Most Recent World News

Tanzania Secures $225m Loan from World Bank Approves for Water Sector

The World Bank’s board of executive directors has approved a $225 million loan to Tanzania to improve water supply in the African nation’s commercial capital Dar es Salaam, the bank.

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Tanzania to Receive World Bank $305m Loan for Port Expansion

Tanzania will receive a $305 million loan from the World Bank to expand its main port in it main commercial city Dar es Salaam, where congestion and inefficiencies are hampering.

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Africa Finance Corporation issues US$150 million maiden Sukuk

  Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated ever Sukuk issuance from an African institution. Following.

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Equatorial Guinea Presents Offer To Become OPEC Member In 2017

Africa’s no. 3 oil producer Equatorial Guinea has presented an offer to join the Organisation of the Petroleum Exporting Countries (OPEC) this year and has agreed to production cuts, its.

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Nigeria Must Not Scare Away MTN, Says Communications Minister

By Camillus Eboh and Paul Carsten Nigeria must not scare away MTN, its minister of communications said, as lawmakers investigate alleged illegal money transfers just three months after the government.

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Rising Kenyan Tea, Coffee Export Prices To Ease Drought Impact

Rising prices for Kenyan tea and coffee exports will help offset the impact from a drought that has been hurting the East African nation’s agriculture after poor rains late last.

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Nigeria: Dangote, China’s Sinotruck to Set-up $100Mln Truck Plant

Africa’s richest man Aliko Dangote has partnered with China’s heavy duty truck group Sinotruck to set up a $100 million plant to assemble trucks and cars in Nigeria for local.

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Zimbabwe’s Largest Bank CBZ Suspends Local Use of Visa Cards

Zimbabwe’s biggest banking group CBZ Holdings has suspended the use of Visa cards for local transactions due to high costs and cash shortages, its chief executive officer said on Monday..

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Nigeria’s NNPC Awards 2017 Crude Oil Term Contracts to 39 Companies

State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday. The contracts covering about 1.31 million barrels per.

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Ghana: Cocoa Sector Likely to Get Fresh Start with Incoming Government

By Matthew Mpoke Bigg Ghana’s incoming government could give the country’s $2 billion cocoa industry a boost if it installs a more transparent executive at industry regulator Cocobod and implements.

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