Most Recent World News

Egypt Making Good Progress in IMF Programme, Lagarde Says

Egypt is making good progress in its $12 billion loan programme with the International Monetary Fund and its currency may be stabilising after plunging to record lows, IMF Managing Director.

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Automakers Seen Investing $615 Mln in South Africa This Year: NAAMSA

South Africa’s automotive sector capital expenditure is projected to rise to 8.2 billion rand ($615 million) this year from 6.4 billion rand in 2016, the auto industry body said in.

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Mali’s Estimated Gold Reserves Climb To 822 T – Mines Ministry

New discoveries by mining companies have increased Mali’s estimated gold reserves to 822 tonnes, or around 16 years of output at current production levels, the West African nation’s mines ministry.

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Nigeria Parliament Approves Plan to Sell $1 Billion Eurobond

Nigeria’s parliament has approved the government’s request to sell a $1 billion Eurobond on the international debt market to help finance its budget deficit, the senate spokesman said on Wednesday..

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South Africa’s Sappi to Invest $305M in North America, Europe

South African pulp and paper maker Sappi will invest $305 million in North America and Europe to increase its packaging capacity, the firm said on Wednesday after releasing its first-quarter.

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Gold Miner Centamin to Pay about $100 Mln to Egypt in 2017

Centamin, the operator of Egypt’s only commercial gold mine, expects to pay about $100 million during its first full year of profit sharing with the government in 2017, subject to.

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ABO Capital Opens Office in New York City, Continues To Have Presence in Major Markets  

    Zandre Campos, CEO of ABO Capital, a leading international investment firm headquartered in Angola, announced today the opening of a NYC office. The office located at 641 Lexington.

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Kenya Economic Growth to Slip to 5.7 pct in 2017: Cenbank

    Kenyan economic growth is expected to slip to 5.7 percent in 2017 from about 5.9 percent in 2016, the central bank said on Tuesday.   Governor Patrick Njoroge.

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Tanzania Secures $225m Loan from World Bank Approves for Water Sector

The World Bank’s board of executive directors has approved a $225 million loan to Tanzania to improve water supply in the African nation’s commercial capital Dar es Salaam, the bank.

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Tanzania to Receive World Bank $305m Loan for Port Expansion

Tanzania will receive a $305 million loan from the World Bank to expand its main port in it main commercial city Dar es Salaam, where congestion and inefficiencies are hampering.

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