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Tanzania, Chinese firms signed agreement on 506-km railway project

DAR ES SALAAM – Tanzania’s railway authorities, signed an agreement with two Chinese companies, for the second phase of the construction of the 506-km standard gauge railway (SGR), from Tabora to Kigoma region.The Tanzania Railways Corporation (TRC) an...
Business

Nigeria’s Central Bank Raises Cash Withdrawal Limits After Public Outcry

The Central Bank of Nigeria has raised the maximum weekly limit for cash withdrawals after a public uproar over the caps it announced two weeks ago. The new limit is five times higher than the initial cap for individuals and ten times more for companie...
Business

Cameroon Deploys Troops to Quell Gang Violence in Economic Hub

Cameroon has deployed troops to its port city of Douala, the country's economic hub, to try to stem a wave of gang violence.The insecurity has also disrupted Cameroon's exports to its landlocked neighbors, the Central African Republic and Chad.Cameroon...
Business

Suez Canal Earned Record Revenue Of 7.9 Billion USD In 2022

CAIRO– Egypt’s Suez Canal, registered a record-breaking revenue of 7.932 billion U.S. dollars in 2022, the chairman of Egypt’s Suez Canal Authority (SCA), announced yesterday.“The revenues of 2022 are the highest in the SCA’s history,” Osama Rabie told...
Business

Tunisia gets loan to boost food security, electricity supply

TUNIS— The European Investment Bank (EIB) has approved 220 million euro loans for Tunisia to boost its food security and electricity supply, the Tunisian Ministry of Economy and Planning said in a statement.Two financing agreements were signed in the c...
Business

IMF Approved Three-Billion-USD Loan To Egypt

CAIRO– The International Monetary Fund (IMF), said that, its executive board had approved a loan to Egypt of about three billion U.S. dollars over 46 months.The decision enables an immediate disbursement of about 347 million dollars to Egypt, “which wi...
Business

Ghana secures SLA with IMF in record 5 months – Finance Minister Ofori-Atta

ACCRA— The Ghana Government has announced a staff-level agreement with the International Monetary Fund (IMF) on a $3 billion loan deal.The agreement, reached on the back of a record 5 months of intense negotiations between the International Monetary Fu...
Business

IGAD in Partnership with World Bank Launches its Groundwater for Resilience Project

December 9, (NAIROBI, Kenya): The Intergovernmental Authority on Development (IGAD), with financial and technical support from the World Bank, officially launched the IGAD Groundwater for Resilience project.In an event organised by the IGAD Secretariat...
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Pilot’s Quick Action Prevents Tragedy in Australia Scenic Helicopter Incident: Report

Sydney: The pilot's quick action was key to ensuring the safety of all aboard a scenic helicopter flight that ended in a forced landing last September in Australia's Northern Territory, a government report has revealed. According to Namibia Press Age...
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Mombasa and Kwale Residents Participate in Wildlife Law Review

Mombasa: The State Department for Wildlife, under the Ministry of Tourism and Wildlife, has initiated a public participation exercise for the residents of Mombasa and Kwale counties to gather their feedback on the revision of the Wildlife Conservation...
General

Joy And Celebrations As Erastus Ethekon Is Nominated The Head IEBC

Turkana: The Turkana Professionals' Association, led by their chairman Jackson Nakusa, has extended their gratitude to President William Ruto for the nomination of Erastus Ethekon as the chairperson of the Independent Electoral and Boundaries Commissi...

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SOUTH AFRICAN PARLIAMENT’S RULES COMMITTEE KICKS OFF BENCHMARKING EXERCISE TODAY

The multiparty delegation of Parliament’s Rules Committee kicks off its benchmarking visit to the UK Parliament's House of Commons in Westminster today. This three-day visit is a significant step in the ongoing consideration of establishing a parliame...
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NCPB Invites Farmers to Utilize Post-Harvest Handling Facilities

NAIROBI: The National Cereals and Produce Board (NCPB) is offering a variety of post-harvest services to farmers. According to Kenya News Agency, the services include grain-drying, aflatoxin testing, grain grading, general warehousing, the Warehouse Re...
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General

No Date Set for Meeting Between Trump and Von der Leyen

Brussels: No specific date has been set yet for a meeting between European Commission President Ursula von der Leyen and US President Donald Trump, despite their agreement to fix one on the sidelines of Pope Francis' funeral, European Commission spoke...
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