Most Recent World News

C.A.R to Launch Bitcoin Investment Platform Called ‘Sango’

The Central African Republic’s presidency announced the establishment of the continent’s first legal Bitcoin Investment Platform called ‘Sango’, extending the impoverished country’s embrace of digital finance despite warnings from the.

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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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