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Benin gets €39m loan from AfDB to boost private sector’s contribution to economic development

The Board of Directors of the African Development Fund, the African Development Bank Group’s concessional window, approved a €38.84 million loan to Benin to help implement the initial phase of the Economic Governance and Private Sector Development Support Program, Abidjan-based lender said in a statement. The program designed to assist the Beninese government in its […]

DRC: UN mission that ‘proved its limits in ‘permanent war’ is to withdraw peacekeepers

After more than a two-decade presence, the United Nations Organization Stabilization Mission in the Democratic Republic of Congo (DRC), MONUSCO is set to withdraw its 15,000 peacekeepers from the Central African nation, based on a deal signed by MONUSCO’s head and DRC foreign minister on Tuesday (22 November). The country’s Foreign Minister Christophe Lutundula said […]

Abraaj Capital and OPIC agree on joint venture

As Egypt works towards rejuvenating its economic activities through partnership and encouraging foreign investments, a joint venture was announced by US Deputy Secretary of State for Management and Resources, Thomas Nides, between one of the regions’ biggest investment institution in Egypt, Abraaj Capital, and the US Overseas Private Investment Corporation (OPIC) with plans to invest […]