Zimbabwe treasury department has released US $1,5 billion from this year’s National Budget for roads rehabilitation, as the Second Republic continues to ensure roads are trafficable after damages caused by heavy rains that hit most parts of the country.
Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa, said US$1 billion … Read More
Financial support at the heart of China plans for Zimbabwe development.
China is set to raise fund for Zimbabwe development. This funds which is worth US$2.1 billion will increase development aim as well as improve on the current exiting funds.
In 2018 alone, Zimbabwe benefited from different grant as well … Read More
Gov buni sign deal with Family Homes Fund for the construction of 2600 housing units in the state.
Governor of Yobe State, Mai Mala Buni has signed a deal with management of Family Homes Fund for the construction of 2600 housing units. This housing unit will be spread across Yobe … Read More
World Bank making plans to invest in Ghana Cocoa industry.
Cocoa is Ghana chief agricultural export and cash crop. This is why the World Bank is investing fund to help shore up production of the crop over the next five years.
The project which is under the Cocoa Sector Value … Read More
Federal Capital Development Authority says nigeria need US$3trn but can they manage and use the money wisely to solve this problem if they eventually get the fund?
Federal Capital Development Authority (FCDA) announced in Abuja that Nigeria needs US$3trn to solve their infrastructure deficit problem. This fund will be for … Read More
Africa50 is an infrastructure investment platform that contributes to Africa’s growth . This is through developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact. The two-day General ShareHolder Meeting is from 9-10 july in Kigali, Rwanda.
… Read More
AFDB to prepare financial package for Zimbabwe after impressive economic reform
Africa development Bank has set up a plans to help Zimbabwe. The financial package comes as a result of the nation impressive political and economic reforms.
Speaking during the 54th Meeting of Boards of Governors of the AfDB, Dr … Read More
President Nyusi calls for speed in disbursing Reconstruction funds.
Mozambique President Filipe Nyusi has ask funding agencies to disburse promised fund for reconstruction work. Speaking during the international post-cyclone pledging conference held in Beira, President Filipe stressed the urgency of putting the promised financing to work.
According to the President … Read More
Kenya Government request US$750million from World Bank for infrastructural developments
Kenya Government has ask for fund from the world bank for development of different infrastructure. The fund will be use to provide affordable housing, agriculture and other projects. The request is worth US$750million.
The request is the first time in … Read More
Ghana sign deal with Ethiopian Airline to establish a national airline in Accra.
Ethiopian Airline has sign a deal with Ghana government to establish a national airline in Accra. The deal is a joint investment from the Ghanaian government, the private sector, and the Ethiopian airline.
According to the deal, … Read More
Chibuike Rotimi Amaechi say nigeria to request fresh loan form china exim bank
Nigeria has requested a loan from China Exim Bank for the construction of a coastal line. The fund which is worth US$ 1.8billion will help the completion of the project according to Minister of Transportation.
The actual … Read More
Kenya Power spends Sh5.5 billion on installation of electricity due to vandalism.
Kenya Power has announced that the constant vandalism of electrical materials is affecting them. This has result in the distribution company spending Sh5.5 billion in installation of street lights in Nairobi alone.
The distribution company has make sure … Read More
Central bank of Egypt (CBE) to offer 23 investors treasury bills (T-bills).
Over twenty-nine foreign and domestic investors has offer to invest in the Central bank of Egypt (CBE) treasury bills (T-bills). The T-bill which was issued out this week will allow bank to subscribe with a minimum of US$100,000.… Read More
IFA gets fund for infrastructure development in six African nations
Investment fund Africa IFA has secure US$6 billion for infrastructure development in Africa. This IFA fund is the first phase of its drive towards infrastructure development in Africa. The deal was announced during an interview with investment fund’s chairperson and … Read More
Wema Bank gets US$35m Line of Credit to support SMEs.
Wema Bank Plc have secured a line of credit (LOC) from international lenders. The LOC is specifically to grow financial support for small and medium scale enterprises (SMEs) in Nigeria.
The bank received US$15 million and US$20 million from African … Read More