Month April 2024

Ethiopia secures $1.72bn World Bank loan for infrastructure boost

ETHIOPIA and the World Bank have inked loan agreements totalling $1.72bn aimed at bolstering crucial infrastructure projects amidst a backdrop of multifaceted challenges, the finance ministry announced on Friday. The agreements entail a substantial allocation of $523 million to amplify Ethiopia’s electricity…

Botswana Challenges G7 Over Diamond Certification Process

BOTSWANA, Africa’s leading diamond producer, is pushing back against a recent Group of Seven (G7) mandate that requires all diamonds destined for G7 nations to be certified in Belgium. President Mokgweetsi Masisi denounced the measure as unjust during a diplomatic gathering in…