IMF Approves $150 Million Loan for Togo
The International Monetarty Fund (IMF) has approved a $150 million (KSh15 billion) loan for Togo. The funding is geared towards improving the country's debt management. This also comes after the [...]
Tanzania Mpesa Accounts to Receive Funds via WorldRemit
Tanzania Mpesa accounts will receive funds from over 50 countries as Vodacom Tanzania partners with digital money transfer company WorldRemit. In a statement, Vodacom Tanzania says its 10 million Mpesa [...]
Gabonese Airlines Removed from Europe Blacklist
Gabonese Airlines have been removed from the Europe airspace blacklist, a directive that had caused the airlines not to access the European airspace. The airline has been on the blacklist [...]IMF to Issue KSh37 Billion Credit Facility to DRC
The International Monetary Fund has agreed to provide $368.4 million (KSh37 billion) credit to the Democratic Republic of Congo. The funds are meant to assist the country meet its foreign [...]
African Countries Bet on Abidjan Declaration to Shape Future of Work
African delegates have ratified the Abidjan Declaration betting on it to shape the future of work in the continent. For instance, African countries commit to creating a human-centred approach to [...]Zambia Approves Cultivation and Export of Medical Marijuana
According to the Lusaka Times, Zambia's cabinet approved cultivation, processing and exporting of cannabis for economic and medicinal purposes. Confirming the news, Chief government spokesperson Dora Siliya said that cabinet [...]IMF Approves $213.6 Million Loan for Liberia
The International Monetary Fund (IMF) has approved a $213.6 million (KSh21.7 billion) loan for Liberia. The funding is geared towards helping the country restore macroeconomic stability, provide a foundation for [...]German Agency Partners with EAC in a $16 Million Deal
The East African Community (EAC) has partnered with the German Agency for International Cooperation (GIZ) in a $16 million (KSh1.6 billion) deal aimed at supporting economic and social integration. Through [...]Visa Signs Partnership with MFS Africa
Visa and the African fintech leader MFS Africa have announced a partnership that will see the later distribute Visa payment credentials across multiple markets in Africa. This will allow mobile money users [...]AfDB Commits €345 Million to Kenya and Tanzania
Kenya and Tanzania will benefit from African Development Bank (AfDB) €345 million financing package for road construction support representing 78.5% of the total €399.7 million project cost. Furthermore, AfDB says [...]37 African Countries to Benefit from ADF's $7.6 Billion Fund
African Development Fund (ADF) has committed $7.6 billion for 37 African low-income, fragile, countries. In a statement, ADF says that this is the fifteenth replenishment of the ADF (ADF-15), up [...]Netherlands Grants Rwanda $10.8 Million for Port Development
The Netherlands has given a $10.8 grant to the Government of Rwanda, geared towards the development of four ports on Lake Kivu. The port developments seek to increase shipping, tourism [...]
