Most Recent World News

AfDB Mobilizes Us$20 Million Loan To Boost Water Supply In Rwanda

The Board of Directors of the African Development Bank (AfDB), through its private sector window,has recently approved a USD 20 million loan to the Kigali Bulk Water Supply Project in.

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AfDB Invests Usd300m for Construction Of Railway, Port In Mozambique, Malawi

The Board of Directors of the African Development Bank (AfDB), through its private sector window, has approved a Senior Loan equivalent to USD 300 million to support the construction of.

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Nigeria’s Kaduna Refinery Restarts

The Nigerian National Petroleum Corporation (NNPC) has recently disclosed after pipeline pumping crude to the plant resumed operations, that it has restarted the northern Kaduna refinery. According to the spokesman.

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South Africa Rand Consolidates Gains, Gold Index Boost Stocks

In the light of the thin holiday season trade, South Africa’s rand firmed on Monday, extending modest gains notched up since calm returned to markets after the fallout over the.

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Mozambique Economy Grows 5.9 Percent in Third Quarter

The Mozambican economy has grown by 5.9 percent in the third quarter of 2015 recent data on its statistics website has shown. This comes after an expansion by 5.7 percent.

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Congo Dr to Issue Bond Of $500 Million In 2016

As part of efforts to raise financing of investment project in the country, the Democratic Republic of Congo has recently announced that it will tap into the international debt markets.

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China to Cancel Zimbabwe’s $40 Million Debt

The Finance Minister of the Southern African countries Patrick Chinamasa, has stated that China is set to cancel about $40 million worth of Zimbabwe’s debt due to mature this year,.

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CANADA GRANTS 30 MILLION USD FOR ETHIOPIA’S EFFORTS OF MITIGATING EL-NINO

Canada has granted 30 million USD to Ethiopia for the efforts of mitigating the El-Nino induced drought, the Ministry of Foreign Affairs has recently said. The announcement came following the.

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ETHIOPIA PLANS 950 MW ELECTRIC POWER FROM SUGAR DEV’T PROJECTS

Ethiopian Sugar Corporation has plans to produce 950 megawatts of electric power from its sugar development projects by the end of GTP II peroid.Corporate Communication Directorate Director of the Corporation,.

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RWANDANS APPROVE EXTENSION OF PRESIDENTIAL TERM LIMITS

Rwanda’s National Electoral Commission has recently declared that Rwandans voted overwhelmingly to support changes to the constitution that would allow President Paul Kagame to extend his term in office. Kagame,.

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