entered into a $500 million loan with the World Bank to provide natural gas to households in Egypt. According to Najla Ahwani, Minister...
Category : ECONOMY
Eskom Package Approved
Cabinet has approved a package to close the funding gap at Eskom, the National Treasury said on Sunday. The package, approved at a special Cabinet...
Court Hitch For Greek Privatization Project
Athens – Greece’s top privatisation project, the long-awaited development of the former Athens airport, is facing new delays after a court found procedural problems in...
Bank Of Baroda Still Most Profitable Bank In Ghana
The Bank of Baroda emerged the most profitable bank for the...
South Africa Avoids Recession, But Loses Momentum
By ADRIENNE KLASA South Africa, Africa’s second largest economy, has narrowly avoided slipping into recession after second quarter growth figures rebounded by 0.6 percent. The economy...
EU Allocates 85 Million Euro To EAC
The European Union (EU) through the European Development Fund (EDF 11) has allocated the East African Community 85 million Euros for 2016 to 2020 period....
IMF Approves $217m Loan For Tunisia
MEP Paul MURPHY (GUE/NGL, IE) and MEP Marie-Christine VERGIAT (GUE/NGL, FR) The International Monetary Fund said on Friday it had completed a review of its loan programme...
Algeria TO Lunch Five Years Investment Plan Worth $262bn
By Nigel Wilson Algeria’s president Bouteflika walks with nephews after casting ballot during parliamentary elections in Algiers(Reuters) Algeria has announced a new investment plan to be...
Glo Xchange, Beginning Of Deeper Collaboration Between Banks, Telcos – CBN
The Governor of Nigeria’s apex bank, the Central Bank of Nigeria, Mr. Godwin Emefiele, has described Nigeria’s first Mobile Money Super Agent Network, Glo Xchange,...
Oil Revenue Should Be Used To Fight Hunger In South Sudan’
New fighting has broken out in South Sudan, forcing aid workers to take cover in a city where more than 40,000 civilians are huddled in...
Gold Holds Below 3-Week High as Tensions Assessed With Economy
Gold traded below a three-week high as investors weighed the...
Fiscal Policy to Address Energy’s Environmental Impacts
Fiscal policies should be center stage in getting energy prices to reflect the harmful and environmental side effects associated with energy use, according to...
Fiscal Policy to Address Energy's Environmental Impacts
Fiscal policies should be center stage in getting energy prices to reflect the harmful and environmental side effects associated with energy use, according to...
Joining BRIC set to Boost South African Property market
Confidence is returning to the South African real estate market and the country’s inclusion this year in the BRIC group of major emerging markets is...
Oil Prices Under Pressure
Oil prices fell further in Asia on Friday following a sell-off...
IMF Concludes Review of Flexible Credit Line, Precautionary and Liquidity Line, And Rapid Financing Instrument
The Executive Board of the International Monetary Fund (IMF) discussed the Review of the Flexible Credit Line (FCL), the Precautionary and Liquidity Line (PLL), and...
Sub-Saharan Africa’s Biggest Oil Producers In Shadowy State Deals With Swiss Commodity Trade
Governments in sub-Saharan Africa are selling crude petroleum in shadowy deals worth hundreds of billions of dollars...
Sub-Saharan Africa's Biggest Oil Producers In Shadowy State Deals With Swiss Commodity Trade
Governments in sub-Saharan Africa are selling crude petroleum in shadowy deals worth hundreds of billions of dollars...
President Obama into kaleidoscope Of U.S.-Africa Summit August 4- 6
“I do not see the countries and peoples of Africa as a world apart; I see...
Nine Low-income African Countries Win Funding to Transform Renewable Energy Services
At the semi-annual Climate Investment Funds (CIF) governing body meetings held June 25-28 in Montego Bay, Jamaica, nine African nations were chosen to...