Afreximbank okays $200m for Ugandan Oil Pipeline
04/10/2022Afreximbank has approved $200 million for the financing of an oil pipeline to export Uganda’s crude saying, it is also willing to finance the construction of a refinery in the.
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Nigerian Apex Bank Hikes Interest Rate
28/09/2022The Central Bank of Nigeria, CBN, on Tuesday, raised its benchmark lending rate by 1.5 per cent points to 15.50 per cent, its highest level since 2006 when the rate.
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Ghana, Cote d’Ivoire, Others to Benefit from $450m World Bank Projects
28/09/2022The government of Ghana has secured the World Bank’s $450 million multi-country project for the Gulf of Guinea Northern Regions Social Cohesion (SOCO). It would be implemented in Ghana and.
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Diplomacy: Ghana, Saudi Arabia Unify Safe Working Conditions for Citizens
28/09/2022Ghana and Saudi Arabia have developed a framework that will enable each other’s citizens to work in a safe and appropriate manner in their respective countries. The two countries are.
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Kenya: Amid odds, Ruto Resolves To Buy Fuel from Russia
27/09/2022Kenyan President, William Ruto has resolved to commence fuel transactions with Russia. This followed the avoidance of the United States among other nations having any engagements with Russia as a.
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IMF Approves Unified Exchange Rate for Nigeria
27/09/2022The International Monetary Fund (IMF) has recommended a unified exchange rate to strengthen Nigeria’s macro economy and external reserves. IMF Representative for Nigeria, Mr Ari Aisen, listed this among other.
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Africa SME Champions Forum Returns To Uganda
26/09/2022The seventh edition of the Africa SME Champions Forum was slated to return to Uganda spanning from October 6 – 7, at the Speke Resort Munyonyo in Kampala. ALM gathered.
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Nigeria: AfDB, FDA, Others okay $618m Investment
26/09/2022The African Development Bank (AfDB), the French Development Agency (FDA) and the Islamic Development Bank (IsDB) have pledged to invest $618 million in the Digital and Creative Enterprises Programme (I-DICE).
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IMF Plans Discussion With Ghana Over $3b Deal
26/09/2022An International Monetary Fund (IMF) staff team has resolved to discuss with the Ghanaian government on policies and reforms that could be supported by its $3 billion lending arrangement. The.
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Power Is Key To Africa’s Socio-Economic Development – Obasanjo Tells Devt. Partners
26/09/2022Nigeria’s former President, Olusegun Obasanjo said the development of Africa economically and socially depends on the provision of adequate electricity supply and advised African partners across the globe to channel.
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