Most Recent World News

Egypt Eyes $10 Bln in Foreign Investment as it Upgrades Infrastructure

By Lin Noueihed Egypt hopes to attract $10 billion in foreign direct investment (FDI) next year and will automate the process of establishing a company, its investment chief said, highlighting.

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Africa Will Continue To Grow as a Tourist Destination: ABO Capital CEO

  Mr Zandere Campos, the Chairman and Chief Executive Officer of ABO Capital, an international investment firm headquartered in Angola, in this exclusive interview with Eruke Ojuederie of the African.

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Kia Motors to Assemble Cars in Ethiopia, Considers Algeria

By Aaron Maasho South Korea’s Kia Motors Corp signed a deal with a local company on Thursday to start assembling cars in Ethiopia and is thinking of similar operations elsewhere.

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More Than $1 Billion in Power Africa Commitments Finalized- USAID Chief

  More than $1 billion in debt and financing commitments from U.S. agencies and private investors is set to be announced on Wednesday for U.S. President Barack Obama’s signature Africa.

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African Nations Should Borrow Closer To Home- AFDB President Says

African governments in the grip of Eurobond fever should look closer to home to secure financing vital to their economic development as borrowing costs on international debt markets rise, the.

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Nigerian Finance Minister Urges Interest Rate Cut to Help Economy

By Chijioke Ohuocha and Alexis Akwagyiram LAGOS (Reuters) – Nigeria’s central bank should lower interest rates so that the government can borrow domestically to boost the economy, which is stuck.

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IMF Says Mozambique President to Cooperate On Debt Audit

By David Lawder The president of Mozambique on Thursday pledged to work with the International Monetary Fund on the terms of an international audit of its public debt, the IMF.

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Zimbabwe Drops Week-Old Plan For Job and Bonus Cuts

Zimbabwe’s government said it had dropped plans to cut public sector jobs and bonuses less than a week after they were announced, as activists called for more protests against economic.

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Nigeria’s Start-ups Get Boost from Buhari, Zuckerberg

   By Chika Oduah Nigeria has a growing technology scene full of ambitious young entrepreneurs who are seeking out solutions to various social challenges. There is Angel Adelaja, the CEO.

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Observers: Africa’s Moment of Truth at G-20 Fell Short of Expectations

    With an aim of becoming a leader of emerging economies, China made sure that the voice of Africa was heard at the Group of 20 Nations leaders’ summit.

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