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
Category: Africa
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
Africa’s renewable energy gets a financing boost of $2.3 billion from the European Investment Bank.
Over the next two years, the European Investment Bank (EIB) has committed to funding renewable energy projects in Africa with more than 2 billion euros
UAE commits $1 billion to expand AI infrastructure in Africa.
To assist nations in achieving their national development goals, the United Arab Emirates said on Saturday that it will invest $1 billion to extend AI
Load More
