Mozambique Targets Economic Recovery With $456 Million IFC Loan
The International Monetary Fund (IMF) has approved $456 million for Mozambique, seeking to support the latter's economic recovery. IMF says that as part of the three-year Extended Credit Facility Arrangement, [...]
Equity Group Commits to Zero-Lending for Coal Projects in Finalised IFC Deal
The International Finance Corporation (IFC) and the IFC Financial Institutions Growth Fund has acquired a 6.71% stake in Equity Group, becoming the second-largest shareholder after Arise BV of Norway and Netherlands. The [...]African Airlines Join Forces to Lobby Increase in Jet Fuel Prices
African airlines have joined forces to negotiate better prices and a steady flow of jet fuel, in a bid to help stave off a potential crisis caused by supply issues [...]
EAC Region Set to Experience Import Delays Amidst China's Lockdown
East African countries (EAC) are set to suffer more importation delays following new Covid-19 cases in China and the Russian invasion of Ukraine increased congestion in the supply chains. Already, [...]Liquid Intelligent Technologies Acquires Telrad
Liquid Intelligent Technologies, one of the largest Pan-African technology groups, has announced that it will acquire Telrad, an Israeli-based technology company, for an undisclosed amount of money. Liquid is a [...]
Congo Set to Issue $ 1.4 Billion Eurobond Linked to Oil Prices
The Republic of Congo plans to issue Eurobonds linked to oil warrants to refinance its outstanding debts to commodity traders Glencore Plc and Trafigura Group, according to a report by [...]Tanzania to Invest $3 Billion in Strategic Manufacturing
Tanzania has announced plans to invest up to $3 billion in strategic manufacturing aimed at making the country a top supplier of Industrial goods within the African Continental Free Trade [...]AfDB Gives $180 Million to Rwanda's Energy Project
The African Development Bank (AfDB) has given $180 million to Rwanda’s four-year energy project, seeking to raise the number of homes connected to electricity in the next two years. The [...]Air Botswana Resumes Direct Flights to Zambia Zimbabwe
Air Botswana has announced plans to resume direct flights from Gaborone to Zimbabwe’s capital Harare and Zambia’s Lusaka, two years after it had stopped them following the global coronavirus pandemic. [...]Zimbabwe Suspends Bank Lending to Curb Currency Decline
The government of Zimbabwe has ordered banks to stop lending with immediate effect, seeking to curb its rapid devaluation on the black market. The country reintroduced a local currency in [...]Nigeria's Biggest Airlines Suspend Threats to Stop Domestic Flights
Nigeria's large airline operators have called off earlier threats to stop domestic flights from this Monday due to the rise in jet fuel prices, according to the Airline Operators of [...]ASEA to link 7 African Capital Markets
The African Securities Exchanges Association(ASEA) is moving closer to linking the African capital markets by facilitating cross-border trading and free movement of investments in Africa. Already, the African Exchanges Linkage [...]
