Suez Canal announces record $7bn profit in 2021-2022
06/07/2022The Suez Canal on Monday announced a record profit of $7 billion (about 6.7 billion euros) for the 2021-2022 fiscal year, after repeatedly raising transit fees for ships through the.
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Zimbabwe to introduce gold coins to tame inflation
06/07/2022Zimbabwe’s central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. The central.
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Economy
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Somalia licences first two foreign banks since 1970
06/07/2022The Central Bank of Somalia (CBS) has licenced the first two foreign lenders since 1970. Central Bank Governor Abdirahman Mohamed Abdullahi said Egypt’s Banque Misr and Turkey’s Ziraat Katli can.
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Business & Economy
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Liberia, World Bank Sign US$44.6M Financing Agreement
06/07/2022Liberia’s Ministry of Finance and Development Planning (MFDP) and the World Bank have signed financing agreements for two projects totalling US $44.6 million. The first project is the Liberia Women’s.
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IMF, Ghana to Discuss Possible $3bn Loan to Support Economy
06/07/2022The IMF will send a team to Ghana this week to begin discussions about a possible $3 billion bailout loan, the fund announced Tuesday. The visit, which will run between.
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Sports
2023 Africa Cup of Nations Postponed to 2024
06/07/2022Confederation of African Football president, Patrice Motsepe, has announced the postponement of the 2023 Africa Cup of Nations finals in Ivory Coast to 2024. Motsepe confirmed the postponement in Rabat,.
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EU rolls out $1.3 billion to help Nigeria diversify its economy
06/07/2022The European Union (EU) and its development finance institutions will provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa’s most populous country diversify its economy away from oil,.
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Peace and Security
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Leaders of Congo and Rwanda to meet for talks in Luanda – officials
06/07/2022Democratic Republic of Congo President Felix Tshisekedi will meet his Rwandan counterpart, Paul Kagame, for talks in Angola this week, officials said Monday. There were no details on what they.
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