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Category: Finance
AfDB warns of 25 African countries facing debt risks, as IMF approves loans to Zambia, Senegal
The rise in cost of debt servicing has led to 25 countries in Africa being at risk of either high debt distress or in-debt distress, ... Read More
India ups lending to Africa in bid to counter China’s dominance
Africa has become the second-largest recipient of credit from India while over the past decade 18 of the 25 new Indian embassies or consulates were ... Read More
West Africa: IFC, Orange Bank Africa ink partnership deal to increase digital lending for Small Businesses
The International Finance Corporation (IFC), the World Bank’s arm for the development of the private sector in developing countries, has signed a partnership agreement with ... Read More
Côte d’Ivoire: SUNU Group withdraws from State-controlled BICICI
Sunu Finance group has pulled out as main shareholder from Cote Ivoire’s trade and industry bank BICICI now controlled by a State-run consortium, "Sika Finance" ... Read More
Burkina Faso hikes minimum monthly wage by 46.5 per cent up from $51
Burkina Faso has adopted a decree increasing minimum monthly wage to up $75 from $51, few days following talks between Labors Unions and the National ... Read More
AfDB invests $11m in Luxemburg-based BluePeak Private Capital Fund for SME in Africa
The African Development Bank, AfDB, has made equity investment worth $11 million in Luxemburg-based BluePeak Private Capital Fund to support mid-size firms, including in the ... Read More
Gabon to borrow $52m from U.S.-based Santander bank to buy payload military carrier
Gabon is set to apply for a $52 million loan from Boston-based Santander bank to place order for a C295 military carrier from European multinational ... Read More
Lome-based BOAD provides $15.3m credit facility for Golden Tulip Akwaba hotel project in Côte d’Ivoire
The West African Development Bank – BOAD- has provided $15.3 million credit facility for Golden Tulip Akwaba hotel project in the Ivorian economic capital Abidjan, ... Read More
Sound Energy receives financing from Attijariwafa Bank for gas field project in Morocco
Sound Energy PLC on Wednesday said that Casablanca-based Attijariwafa offered to finance the second phase of its development of the Tendrara production concession in Morocco. ... Read More
Morocco respects fiscal transparency requirements – US State Department
Morocco respects the requirements of fiscal transparency, the U.S. State Department points out in its annual Fiscal Transparency Report. Of the 141 countries evaluated, the ... Read More