Most Recent World News

Egypt receives final $500 million tranche of African Development Bank loan

Egypt has received the third and last $500 million tranche of a $1.5 billion African Development Bank loan which will support the government’s development programmes, the investment ministry said on.

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Kenya: World Bank Unit Invests Sh20 Billion in Kenya Firms

World Bank’s private financing arm International Finance Corporation invested Sh20 billion in Kenya the year ended June and expects that this will at least double in the year ending next.

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Martina Biene appointed Head of South Africa Volkswagen brand

Martina Biene is the new Head of the Volkswagen Brand in South Africa, effective 1 October 2018. Martina Biene, who was previously the Head of Product Marketing for the Volkswagen.

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Ghana, Cote d’Ivoire to announce floor price for cocoa on Oct 1

Ghana and Cote d’Ivoire will, for the first time, jointly announce the price of cocoa for the 2018/2019 crop season in October this year. The move comes on the back.

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The Nigeria Federal Government spent $2.41bn to import rice in 3 years, says Vice President Osinbajo

The Federal Government, on Wednesday, said it spent $2.41 billion to import rice between January 2012 and May 2015. Making this known, in Abuja, the Vice President, Prof. Yemi Osinbajo,.

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Eco Atlantic Oil & Gas gets environmental greenlight for offshore Namibia drilling

It sets Eco and partner Tullow Oil up to drill the Osprey exploration well next year, but, first the sector’s attention will be on an upcoming Chariot Oil & Gas.

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Fidelity Bank Sustains Growth Trajectory, Profits Soar by 27% to N13bn

Fidelity Bank Plc posted an impressive half year results for 2018, recording a double-digit growth in key revenue lines and achieving significant traction in her chosen business segments. Details of.

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World Bank earmarks $1b for energy in developing nations

The World Bank Group is committing $1 billion to a new global programme aimed at accelerating investments in battery storage for energy systems in developing and middle-income countries. The project.

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Africa50 commits to support Africa’s clean energy development

Africa50 will support the development of Africa’s natural gas resources to help countries produce clean power, accelerate their industrialization and provide affordable energy to households, CEO, Alain Ebobissé has said.

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CBN to revoke 154 microfinance banks’ licences, 28 others

The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the.

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