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Category: Finance
Over $4m embezzled in Gabon this year – Chief of Police
Over $4 million (2.6 billion CFA) were embezzled between January and October this year in Gabon, the Chief of Police of the central African country, ... Read More
Optimist-in-chief: Africa’s prosperity depends on Africans to be able to move freely
Despite general skepticism about Africa’s economic promise, Akinwumi Adesina, the chief of the African Development Bank (AfDB), who has been dubbed, “Africa’s optimist-in-chief,” believes that ... Read More
Gates Foundation pledges $7 billion to help fund Africa’s agriculture, health
The Bill & Melinda Gates Foundation said it was committing $7 billion to Africa over the next four years, as the American billionaire and philanthropist ... Read More
Egypt unveils $40.7m fund to invest in cutting carbon emissions projects
The Egyptian government launched a fund for investment in projects issuing carbon certificates with an authorized capital of EGP 1 billion ($40.7 million). The fund, ... Read More
Guinea: Minister of Infrastructure & Transport fired over alleged corruption
Guinea President Mamady Doumbouya has sacked the Minister of Infrastructure and Transport, Yaya Sow, under investigation since November 7 over alleged corruption attempt in his ... Read More
Crypto winter: in wake of FTX’s collapse, Africa’s crypto community calls for urgent regulation
The recent collapse of FTX exchange platform has sent shockwaves around the world, taking with it billions of investors’ money, including in Africa where crypto ... Read More
IFC to invest $100m in Nairobi-listed Diamond Trust Bank to back SMEs hit by pandemic
International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted ... Read More
Guinea’s Mamadi Doumbouya orders audit of national budget management
The leader of transition in Guinea Mamadi Doumbouya has ordered Prime Minister Bernard Gomou to audit the spending of the national budget after the country ... Read More
EU to grant Tunisia €100m to weather pandemic-related impacts
The European Union, EU, is set to grant Tunisia €100 million earmarked to help the North African country surf the impacts of the pandemic and ... Read More
Egypt applies to join Shanghai-based New Development Bank
Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line ... Read More