AFRICAN DEVELOPMENT BANK SEALS $1BILLION DEAL WITH ASIAN DEVELOPMENT BANK

The African Development Bank's Board of Directors has approved a large exposure swap of $1 billion with the Asian Development Bank. This was revealed in...

IMF GRANTS $1 BILLION LOAN TO KENYA AMID ESCALATING DEBT

Kenya's economy is grappling with dire circumstances, characterized by unsustainable borrowing, surging debt servicing costs, and limited revenue generation. Despite mounting criticism and protests...

ASEA, ECA SIGN MoU ON AFRICA’S FINANCIAL MARKET DEVELOPMENT

The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for AFRICA (ECA) have signed a Memorandum of Understanding (MOU) aimed at...

NIGERIAN GOVERNMENT RECEIVES $9.2M GRANT FROM CANADA

The Canadian government has given the government $9.2 million dollars to advance its COVID-19 vaccine service provision among the high-priority risks category and to...

2 YEARS ON, NIGERIA’S eNAIRA FAILS TO GAIN TRACTION AMID LOW ADOPTION RATES

Nigeria's efforts to establish the eNaira as a mainstream digital currency have faced significant hurdles, with minimal adoption and a lack of trust from...

NIGERIA, OTHERS GENERATE $873.6 BILLION REVENUE FROM OIL EXPORT IN 2022

Nigeria and other members of the Organization of Petroleum Exporting Countries (OPEC) made $873.6 billion in revenue from oil exports in 2022. Compared to the...

AFRICAN LEADERSHIP SUMMIT: LIBERIA DEPUTY SPEAKER CALLS FOR SINGLE CURRENCY

Cllr. Koffa, Liberia's Deputy Speaker, has urged African leaders to adopt a single currency for the continent. He believes that this would make it...

EGYPT SEALS DEAL TO BOOST PRIVATE SECTOR

The Egyptian government said on Tuesday that it had inked a series of agreements to sell $1.9 billion in interests in state-owned enterprises. Telecom...

AfDB, WAMI ADVOCATE CAPITAL MARKETS INTEGRATION TO BOOST CROSS BORDER INVESTMENT

The African Development Bank (AfDB) and West African Monetary Institute (WAMI), have called for capital markets integration to boost cross border investment in the...

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