Most Recent World News

Egypt’s Suez Canal Revenue Expected to Hit $7 Billion by Year-end

Egypt’s Suez Canal is expecting revenues worth around $7 billion by the end of the current financial year. According to Egypt’s finance minister, Mohamed Maait, tourism revenues are predicted to.

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African Development Bank approves $1.5 billion emergency food facility

The African Development Bank, AfDB, has approved a $1.5 billion emergency food production facility for about 20 million farmers in Africa. The fund is expected to help avoid a looming.

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China’s Sinosteel signs $680 million iron ore mine deal with Cameroon

Cameroon’s government has signed a 420 billion CFA franc ($675.96 million) high-grade iron ore mining deal with a subsidiary of Sinosteel Corporation Limited as China seeks new sources of the.

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US announces $215m food assistance to African countries

United States Secretary of State, Antony Blinken, has said that the US government would provide an additional $215 million in emergency food assistance in Nigeria, Algeria, Cameroon, Uganda, Zimbabwe, Mauritania,.

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PUBLIC VOTING FOR AFRICAN BUSINESS LEADERSHIP AWARDS (ABLA) 2022 COMMENCES ONLINE

…winners to be honoured on 4th July 2022 in London, UK Portsmouth, United Kingdom/ May 20, 2022 The African Leadership magazine has recently unveiled a shortlist of nominees for 13.

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South African Central Bank eyes digital rand to cut cross-border payment costs

A digital rand in South Africa could cut the high cost of cross-border payments for banks, but a senior central bank official said its introduction is still a few years.

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Zimbabwe Unfreezes Bank Lending Days After Policy Change

The Central Bank of Zimbabwe has removed its restriction on bank lending more than a week after the government froze credit to stop speculation against the swiftly depreciating local currency..

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Rwanda pumps $150m to private sector for post-Covid recovery

Rwanda has unveiled an additional $150 million in funding for businesses to stimulate growth and mitigate the prolonged impact of the coronavirus pandemic on the economy. The funds, drawn from.

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IMF and Niger reach staff-level agreement on $53 million loan

The International Monetary Fund (IMF), and Niger have reached a staff-level agreement on a first programme review that will allow for disbursement of about $53 million if approved in June,.

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South African retailer, Pick n Pay to cut $187 million in costs in 3 years

South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rands ($187 million) in the next three years and grow its market share by.

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