African Loans

Outlook for Africa Finance Corporation’s rating upgraded to stable by Moody’s

NEW YORK,–(COMMERCIAL THREAD) – Africa Finance Corporation, the leading provider of infrastructure solutions in Africa, received an increase in its credit rating outlook from Moody’s Investors Service, which assigned a “stable” outlook. The decision ratifies the second investment grade ranking among African institutions for AFC, with Moody’s upholding the company’s …

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The Latest: Arizona State-Managed Vaccination Sites Closed | national news

Doctors at hospitals treating COVID-19 patients around the state cannot remember a single death of a vaccinated person. Yet health officials are struggling to convince certain groups to get vaccinated, especially young people and minorities. Hispanic and black residents continue to be hospitalized at disproportionately high rates, according to state …

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On the occasion of Africa Day, Casablanca Finance City (CFC) tackles preconceived ideas on the continent

Casablanca, Morocco – (COMMERCIAL THREAD) – Casablanca Finance City (CFC) (https://CasablancaFinanceCity.com), the leading financial center in Africa, celebrates Africa by producing a web-TV program, CFC Talks – Special Africa Day (https: // bit.ly / 3vMGMl0), to fight against preconceived ideas on the continent and raise awareness of its potential by …

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Salah and Aina among Premier League goal of the season nominees

The goals of the Egyptian and Nigerian stars were shortlisted for the annual distinction of the English elite division Goals from Mohamed Salah and Ola Aina have been nominated for the Premier League goal of the season award. Salah played a crucial role in Liverpool’s third place in the English …

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Two Ethiopian projects show ‘railpolitik’ in action

Ten years ago, when late Ethiopian leader Meles Zenawi planned 5,000 km of standard gauge railway, the landlocked country got a $ 2.5 billion loan from China Eximbank. This loan was linked to the construction of an 800 km east-west railway line between Addis Ababa, the capital, and the port …

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Feasibility of Renewable Energy in Ethiopia by Analyzing Financing Options |

Featured Image: Stock RES4Africa and BonelliErede recently discussed project finance, mitigation tools and more in an online meeting focused on Ethiopia and its renewable perspectives. BonelliErede, an international law firm, together with the RES4Africa Foundation, an organization dedicated to promoting renewable energy in Africa, addressed the management of bankability issues …

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ICC Prosecutor Urges Sudan To Hand Over Darfur Suspects | Voice of America

CAIRO – The International Criminal Court prosecutor on Sunday urged the transitional government of Sudan to hand over suspects wanted for war crimes and genocide in the conflict in Darfur, the official Sudanese news agency reported. ICC Prosecutor Fatou Bensouda arrived in Sudan’s West Darfur region on Saturday to meet …

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IMF agrees to provide $ 1.5 billion loan to DRC

The staff of the International Monetary Fund have agreed to provide $ 1.5 billion to the Democratic Republic of the Congo over the next three years, likely securing the country’s first official lending program with the lender since 2012. The agreement, which has yet to be definitively approved by IMF …

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IFC and development groups help finance vaccine production in Africa

FILE PHOTO: A woman holds a small bottle labeled with a “COVID-19 Coronavirus Vaccine” sticker and medical syringe in this illustration taken October 30, 2020. REUTERS / Dado Ruvic / File Photo (Reuters) – Global development groups including International Finance Corp (IFC) have said they will consider helping African producers …

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Tobacco pays off in Zimbabwe, but growers talk about debt

Zimbabwean farmers are growing tobacco again. But some say it’s the lenders who profit from farmers’ debt. Rosemary Dzodza is a small farmer who recently traveled 200 kilometers to the capital, Harare. She brought her tobacco crop for what she hoped would be a profitable day. But the 60-year-old farmer …

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