First Independent Mena Newspaper
Netherlands’ Prime Minister Mark Rutte indicated Monday June 26 that the European country is keen to pump more investments in Tunisia, chiefly into renewable energy and water sectors. Rutte held a telephone conversation with President Kais Saied. The Tunisian leader on the other hands expressed the desire to see both countries giving new momentum to […]
The European Union (EU) has provided a fresh credit facility of 32.7 million euros to the Democratic Republic of Congo to be used to provide assistance to people in the eastern region where several populations have been affected by fighting between the army and rebel groups. The loan will be channeled through humanitarian organizations to […]
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 by Covid-19, Zawya reports, citing Kenyan Wall Street newspaper. The investment will be in senior debt under its Covid-19 emergency response working capital solutions scheme (WCS FIGE). IFC initiated the […]
Hundreds of Ghanaians took to the streets of the capital Accra on Saturday (5 November) demanding the resignation of President Nana Akufo-Addo whom they blame the government’s poor handling of the ongoing economic crisis that has seen fuel and food costs spiral to record levels. After once promising a “Ghana without aid,” last week Akufo-Addo […]
The African Development Bank, AfDB, has accorded $80 million credit facility earmarked to enhance food self-sufficiency and security, through securing the supply of soft wheat, barley and fertilizers. The loan deal was signed Thursday between Samir Said, Tunisia’s Minister of Economy and Planning and Mohamed El Azizi, the Director General, Regional Development and Service Delivery […]
Kenya wants to renegotiate a multibillion-dollar loan from China that was used to build a major railway because though the country is up to date on its payments, it cannot continue with the current 20-year schedule. Answering questions from a parliamentary committee, Kenya’s incoming transport minister, Kipchumba Murkomen, said the country will have to ask […]
Skeptics say that despite China’s agreement to forgive interest-free loans to 17 African countries as it seeks to dispel debt-trap allegations, the days of Beijing writing off interest-bearing loans are over. The world’s poorest countries — many of them in Africa — are facing $35bn in debt-service payments in 2022, out of which around 40% […]
The European Union released Wednesday €300 million accounting for the second tranche of the bloc’s support for the North African country in surfing the impacts of the COVID-19 pandemic. Tunisia received the first tranche of the same amount, in June last year. The bloc last year rubber stamped a Macro-financial Assistance (MFA) program worth €600 […]
Tunisia has received $700 million in credit facility from African Export–Import Bank known as Afreximbank. President Kais Saied, according to a statement by the state-run television, approved the credit line requested by the Central Bank of Tunis. The statement neither provided details on the period of the loan nor the interest rate. […]
The African Development Bank, AfDB, agreed Monday to allocate to Tunisia a credit line worth 103.95 million euros earmarked for the second phase of a road infrastructure project (PMIR-II) in the North African country. The credit will be used to rehabilitate 230.6 km of road in five governorates according to Minister of Equipment and Housing […]