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Category: Business
Sudan seals $6bn deal with UAE to build new Red Sea port
Sudanese government has signed a $6 billion agreement with a consortium led by the United Arab Emirates' AD Ports Group and Invictus Investment to develop ... Read More
COVID-19: U.S. grants Côte d’Ivoire more than 2 million doses of Pfizer, a $16 million donation
The US Development agency USAID has donated to Côte d’Ivoire more than 2 million doses of Pfizer to help the West African country to tackle ... Read More
US seeks to boost trade, political ties with Africa to catch-up with China, Russia
The US-Africa Leaders summit kicked off Tuesday (13 December) in Washington, D.C., with a full agenda that includes topics ranging from climate adaptation and energy ... Read More
King Mohammed VI represented at U.S.-Africa Leaders Summitby Head of Government
King Mohammed VI is represented at the US-Africa Leaders Summit by Head of Government Aziz Akhannouch. The Summit is hosted by President Joe Biden in ... Read More
UK-based BII, African Guarantee Fund ink $75m pact to fund SMEs across Africa
UK-based finance institution British International Investment (BII) and the African Guarantee Fund (AGF) have signed a $75 million re-guarantee agreement for small and medium enterprises ... Read More
Sub-Saharan Africa faces massive debt-servicing shock, study warns
Strategies are needed to avoid debt crises that developing nations are currently facing, including the urgent need to find as much as $2.5-trillion over five ... Read More
Africa’s crypto winter: arrest of FTX’s boss prompts calls for tighter regulation
At the heart of the Africa’s crypto boom was FTX, an international exchange run by US crypto guru Sam Bankman-Fried, whose collapse in November has ... Read More
Gulf of Guinea countries band together to stop illegal Chinese fishing
Gulf of Guinea nations have banded together earlier this year to crack down on illegal fishing, which environmental groups blame on Chinese boats that are ... Read More
Blinken stresses partnership with Africa as China looms large over US-Africa Leaders summit
With the annual US-Africa Leaders Summit kicking off in Washington, D.C., this Tuesday Dec.13, the Biden administration will try to offer its African partners a ... Read More
Morocco: EBRD lends a further €100 million to Société Nador West Med
The European Bank for Reconstruction and Development (EBRD) is providing additional loan financing of €100 million to Société Nador West Med (NWM) for the construction ... Read More