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China to Cancel Zimbabwe’s $40 Million Debt

The Finance Minister of the Southern African countries Patrick Chinamasa, has stated that China is set to cancel about $40 million worth of Zimbabwe’s debt due to mature this year,.

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CANADA GRANTS 30 MILLION USD FOR ETHIOPIA’S EFFORTS OF MITIGATING EL-NINO

Canada has granted 30 million USD to Ethiopia for the efforts of mitigating the El-Nino induced drought, the Ministry of Foreign Affairs has recently said. The announcement came following the.

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ETHIOPIA PLANS 950 MW ELECTRIC POWER FROM SUGAR DEV’T PROJECTS

Ethiopian Sugar Corporation has plans to produce 950 megawatts of electric power from its sugar development projects by the end of GTP II peroid.Corporate Communication Directorate Director of the Corporation,.

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RWANDANS APPROVE EXTENSION OF PRESIDENTIAL TERM LIMITS

Rwanda’s National Electoral Commission has recently declared that Rwandans voted overwhelmingly to support changes to the constitution that would allow President Paul Kagame to extend his term in office. Kagame,.

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CFAO OPENS FIRST AFRICAN MALL IN IVORY COAST

As part of a major drive to tap into the growth of Africa’s middle classes, French distribution group Comptoir Francais de l’Afrique de l’Ouest (CFAO), has recently opened its first.

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NIGERIA: CBN RESTRICTS THE USE OF NAIRA CARDS ABROAD

In a bid to restore Nigeria’s foreign exchange market, the Central Bank of Nigeria has recently issued another circular to banks in the country, further restricting the use of naira.

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NIGERIA: NNPC TO AWARD NEW CRUDE-FOR-PRODUCT SWAP DEAL TO FOUR REFINERS

Nigerian state oil firm NNPC has recently said that it will award new crude for oil products swap agreements to leading refiners Total, Varo Energy, Cepsa and ENI. According to.

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BURKINA FASO LIFTS EXPORT SUSPENSION ON TAMBAO MANGANESE MINE

The General Manager of Pan African Minerals (PAM) has recently announced that the Burkina Faso transitional government has lifted the suspension of the company’s manganese export license, which was imposed.

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