Most Recent News

Rwanda: President Kagame Thanks Nation after Referendum Favouring Him

Rwanda’s president Paul Kagame thanked the nation on Monday for voting in a referendum last week of which 98 percent overwhelmingly backed constitutional changes allowing him seek re-election for another.

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AfDB to Fund Construction Of Power Project In Sierra Leone

As part of African Development Bank’s (AfDB) efforts to improve power availability in Africa, its Board of Directors has recently in Abidjanapproved a senior loan of up to USD 20.

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AfDB Supports Eskom for Construction Of Power Stations In SA

As part of efforts to boost electric power supply in South Africa, the Board of Directors of the African Development Bank (AfDB) has recently approved a senior corporate loan equivalent.

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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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