Dangote Industries get USD 1.4 billion financing facility Via the African Export-Import Bank
Afreximbank Signs USD1.35 billion Financing as Lead Arranger in USD 4 Billion Syndicated Facility to Refinance Dangote Refinery Construction
As rivers run dry in Eritrea, some 900 new dams keep the water flowing
Backed by technical assistance and concessional funding from the African Development Bank, the country has constructed or rehabilitated over 880 dams, most in rural and underserved areas.
Kenya, Rwanda and Uganda kickstart East African Community Customs Bond
Compliance will be enforced through automated systems linked with customs and cargo tracking, ensuring that all movements are monitored and risk managed.
East African Community Posts USD 0.8 Trade Surplus as Exports shoot by nearly 50 percent
There has been a notable increase in East African exports to the Chinese market and a slight decline in imports.
Rainmaker: Indonesia introduces cloud seeding technology to Tanzania
Cloud seeding technology will help Tanzania to take full control of the country’s rain dependent agriculture in addition to combating natural disasters.
Tanzania National Parks Generate over USD 197 Million
TANAPA has apparently used the ‘World Rangers Day,’ occasion to honor the essentially unsung heroes who have been working day and night to safeguard the country’s protected areas.
Over 800 million people are still living in extreme poverty as measurement bar keeps going up
The line has been updated several times since then to reflect changing prices and the costs of meeting basic needs. The most recent update, which happened this month, sets it at USD 3 per person per day.
Most of the developing world is turning into a development-free zone
By 2027, the per capita GDP of high-income economies will be roughly where it had been expected to be before the COVID-19 pandemic. But developing economies would be worse off, with per capita GDP levels 6 percent lower.
Nigerian tech firms expand overseas. Kenyan entities rebrand as South Africa extends services
The Nigerian corporate travel startup Treepz has launched in Canada with a two-year partnership with the African Impact Initiative backed by the University of Toronto.
Libya Central Bank moves to regulate Foreign Currency Exchange Business in Tripoli
As part of the business reforms, the Central Bank of Libya (CBL) has now officially authorized nearly 270 currency exchange offices or Forex Exchange Bureaus across the country.