Finance

Construction of Russian Industrial Zone in Egypt set to commence
16 Views

Russia's First Deputy Minister of Industry and Trade, Vasily Usmakov has confirmed that Russia will start financing the Russian Industrial zone in…

Mozambique: Globeleq announces financial closure for Temane Power Plant project
22 Views

Funding of US$652 million has been secured for the Temane Power Project in Mozambique.

CLSG Regional Electricity Interconnector Project Powered On in Sierra Leone
19 Views

The CLSG Interconnection line was switched on at Teloma by Sierra Leonean President, Dr Julius Maada Bio, to power up the south and east of the…

IsDB approves US$371m funding for rail and road projects in West Africa
32 Views

The West African countries of Senegal, Guinea, the Gambia, Sierra Leone and Niger are all set for major transport infrastructure upgrades.

Funding approved for Ghana's Peduase-Mamfe-Koforidua Scenic Road Project
21 Views

Ghana's parliament has approved €150 million for the design and construction of the Peduase-Mamfe-Koforidua scenic road project.

Nigeria's President Buhari Signs N17.127tr 2022 Budget into Law
8 Views

Nigeria's President Muhammadu Buhari has signed into law the country's 2022 Appropriation Bill and the 2021 Finance Bill.

US$14m funding for expansion of Rwanda's state-of-the-art King Faisal Hospital
34 Views

The King Faisal Hospital (KFH) in Kigali secured US$14 million funding for expansion of its facilities from the Eastern and Southern African Trade…

AfDB approves US$217m finance for Isiolo-Mandera road project in Kenya
28 Views

The African Development Bank Group has approved a US$217 million loan to fund a project that will improve road transport services in Kenya’s…

TEF funds 5000 African SMEs from 54 African countries for 2021 Entrepreneurship Programme
14 Views

The Tony Elumelu Foundation (TEF) has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme.

ADF approves US$116 million for southern road corridor project in Tanzania
58 Views

The Board of Directors of the African Development Fund (ADF) has approved a loan of around US$116 million to the Tanzanian government to upgrade a…