ivorian-russian_foreign_ministers

China Development Bank to support SMEs in Africa with $400-million loan to Cairo-based Afreximbank

The China Development Bank (CDB) and the African Export-Import Bank (Afreximbank) inked Monday August 28 a $400-mllion loan to be used to support the financing of small and medium-sized enterprises (SMEs) across Africa. President of CDB, Mr. Tan Jiong, and President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, signed the […]

Morocco’s OCP posts $9.1 bln revenue in 2023

Morocco’s phosphates and fertilizer giant, OCP, said its revenue in 2023 dropped to $9.1 billion from $11.3 billion a year earlier due to lower prices in the international market. The company said it will forge ahead with its investments which totaled $2.6 billion last year, from 2 billion a year earlier. Few days ago, OCP […]

Escalating conflicts in Nigeria and Cameroon force closure of thousands of schools

A recent United Nations report has revealed that nearly 15,000 schools have been shut down across West and Central Africa, affecting the education of over 3 million children — a crisis driven by growing insecurity, conflict, and displacement. The situation is particularly dire in Nigeria and Cameroon, where violent insurgencies and protracted conflicts have forced […]