Most Recent News

ALM’s POTY 2024: Honouring Africa’s Finest!

The anticipation has been palpable and here we are finally at The 12th African Leadership Magazine Persons of the Year (POTY) Awards Ceremony, in the prestigious Ethiopian Skylight Hotel in.

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Ethiopia gets $745 million from World Bank

Ethiopia Ministry of Finance and the World Bank have signed two Financing Agreements amounting to a total of $745 million, approximately 39.8 billion ETB, both in the form of grants..

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NIGERIA UNVEILS AFRICAN DEBIT CARD, (AfriGo), allay fears of international service providers

The Federal Republic of Nigeria has unveiled an African Central Bank – Led National Domestic Card Scheme, AfriGo, to address local financial needs. The governor of the nation’s central Bank,.

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World Bank Reaffirms Support For Kenya’s Growth Plan

World Bank has assured Kenya of its continued support as the country strives to become an upper middle-income country, anchored under the Vision 2030 blueprint. The Group’s board of executive.

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World Bank Okays $13.5m Blue Economy Financing Plan For Africa

The World Bank Group yesterday announced a new Blue Economy programme that will catalyze financing and provide an operational response to development challenges in coastal-marine areas of African countries. The.

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World Bank Approves $497 Million For Loan Request To Repurpose Komati Power Plant

A South African project to decommission and repurpose one of state-owned power utility Eskom’s coal-fired power plants using renewables and batteries is set to get $497 million in financing from.

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Safaricom Ethiopia gains approval to operate M-Pesa

Safaricom Ethiopia has been granted a license to operate M-Pesa mobile money services in the country after authorities confirmed that the law had been changed to allow foreign investment in.

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Benin: World Bank Okays $150m Over Energy, Others

World Bank has approved $150 million in International Development Association (IDA) financing to assist the Government of Benin to expand access to reliable and sustainable energy and improve fiscal and.

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Zimbabwe talks with World Bank, IMF Over clearing IFI Debt

Zimbabwe is talking with the World Bank and International Monetary Fund on how to clear its debts with International Financial Institutions (IFI). The finance minister of Zimbabwe, Mthuli Ncube said.

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IMF Set out for completion of Zambia, Chad debt restructuring

International Monetary Fund, IMF Managing Director, Kristalina Georgieva, has set to ensure the debt restructuring efforts for Zambia and Chad could be completed by the end of the year to.

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