Most Recent World News

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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Botswana government hopeful of China beef market

Botswana President Mokgweetsi Masisi said his government is confident that it will establish a lucrative beef market with the People’s Republic of China. Briefing members of the media upon his.

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Union Bank of Nigeria Announces N100 Billion Debt Issuance Programme

Union Bank of Nigeria has announced the registration of a N100 billion Debt Issuance Programme and the subsequent inaugural issuance of Series I and II Bonds under the newly registered.

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ITFC, Egypt Sign $3b Framework Agreements

The International Islamic Trade Finance Corporation (ITFC) has recently announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the.

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NIC Bank Kenya Selects Newgen to Facilitate Digital Transformation

NIC Bank Kenya PLC has made an announcement regarding the successful transformation of its multiple banking processes; using Newgen’s Business Process Management based banking solutions. With its focus on innovation.

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