Most Recent World News

Tunisia’s Foreign Loan Needs To Rise To $3.71 Bln in 2017 -Minister

Tunisia will need $3.7 billion in foreign loans in 2017, its finance minister said on Thursday, $1 billion more than anticipated two months ago, to offset declining tax revenues and.

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Mugabe Praises Resilient Zimbabweans, Skirts Bond Notes

By MacDonald Dzirutwe President Robert Mugabe praised Zimbabweans on Tuesday for resilience in the face of economic hardship, in a speech that avoided the recent introduction of “bond notes”, a.

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OPEC Joins Russia in Upping Output Ahead Of Production Cut

By Henning Gloystein Oil prices eased on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that.

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Egyptian Billionaire Sawiris in Surprise Exit as Orascom CEO

  By Amina Ismail Egyptian billionaire Naguib Sawiris has resigned as chief executive officer of Orascom and his deputy Tamer El Mahdi has been nominated as his successor, the company.

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Zimbabwe: Gov’t Signs $1bln Deal for Harare-Beitbridge Highway

By Barnabas Thondhlana Construction of the Harare-Beitbridge highway is set to start next April after government on Wednesday signed an agreement with the Austrian contractor Geiger international. The highway is.

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AFDB Offers Tunisia $2 Bln Loan over Next Five Years

The African Development Bank (AFDB) will lend Tunisia between $1.5 billion and $2 billion over the next five years, the bank’s North Africa director Jacob Kolster said on Wednesday. Kolster.

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Angola: ABO Capital Commits to Bringing Emerging Technologies to Africa

  Zandre Campos, CEO of ABO Capital, a leading international investment firm headquartered in Angola, announced today that the company has made its first two investments in the United States.

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Zimbabwe Launches “Bond Notes” Currency to Ease Cash Crunch

 By MacDonald Dzirutwe Zimbabwe launched a “bond notes” currency which held its value against the U.S. dollar on Monday, despite warnings that it could cause hyperinflation and suggestions it could.

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Algeria, Kenya Trade Ties Deepen

By Wanjala Danson, Contributor A recent deepening of economic relations between Algeria and East Africa, which could see the Maghreb country boost exports to Kenya and its neighbours via the.

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Oil Prices Fall Over Doubts of Planned Crude Output Cut

By Henning Gloystein Oil prices fell on Monday, adding to Friday’s steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting.

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