Finance

Aug 22 – The City of Johannesburg has fully settled an overdue R5.25 billion ($328 million) debt owed to state-owned power utility …

LONDON, Aug 20 – Uganda is seeking to borrow up to €207.7 million ($242.55 million) from Citibank to finance the construction of …

LONDON, Aug 18 – Ninety One, the London and Johannesburg listed investment manager, has completed the final close of its Africa Credit …

DAKAR, Aug 18 – The International Monetary Fund will send a full staff team to Senegal from August 19 to September 1 …

WASHINGTON D.C., Aug 12 – The International Monetary Fund has reached a staff-level agreement with Guinea on a 41-month Extended Credit Facility …

CAIRO, August 10 – Chad has secured EUR 110 million in local-currency equivalent from Afreximbank to finance trade-enabling infrastructure projects under its …

HARARE, Aug 8 – The African Trade and Investment Development Insurance (ATIDI) plans to double its capital base to $2 billion within …

JOHANNESBURG, Aug 7 – The Asian Infrastructure Investment Bank (AIIB) has signed a $500 million sovereign-backed loan with South Africa to support …

ABUJA, Aug 5 – The Central Bank of Nigeria (CBN) says its ongoing monetary and foreign exchange reforms are yielding positive results, …

ABIDJAN, Aug 5 – The African Development Fund has approved $4.23 million grant to help 13 African countries integrate natural resources into …