7 African nations set to receive $1bn from IMF
Nairobi, Nov. 5, 2023: The International Monetary Fund (IMF) has over the past one month (October) reviewed the economic, financial,...
Foreign
Biden endorses Agoa extension for Africa
United States President Joe Biden has endorsed the extension of the African Growth and Opportunity Act (Agoa) upon its expiry...
British investment fund puts $26m in African warehouses
British International Investment (BII), the UK’s development fund, has committed Ksh3.99 billion ($26.5 million) to African warehouses in three countries...
CIBN, LBS launch dual qualification programmes for financial services professionals
Lagos, Nov. 3, 2023: The Chartered Institute of Bankers of Nigeria (CIBN) and the Lagos Business School (LBS) have collaborated...
China’s Central Bank adds liquidity via reverse repos
Beijing, Nov. 3, 2023: China’s Central Bank conducted 43 billion Yuan (about 5.99 billion U.S. dollars) of seven-day reverse repos...
Chinese Yuan weakens to 7. 1797 against dollar
Beijing, Nov. 3, 2023: The central parity rate of the Chinese currency renminbi, or the yuan, weakened 19 pips to...
AfDB approves new loan to finance construction of Namibia’s railway
Windhoek, Nov. 2, 2023: African Development Bank (AfDB) on Wednesday approved 196.43 million dollars loan for Namibia to implement the...
IFC gives $2.9bn to East African green economy businesses
The International Finance Corporation (IFC) has given Kenya, Tanzania and the Democratic Republic of Congo (DRC) businesses $2.9 billion in...
Tinubu seeks German chancellor’s support to combat terrorism
Abuja, 30, 2023: President Bola Tinubu, on Sunday solicited the support of German Chancellor, Olaf Scholz, in combating terrorism in...
AfDB invests $4bn in Nigeria
Abuja, Oct. 29, 2023: The African Development Bank(AfDB) says its portfolio in Nigeria is one of the largest among the...
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