Category: Business

Sudan seals $6bn deal with UAE to build new Red Sea port

December 15, 2022

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

December 15, 2022

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

December 14, 2022

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

December 14, 2022

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

December 14, 2022

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

December 14, 2022

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

December 14, 2022

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

December 13, 2022

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

December 13, 2022

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

December 13, 2022

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