Ethiopia’s yearly car production capacity will soon rise to 10,000 units thanks to the first Hyundai’s East African assembly plant.
This assembly plant...
The $4 billion Eurobond issued by Egypt on February 19, 2019 to fund its budget deficit, was 5X oversubscribed, according to a release published by...
In Côte d’Ivoire, close to more than XOF3,000 bln ($6 billion) will be invested in the tourism sector in the framework of the "Sublime Côte d’Ivoire",...
The UK wants to cut African countries’ dependency on foreign aid with a new anti-avoidance program. This was announced last Thursday by Penny Mordaunt...
Quartz, the digital journalism platform focusing on the global economy, has selected African Development Bank Vice President Dr. Jennifer Blanke as a...
Egypt just issued dollar-denominated Eurobonds, finance minister Mohamed Maait (photo) announced indicating that the deadline for international investment...
American transportation service provider Uber would now have to pay value-added tax to continue its operations in Egypt, Abdel Azeem Hussein, head of the...
Tunisia’s economy grew by 2.5% in 2018, against 1.9% in 2017, according to figures published on February 15, 2019, by the national institute for...
Mali wants to invest a little more than XOF10,000 billion ($17.19 billion) in the infrastructure sector, Soumeylou Boubèye Maïga, the country’s prime...
The International Monetary Fund (IMF) estimates, in a report published on February 15, 2019, that Uganda’s economy should grow by 6.3% during the...
Africa could be the second continent with more business opportunities in the health sector, Vera Songwe (photo), executive secretary of the UN’s economic...
In Africa, only 4.5% out of the 736.8 million people of working-age are without a job. This is indicated by the International Worker Labour in a report...
The European Union Commission proposes Nigeria, Ghana, Botswana and Libya to be listed on the money laundering blacklist. On the other hand, the...
Nissan announced, in a release published yesterday, a partnership with Algerian group Hasnaoui for a $160 million vehicle plant in...
Germany provided €40 million to Tunisia for an E-government program, according to a communique published on February 12, 2019, by Tunisia’s ministry...
Remittances from the Egyptian diaspora reached $25.5 billion in 2018, representing a 3.1% increase compared with the $24.7 billion of 2017,...
The Chairperson of the African Union Commission (AUC), Moussa Faki Mahamat and the President of the African Development Bank Akinwumi Adesina, met Tuesday...
The African Development Bank and UN Women held their fourth steering committee meeting on 8 February 2019 in Abidjan, Cote d’Ivoire. The two institutions...
The Nigerian diaspora plans to set a $3 billion investment fund, Abike Dabiri-Erewa (photo), Senior Special Assistant on Foreign Relations &...
Bank of Tanzania (BoT) expects Tanzania’s economy to grow to 7.3% in 2019, a 0.1% rise compared to the growth recorded in 2018. According to the bank,...
One of the key resolutions adopted during the 33rd meeting of the ministerial council of the Central African Economic Union (UEAC) held on February 8,...
The African Union Commission, the African Development Bank and global partners today launched the Continental Nutrition Accountability Scorecard to raise...
Algeria’s president Abdel Aziz Bouteflika, in power since 1999, announced in a statement published on February 10, 2019, his ambition to run, for the...
“We are working hard with governments to improve transparency, governance, accountability and project delivery across the continent. Corruption does not...
Guillaume Soro (photo), president of Côte d’Ivoire’s national assembly officially resigned during an extraordinary meeting hastily convened today February...
A new $100 million fund will be created in Q3 or Q4, 2019, to support local entrepreneurs, Strive Masiyiwa (photo), announced in a statement...
The Commissioner for Economic Affairs at the African Union Commission, Victor Harison, has described the 2019 African Economic Outlook (AEO) as an...
African Development Bank President Akinwumi Adesina is expected in Addis Ababa on Sunday, 10 February to take part in the 32nd Ordinary Session of the...
In partnership with the African Development Bank, Korea is ready to step up technology transfers to Africa, officials said in Seoul today.
Speaking at a...
The Netherlands will provide $56 million to Tunisia in the framework of the local development and democracy strengthening programme, a communique...
Development spending efforts should target improved food safety for African consumers, who need greater information and awareness to be able to demand...
The Kingdom of Eswatini is on track for progress following encouraging country performance in execution of ongoing projects, Executive Directors of the...
The International Finance Corporation (IFC)’s annual investments in Africa represented more than one-quarter of its long-term investments in the world...
About hundred Egyptian deputies submitted a constitutional amendment bill, on February 3, 2019, to allow Abdel Fattah al-Sissi (photo) to run for two more...
The Arab Maghreb Union (AMU) has received the financial support of the African Development Bank (AfDB) to fund the preparatory activities of the...
"The future of our continent is looking very promising indeed," African Development Bank Group President Akinwumi Adesina declared in the opening words of...
Live News
-
Camwater announces refurbishment of water distribution facilities
18:47
-
In 2018, the number of mobile subscriptions and internet users in Togo grew by 12%, according to Hootsuite
18:42
-
Burkinabe lender International Business Bank eyes Togolese market
18:41
-
Togo: Motor vehicles, including bikes of more than 125cc, will be taxed from now on
18:31
-
Cameroon: Sodecoton’s refined oil production fell by 1mln liters in 2018
15:21
-
Cameroon: Franco-British Perenco plans $12.5-$36.5mln investment in Bomana oil block
15:17
-
A second German hardware security firm enters the African market
15:15
-
Nigeria: Access Bank Nigeria’s $41.5 million green bonds approved by the SEC
15:10
-
Madagascar: Finance and textile sector boosted Mauritius-based CIEL Group's performances in H2, 2018
15:03
-
Zambia: Central Bank keeps prime rate despite low growth of monetary mass at end 2018
14:56
