Business Affairss

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...

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...

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...

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...

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...

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...

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...

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...