Most Recent World News

Moody Upgrades Egypt’s Bonds

Rating agency Moody’s has upgraded Egypt’s sovereign rating, saying ongoing economic reforms will help improve its fiscal position and boost economic growth. Moody’s upgraded the long-term foreign and local currency.

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Liberia, Guinea Sign MoU

West African country, Liberia has signed an outline deal with a new venture set up to mine iron ore in Guinea to be shipped via Liberia, an export route the.

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OPIC to Invest in Women-led Businesses

Ivanka Trump, President Donald Trump’s daughter, and the acting head of the Overseas Private Investment Corporation (OPIC), David Bohigian, have announced that the U.S. government agency plans to invest hundreds.

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ISDB Begins Marketing 5-Year Tenured Sukkuk

Islamic Development Bank (IsDB) has started marketing a five-year dollar sukuk, or Islamic bond, a document issued by one of the banks showed. The Jeddah-based triple A-rated institution gave initial.

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Dangote Refinery To Absorb 2,000 Engineers

The Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin has disclosed that the coming on stream of the Dangote Refinery and Petrochemicals will.

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South Africa’s Rand Holds Firm Amidst Grim Global Outlook

South Africa’s rand held on to its gains in early trade on Thursday amid grim forecasts for the global economy as both the U.S. and Eurozone Central Banks kept a.

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Zimbabwe Reaches Agreement With IMF On Economic Reform Programme

Zimbabwe has reached agreement with the International Monetary Fund (IMF) on a programme of economic policies and structural reforms that could pave the way to the crisis-hit country re-engaging with.

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Nissan South Africa To Build Navara Model

The South African arm of Nissan will spend 3 billion rand ($213 million) equipping its local plant to build the Japanese carmaker’s new Navara model, the unit’s boss said on.

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Kenya’s GDP To Grow By 5.7% Despite Climatic Conditions

Kenya’s real gross domestic product is projected to grow by 5.7% in 2019, a slight decrease from the estimated 5.8% growth experienced in 2018, according to the new World Bank.

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Standard Chartered Bank Opens Innovation Hub In Kenya

Standard Chartered Bank has opened a new innovation hub in Kenya to bolster its collaboration with fintech companies in the region. The new Africa eXellerator lab will be leveraged to.

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