African Loans

Tax increases on airtime and unwanted bank loans

Editorials Tax increases on airtime and unwanted bank loans Thursday 01 July 2021 President Uhuru Kenyatta signs the Income Division Bill 2021 at State House, Nairobi, April 30, 2021. PHOTO | PSCU By DAILY BUSINESSMore from this author summary With the stroke of a pen, President Uhuru Kenyatta will confirm …

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Sudan approved debt relief, $ 2.5 billion in IMF funding

Sudan’s unusually high debt burden A country in the throes of a deep economic crisis Government struggles to finance imports Prime Minister welcomes “big day” June 29 (Reuters) – Sudan on Tuesday received approval from the International Monetary Fund for more than $ 56 billion in debt relief and new …

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Congo signs deal for two 100 MW solar power plants in copper belt

KINSHASA, June 29 (Reuters) – Democratic Republic of Congo public utility company SNEL on Tuesday announced that it has signed power purchase agreements for the construction of two 100 megawatt (MW) solar power plants in the south -is rich in copper and cobalt. for over $ 300 million. SNEL has …

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Russian mercenaries behind war crimes in Africa, UN says

NAIROBI, Kenya – Russian mercenaries deployed to one of Africa’s most fragile countries killed civilians, looted homes and gunned down worshipers in a mosque during a major military operation earlier this year, discovered United Nations investigators. The accusations of atrocities are documented in a report for the UN Security Council …

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Morocco obtains EUR 37.5 million EIB loan to improve water supply

The European Investment Bank (EIB) has lent 37.5 million euros to the National Electricity and Drinking Water Company (ONEE) of Morocco to rehabilitate and improve water supply and distribution infrastructure in the country. An agreement was signed on Friday by both parties. EIB financing will help the Kingdom of North …

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Nigerian man charged with unemployment scam will remain in jail

SEATTLE (AP) – A Nigerian government official arrested in connection with a $ 650 million unemployment fraud in Washington state will remain in jail until his trial, a federal judge said on Friday. U.S. District Judge Benjamin Settle of Tacoma agreed with federal prosecutors that Abidemi Rufai, 42, posed a …

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Alok Sharma to address the African Development Bank in June 2021

Greetings to all of you. And thank you for inviting me to join you today. My friends, I am absolutely determined that COP26 will be a COP in the service of African nations. That it will support the countries of this continent to respond to the climate crisis, to seize …

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FSD Africa Investments Approves $ 4.5 Million Funding for Renewable Energy Financing Intermediary Nithio FI

Wednesday, June 23, 2021 / 4:00 p.m. / FSD Africa / Header image credit: FSD Africa FSD Africa Investments (FSDAi), the investment arm of FSD Africa, rrecently invested US $ 4.5 million in Nithio FI, a renewable energy finance intermediary focused on the off-grid solar sector Pay as You Go …

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How fintech is driving the digital revolution in Africa

Fintech can help African countries transform their economies. (Alistair Berg, Getty Images) The African continent has embraced the mobile fintech revolution. Not only is it home to some 300 million users, the largest number of accounts in the world, but more than 500 African companies offer technological innovations in financial …

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