The head of the World Trade Organization stated on Wednesday that rising global demand for essential minerals should be “a once-in-a-lifetime chance” for resource-rich nations
Category: Africa
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
On Friday, the African Development Bank (AfDB) announced that it had authorized a €100 million ($114 million) loan to support the construction of Africa’s first
Nigeria’s Dangote Refinery raises $2.5 billion in a private placement ahead of a planned IPO.
To fortify its financial structure, Nigeria’s Dangote Petroleum Refinery has raised $2.5 billion through a private placement, according to Devakumar Edwin, the company’s CEO, on
Google invested over $1 billion in Africa in the last 5 years.
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
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
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