Using a contentious financial strategy, Gabon plans to reduce its debt load and restore its waters simultaneously, a key conservation organization said on Tuesday. The
Category: Africa
Clean energy: World Bank to subsidize 1,000 mini solar power grids in Nigeria.
Ajay Banga, president of the lender, stated on Saturday that the World Bank plans to work with the government and the private sector to assist
Africa-Russia summit comes to an end without grains or peace deal.
With little to show for their efforts to restore a pact that kept grain flowing from Ukraine and to find a way to halt the
Russian firm to restart Nigeria’s Aluminum smelting company abandoned 10 years ago.
The Nigerian government and Russian aluminum company Rusal are in talks about restarting the Alscon smelter in Nigeria, which was shut down because it was
Global diamond giant De Beers reports the first production from its $2.3b underground mine in South Africa.
The $2.3 billion new underground operations at the Venetia mine in South Africa have begun production; according to global diamond giant De Beers, who released
Nigeria establishes a new infrastructure fund to boost the economy without funding details.
The creation of a new infrastructure fund was one of several initiatives President Bola Tinubu of Nigeria announced on Friday to help the economy and
China to invest $36b in Algeria across manufacturing, new tech, knowledge economy, agriculture, and transport.
Abdelmadjid Tebboune, the president of Algeria, was quoted on Thursday by Ennahar Online as saying that China would spend $36 billion in Algeria across a
Nigeria’s Access Bank to buy five sub-Saharan Africa businesses from StanChart.
As part of a plan to divest such companies, Standard Chartered stated on Friday that it has struck a deal to sell its subsidiaries in
Egypt to sell state assets worth $1.9b as part of economic reforms under a $3b IMF loan program.
As part of a drive to strengthen the private sector and raise scarce hard currency, Egypt has inked contracts to sell stakes in state assets
Egypt’s annual inflation hits a record high of 36.8% with the collapse of the currency throwing 30% of the population into poverty.
As the most populous Arab nation struggles with price increases and a weakening currency, Egypt’s annual inflation rate reached a record high in June, according
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