Business

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...

The United States plans to commit $55 billion to Africa over the next three years, according to White House officials. The announcement comes as the administration of President Joe Biden hosts a two-day meeting with African leaders.The U.S. three-year ...

Long-running tensions between the major international lenders and China were aired at a meeting in China’s Anhui province, where participants sought agreement on a way forward for some of the world’s most indebted countries, many of them in Africa.Repr...

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...

The United States will demonstrate its commitment to the African continent with $55 billion in pledges, national security adviser Jake Sullivan said Monday on the eve of a three-day summit of 50 high-level African delegations in Washington."The U.S. wi...

DESTEA appoints new Head of Communications as it gallops towards the recovery of the Free State economyThe Free State Department of Economic, Small Business Development, Tourism &Environmental Affairs (DESTEA) hereby notifies members of...