Most Recent News

Egypt’s Central Bank Tightens Import Controls to Boost Local Production

In a bid to support local manufacturing and better preserve its dwindling foreign currency reserves, the central bank of Egypt has in a statement said that it will tighten import.

Nigeria Expects 2016 Budget Deficit to Double To $11 Billion – President

Nigerian President Muhammadu Buhari has recently said that the country expects its budget deficit to double to 2.2 trillion naira ($11 billion) in 2016 as the government plans to revive.

Benin Republic: Pm Zinsou Confirms To Run For President in 2016 Polls

Benin’s Prime Minister Lionel Zinsouhas recently said he would run for president on behalf of the ruling party in an election next year, burying fears that President BoniYayi will defy.

Rwanda: President Kagame Thanks Nation after Referendum Favouring Him

Rwanda’s president Paul Kagame thanked the nation on Monday for voting in a referendum last week of which 98 percent overwhelmingly backed constitutional changes allowing him seek re-election for another.

AfDB to Fund Construction Of Power Project In Sierra Leone

As part of African Development Bank’s (AfDB) efforts to improve power availability in Africa, its Board of Directors has recently in Abidjanapproved a senior loan of up to USD 20.

AfDB Supports Eskom for Construction Of Power Stations In SA

As part of efforts to boost electric power supply in South Africa, the Board of Directors of the African Development Bank (AfDB) has recently approved a senior corporate loan equivalent.

AfDB Mobilizes Us$20 Million Loan To Boost Water Supply In Rwanda

The Board of Directors of the African Development Bank (AfDB), through its private sector window,has recently approved a USD 20 million loan to the Kigali Bulk Water Supply Project in.

AfDB Invests Usd300m for Construction Of Railway, Port In Mozambique, Malawi

The Board of Directors of the African Development Bank (AfDB), through its private sector window, has approved a Senior Loan equivalent to USD 300 million to support the construction of.

Nigeria’s Kaduna Refinery Restarts

The Nigerian National Petroleum Corporation (NNPC) has recently disclosed after pipeline pumping crude to the plant resumed operations, that it has restarted the northern Kaduna refinery. According to the spokesman.