Google announced on Wednesday that it had surpassed a five-year goal of investing $1 billion in Africa, as it made public projects on infrastructure and
Category: Africa
China authorizes Standard Bank and ICBC to jointly operate as the “Renminbi Clearing Bank of Africa.”
As Beijing intensifies its efforts to encourage the worldwide usage of its currency, the Chinese central bank has authorized Standard Bank and Industrial and Commercial
IMF warns Nigeria that $5 billion swap deal with the UAE lender is opaque and complex.
Nigeria plans to borrow up to $5 billion through a derivatives arrangement with First Abu Dhabi Bank, but the IMF issued a warning on Tuesday
A World Bank report shows 27 countries in dire need of crisis funds at the onset of the Iran war.
Twenty-seven nations have taken steps since the start of the Iran war to establish crisis instruments that may promptly obtain funds from current World Bank
Africa-France summit agreements and new collaborations are on the agenda with deals worth over $1 billion.
On Monday, more than thirty African leaders began a summit with French President Emmanuel Macron in Kenya as Paris looked for fresh agreements and collaborations
Standard Chartered syndicates $2.33 billion to finance 1,219 km of Tanzanian railway.
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
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.
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