THE African Development Bank (AfDB) has approved a €39.62 million loan to Cameroon to improve road access to the industrial and port areas of Kribi, in the south of the country. Designed for implementation of the second phase of the…
THE African Development Bank (AfDB) is setting up youth entrepreneurship investment banks that will help grow youth-based wealth for Africa’s young population, the bank’s president, Akinwumi Adesina, announced Tuesday. The banks, to be rolled out by the end of this…
They met Malt drink at #100 but now it is #250 They met coca cola at #60 but now it’s #200 They met cooking gas @ #150 per KG but today it is #800 They met a bag of cement@#2000…
ZIMBABWE President Emmerson Mnangagwa oversaw the groundbreaking of a $300 million spodumene project at the Bikita Minerals mine. It’s hoped the spodumene project will ramp up lithium production and extend the life of Zimbabwe’s oldest mine. According to the official The…
TANZANIA, with its 57.54 trillion standard cubic feet of natural gas reserves, has the potential to become a regional and global energy hub. With global liquefied natural gas (LNG) prices anticipated to increase and peak in 2025, and supply deficit…
MULTILATERAL and bilateral lenders on Wednesday made a series of pledges to support Cote d’Ivoire’s 2021-25 Development Plan totalling $26.1bn, Prime Minister Patrick Achi said. The West Africa Development Bank pledged 1 billion euros, the African Development Bank $4.3bn, the…
THE African Export-Import Bank (Afreximbank), through its Intra-African Trade Division, had, by the end of 2021, disbursed about $20bn in support of intra-African trade and investments, with plans to disburse a further $40bn during the next five years. That had…
THE Acting Accountant-General of the Federation (AGF), Mr Chukwuyere Anamekwe, has decried Nigeria’s dwindling economic fortune, saying the country has to borrow to pay workers’ salaries and wages and finance the budget shortfall. Anamekwe said the current economic situation in…
A NEW Ghanaian government-owned development bank aims to lend $600 million to small businesses over the next one to two years, its chief executive said, to help meet demand for credit and contribute to growth in the inflation-wracked West African…
THE Federal Government yesterday said Nigeria needs about 3.6 million metric tonnes of fish annually to meet local demand. It noted the country currently produces 1.2 million metric tonnes between artisanal, industrial and aquaculture as the deficit is being supplemented …
