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Egypt, Kuwait Sign $2.5 Million Railway to Sudan Deal

Egypt and Kuwait have agreed to collaborate on the construction of a train connecting Egypt and Sudan. The $2.5 million deal was inked by Egypt’s Ministry of International Cooperation and.

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South Africa Sells $3 Billion of Eurobonds Amid Rising Yields

South Africa raised $3 billion in a Eurobond sale, the third African nation to tap the market since the start of Russia’s war with Ukraine. In its first foray into.

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Libya, Algeria Meet to Discuss Border Security

President Abdelmadjid Tebboune of Algeria has expressed his country’s hope that Libya will have elections, which would be a “major step” toward ending the country’s political turmoil. On Thursday, the.

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AfDB Approves $5.5bn Fund for Desert to Power Energy Project

Development finance institution the African Development Bank’s (AfDB) concessional African Development Fund (ADF) has approved a $5.5-million technical assistance grant to kickstart the roll-out of the flagship Desert to Power.

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Botswana Investigates New Coronavirus Mutation in Four Individuals

According to Botswana‘s health and wellness ministry, experts are looking into a new coronavirus mutation found in four people in the country. According to social media posts, the mutation has.

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MTN gets approval to offer banking services in Nigeria

Nigerian regulators have given South African telecommunications giant, MTN, the go-ahead to run a conventional commercial bank. The telco disclosed this in a notice to the investing public through the.

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World Bank to finance four projects worth $495 million in Senegal

The World Bank said on Tuesday it has signed deals to finance four projects in Senegal worth a total of $495 million to help improve education, electricity, economic development and.

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29m People Face Hunger as Drought Ravages Eastern Africa, IGAD Warns

At least 29 million people in eastern Africa are currently facing high levels of food insecurity due to prolonged drought as rains are projected to fail for a fourth consecutive.

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