Most Recent World News

ICAEW says remittance income will drive economic growth for Africa

Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according to a new report by the Institute of Chartered Accountants in England.

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Mastercard and Vodacom launch first online card in Tanzania

Mastercard has partnered with Vodacom and BancABC to introduce the first online card in Tanzania – the M-Pesa virtual card. The virtual card will allow M-Pesa mobile wallet holders to.

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NEXIM Earmarks N37bn to Promote Agricultural Products in 36 States, FCT

The Nigerian Export-Import Bank (NEXIM) said it has earmarked N37 billion to develop and support export commodities from primary production to exporting stage across the 36 states of the federation,.

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Kenya: Family Bank CEO Resigns After Profit Rebound

Family Bank Chief Executive David Thuku has resigned from the bank to pursue personal interests. Thuku who has been at the bank for the last five and a half years.

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South Sudan to pay Khartoum $1.2 billion oil debt

South Sudan will pay its outstanding oil debt of $1.2 billion to Sudan as oil output increases with reopening of more oilfields, the country’s petroleum minister, Ezekiel Lol Gatkuoth has.

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African Development Bank approves $15million to promote SME in West Africa

The Board of Directors of the African Development Bank has approved $15million equity investment in Verod Capital Growth Fund III, a private equity fund that will make investments in high.

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Zimbabwe finance minister wants to clear World Bank debt of R27bn

Zimbabwe’s new finance minister said on Monday he would accelerate plans to pay arrears to the World Bank and the African Development Bank and would work on a three-year programme.

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UN-Habitat and partners drive for equitable economic growth in Kenya

UN-Habitat, working in concert with its partners, has embarked on a cities campaign on Equitable Economic Growth in two Kenyan secondary towns of Kajiado and Ol-Kalou. The aim of the.

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Rwandan banks profit from loans interest and automation

Listed banks in Rwanda have reported strong growth in profits in the first half of the year despite a tough business environment, thanks to interest income and commissions. The banks.

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China Mobile International Limited opens South African office

China Mobile International Limited (CMI) has opened a South African office in Johannesburg. Mr. Chen Zhaoxiong, Vice Minister of Industry and Information Technology of the People’s Republic of China; Mr..

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