Egypt, home to an estimated 52 million adults, houses approximately 22,250 millionaires, accounting for 0.04 percent of its total adult population, according to a research by leading global investment bank.
Ethiopia has secured a syndicated $1.26bn fund for an Ethiopia-Kenya high-voltage transmission line, due for completion in 2015, with the economic spillovers expected to benefit neighboring countries. The project is.
The soon-to-be vacant governor’s position at Nigeria’s Central Bank (CBN) is set to create a tussle for the suitable candidate to replace Mallam Sanusi Lamido Sanusi – current head of.
Funded buy billionaire, Mohammed Hussien Al Amoudi, the Ethiopian Space Science Society (ESSS) has established a $3.4 million space observatory in Addis Ababa, to enhance the country’s knowledge of the.
Women are the backbone of most African economies and policy makers are starting to consider the unique role they play in society. Country development strategies are increasingly including gender themes.
In keeping with its 10-year strategic focus on infrastructure development, the African Development Bank (AfDB), this week said it had approved a R2.9 billion ($338m) “sovereign guaranteed” loan to Namibia.
South Africa’s second-largest bank, FirstRand is keen on establishing a retail banking business in Nigeria and has earmarked Keystone and Mainstreet Banks for potential buy-outs, according to report. Following an.
Ethiopia Minister of Trade, Kebede Channie, on Thursday said the East African nation has generated $700 million from the export of grains, oil seeds and spices during the last fiscal.
