Finance

LAGOS, Aug 4 – Nigeria’s National Economic Council (NEC) has approved the refinancing of NNPC Limited’s oil-backed pre-export finance facility through a …

HARARE, July 31 – The African Export-Import Bank (Afreximbank) has signed financing agreements worth $190 million with CBZ Bank Limited of Zimbabwe, …

JOHANNSBURG, July 30 – South Africa’s government has appointed Seiso Mohai, Deputy Minister in the Presidency for Planning, Monitoring and Evaluation, as …

LAGOS, July 28 – Former World Bank President David Malpass has warned that Nigeria’s growing use of collateral-backed sovereign borrowing could complicate …

LUANDA, July 28 – Angola has raised 300.3 billion kwanzas ($327 million) after successfully selling a 15% stake in Unitel, the country’s …

DAKAR, July 25 – Senegal is expected to appoint global investment bank Lazard as its financial adviser on sovereign debt matters, a …

RABAT, July 24 – The African Development Bank (AfDB) has approved a €100 million ($114 million) loan to support the construction of …

JOHANNESBURG, July 24 – South Africa’s Deputy Finance Minister David Masondo has resigned as chairperson of the board of the Public Investment …

DAR ES SALAAM, July 24 – Tanzania is considering issuing a Eurobond as part of plans to meet its external borrowing needs, …

JOHANNESBERG, July 23 – African governments and development finance institutions are placing greater focus on debt guarantees as they look to attract …