Most Recent World News

Côte d’Ivoire Becomes 11th Member of Africa Finance Corporation (AFC)

Côte d’Ivoire has become the newest member of Africa Finance Corporation (AFC), the leading international finance institution for financing infrastructure projects in Africa. This announcement comes at a time of.

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What France is doing in Africa in the Renewable Energy front

Speech by His Excellency the Ambassador of France in Nigeria, Mr Denys GAUER on “What France is doing in Africa in the Renewable Energy front” Honorable guests, dear organizers and participants, ladies and.

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10 Ways Mobile Phones Have Transformed Lives In Africa

The telecommunication industry in Africa has witnessed a revolution especially with the onset of the handset mobile phones. Mobile phones have changed the ways companies, government agencies and other institutions.

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Ethiopia Plans Mega Airport Project In Addis Ababa

The mega airport will surpass the new $475-million modern light-rail system and the project will only be second to the ongoing Grand Ethiopian Renaissance Dam project Ethiopia has announced plans.

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African Economic Growth Expected to Outpace Global Average

Africa is now positioning itself as a major business opportunity for overseas investors, according to ICAEW’s latest Economic Insight report. Where aid was the traditional source of finance, the continent.

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Botswana: An African Model for Progress and Prosperity

The southern African nation of Botswana has defied the global economic downturn of the 2007-2009 great recession. Instead, it exemplifies the recent transition of economic growth in favor of low-income.

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Liberia Secures U.S.$256 Million American Grant

The Board of Directors of the Millennium Challenge Corporation (MCC) has approved US$256.7 million grant to Liberia under the Millennium Challenge Compact program. The grant was approved during the MCC.

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Nigerian National Petroleum Corporation (NNPC) Receives N263 Billion Loan to Develop Oil Wells

The Nigerian National Petroleum Corporation (NNPC) on Sunday announced that it had secured a $1.2bn (N236 billion) multi-year drilling financing package for the development of 36 offshore and onshore oil.

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Addis Ababa launches modern urban rail service

Ethiopia’s first modern urban commuter rail service has been launched in the capital Addis Ababa. The $470M project, which was mostly funded by China’s Exim Bank, is the first fully.

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African Development Bank (AfDB) Chief To Focus On Powering Africa

The African Development Bank (AfDB) will focus in coming years on tackling Africa’s chronic power shortages to try to unlock its economic potential and end its vulnerability to fluctuations in.

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