News Archive

Mozambique: AFDB signs USD 20 billion Mozambique LNG loan

The African Development Bank has signed a USD 400 million loan to co-finance Mozambique's LNG Area 1 Project which is ranked as ...

Rwanda: African Development Bank commits USD 98 million for COVID-19 response

The AfDB has approved a USD 98 million loan to strengthen Rwanda's health system to contain the spread of COVID-19, safeguard ...

East Africa: Home grown multinationals gain firm foothold in region

The EAC Common Market has opened a window for cross-border expansion, nurturing home-grown multinationals with financial ...

Algeria: New plan to revive economy, reduce dependence on oil

Algeria plans to launch a new economic plan to reduce reliance on oil and gas and give the private sector a greater role by ...

Nigeria: E-commerce start-up to include financial services to its supply chain services

TradeDepot, which connects international brands to small businesses in Africa has raised USD 10 million in a new round of funding ...

Africa: Joint tech front set up in fight against pandemic

African countries have rolled out the Africa Communications Information Platform to gather user-generated survey data and ...

East/Southern Africa: World Bank provides USD 425 million for infrastructure financing

The World Bank has approved USD 425 million to support the Regional Infrastructure Financing Facility project which aims to ...

Tanzania: New lower middle income status improves nation’s creditworthiness

Tanzania’s access to international credit markets has been boosted after attaining the World Bank’s new minimum gross ...

East Africa: Region braces for another locust invasion in the face of a pandemic

A third outbreak of desert locusts, with billions of the destructive insects is about to hatch and threaten food supplies in a ...

Ethiopia: AfDB approves grant for Ethiopia-Sudan railway study

The African Development Bank has approved a USD 1.2 million grant to Ethiopia’s government to finance a two-year feasibility ...

Rwanda: USD 315 billion fund planned for Covid-19 recovery

Local businesses have been invited to apply for funding under the Economic Recovery Fund, a two-year facility established by the ...

Uganda: Coffee sales rise despite pandemic

Uganda coffee exports have continued to surge despite the coronavirus pandemic with April figures showing an increase of 18 ...

Kenya: tourism lobby draws up opening protocols during COVID-19

The tourism sector is working on four protocols that will ensure a safe reopening and maximum impact of a USD 56 million stimulus ...

Mozambique: Total secures USD 15 billion funding for Mozambique LNG

Total has reached a financing agreement with a consortium of banks, including the Rand Merchant Bank, to secure a USD 15 billion ...

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East Africa: EAC takes advantage of AGOA treaty to increase US exports

According to the latest US Trade and Investment with sub-Saharan Africa report, the East African Community members took advantage ...

East Africa: Region to Benefit from USD 500 million for locust invasion fight

The World Bank has approved a USD 500 million in grants and low interest loans to combat the natural threat of the region’s ...