Category: Business

This will include a $1 billion fund for water projects to be erected by 2033, as well as security programmes and cleaner energy projects targeting at least 750 million people in Africa.

The East African Community (EAC) convergence criteria require regional central banks to maintain a minimum of 4.5 months of import cover as part of the preconditions for the implementation of a regional single currency regime.

Uganda will from January 1, 2024 stop buying fuel from Kenyan firms after it entered into a five-year contract with Vitol Bahrain E.C, which will supply it with its entire fuel needs.

Travellers within the continent not only pay higher ticket prices but also more tax to board a commercial aircraft.

President William Ruto announced on Tuesday that the Pan-African Payment and Settlement System (Papss) will be domiciled in Kenya.

She was speaking in Marrakech, Morocco on Wednesday in a presidential panel in the ongoing Africa Investment Forum.

Beijing’s shift in its lending policy towards Africa has been bolstered by President Xi Jinping’s determination towards ‘greening’ his massive Belt and Road Initiative (BRI) and supporting small scale projects (with values under $50 million) which are economically feasible, with more beneficial social and environmental...

Completion of the reviews has resulted in over $1billion in financing commitments for seven of the eight nations pegged on approval by the IMF Executive board.

The financing, which is still subject to the fund’s executive board approval, follows the considerable progress that Somalia has made in rebuilding its economy and institutions under the current ECF-supported programme since 2020.

Nutridor has a vast network of operations in the Middle East and Africa region, with customers in over 15 countries, including Jordan, Lebanon, Angola, Gambia, Ghana, Senegal and the six oil-producing nations under the Gulf Corporation Council including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and...