Business Finance Headlines

IFC accords $150m loan to Olam to boost palm oil production in Gabon

The World Bank’s private sector financing arm, International Finance Corporation (IFC), has provided a credit package of $150 to Olam Palm Gabon, the subsidiary of Singapore-based Olam International, to boost the company’s production of palm oil in the central African country. The loan, Gabon Review reports, will be used in the construction of a biodiesel […]

Africa Features Headlines International

Georgia announces release of two seamen captured in Gabon’s seas

Two Georgian sailors captured early this month by pirates in Gabon’s territorial waters have been released from captivity, authorities of the European country announced Wednesday. “Two Georgian sailors abducted in Gabon were freed on May 21 thanks to the efforts of Georgia’s foreign ministry, the Georgian embassy in South Africa, and Georgia’s maritime transport agency,” […]