Ethiopia Targets $7.5 billion by Privatizing Its Economy The government targets $7.5 billion to boost it’s economy to deal with dwindling exports and growing foreign debt. For decades, Irba Jana has scraped out a modest living from sugar cane, selling his harvest to mills run by Ethiopia’s state-owned sugar monopoly. […]

Nigeria To Borrow $4.3 billion To Fund 2020 Spending Plans Nigeria has revealed plans to borrow 1.549 trillion naira ($4.3 billion) from domestic and international markets to fund its 2020 budget, according to the country’s Debt Management Office. Director General, Patience Oniha said a little more than half 805 billion […]

The African Export-Import Bank (Afreximbank) yesterday in Malabo received the award for the African Bank of the Year at the African Banker Awards 2019 ceremony held on the sidelines of the Annual Meetings of the African Development Bank. Amr Kamel, Afreximbank’s Executive Vice President for Business Development and Corporate Banking […]