Tag: Africa

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Saudi Arabia to sign deals worth over $500 mln with African nations -minister

The Saudi Fund for Development will sign agreements worth 2 billion riyals ($533 million) with African countries, Saudi Finance Minister Mohammed Al-Jadaan said on...

Developing countries owe China at least $1.1 trillion – and the debts are due

Developing countries owe Chinese lenders at least $1.1 trillion, according to a new data analysis published Monday, which says more than half of the...

Africa unlikely to follow East Asia’s manufacturing growth path -study

African countries are less likely to follow East Asia's development model of expanding manufacturing to pull people out of poverty, according to a study...

Ghana loses US$50 billion through capital flight in five decades

Ghana lost US$50 billion between 1970 and 2021 through capital flight, a study by the National Development Planning Commission (NDPC) and the University of...

U.S.-Africa duty-free programme needs changes -U.S. trade official

The United States should make changes to its flagship trade initiative with Africa that would increase its impact as part of a potential reauthorisation...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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