For the Standard Gauge Railway project in Tanzania, Standard Chartered Bank has successfully set up a $2.33 billion syndicated finance arrangement, the bank announced on
Category: Africa
Egypt’s TMG partners with National Bank to build a new $27 billion mixed-use city east of Cairo.
At a press conference on Saturday, CEO and Managing Director Hisham Talaat Moustafa said that Egypt’s Talaat Moustafa Group (TMG) would construct a new mixed-use
Afreximbank approves a $10 billion Gulf Crisis Response Programme to help African and Caribbean economies.
The African Export-Import Bank announced on Tuesday that it has authorized a $10 billion Gulf Crisis Response Programme to assist the economies of Africa and
The Coca-Cola group commits $1 billion to developing its value chain in South Africa.
To support increased production capacity, Coca-Cola (KO.N) announced that its two authorized bottlers, Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, will invest 17.6 billion
Ethiopia strikes a $13b boom at an investment forum, with China’s Mingyang investing $10b.
Following a conference to draw capital into various economic sectors, Ethiopia has obtained $13 billion worth of investment deals, according to the official investment commission.
African nations to borrow $155 billion in long-term commercial debt this year, S&P says.
A survey by S&P Global Ratings shows African countries are anticipated to borrow $155 billion in long-term commercial debt this year, a 10% increase over
Africa’s biggest oil producer, Nigeria’s NNPC, records a $4.2 billion after-tax profit in 2025.
With Africa’s largest oil producer recording an average daily production of 1.62 million barrels of crude and condensate, Nigeria’s state oil company, NNPC, reported after-tax
African nations are trapped in a debt cycle, as Chinese loan repayment exceeds the amount they receive in new loans.
China’s position as a major lender to developing countries has changed over the past ten years, with fresh loans to poorer nations drastically declining while
Ethiopia starts building “Africa’s biggest airport” for $12.5 billion.
On Saturday, Ethiopian Airlines formally began a $12.5 billion building project in the Ethiopian town of Bishoftu, which officials claim would be Africa’s largest airport
AfDB raises $11 billion for poor nations with US funding still pending.
African Development Group
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